March 2014 |
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BIoT
BUILDING Internet of Things™
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Jim Young, Co-Founder & CEO, Realcomm Published Realcomm Advisory - Jan/14 |
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Over the last few months, anyone in the tech space has been inundated
with a new catchphrase describing the next generation of the Internet:
IoT, an acronym for the Internet of Things; and its close cousin IoE,
the Internet of Everything.
These memorable acronyms refer to what the industry feels is going to
be the next iteration of the Internet. The early Internet consisted of
simple HTML pages; rich media came next, then business application
development, mobility and consumerization, and now the Internet of
Things. It seems that in order for big ideas to take hold they need
catchy names…hence the IoT.
In reality the IoT is not new. I remember having conversations three or
four years ago about the IoT but it did not become mainstream. If you
were to ask industry insiders what the predecessor to the IoT was, most
would likely answer M2M (Machine to Machine). This is where machines
are connected via a network (the Internet) to share data and ultimately
create complex machine process automation schemes. From a consumer
standpoint, the IoT again means all sorts of devices connected to the
Internet for the purpose of information transfer or process automation.
This ranges from wearable devices such as Google Glass and Qualcomm
watches, to bathroom scales and sensored sports equipment such as
bicycles and basketballs.
Realcomm actually first made reference the IoT in a 2002 article,
Connecting Buildings and Processes to the Net. In this article we
described how all electrical/mechanical devices found in a building
would be connected to the network, their data normalized and secured,
and then that data parsed off to third parties, where it would be
processed in an analytics engine and ultimately involved in complex
business and machine process automation.
To clarify and further define how the IoT is going to impact the
commercial, corporate, government and institutional real estate
industries, we decided to add a “B” to the acronym for BUILDINGS. The
BIoT™ stands for BUILDINGS Internet of Things™ and allows us to focus
on all the components in a building that could be connected to the
network (the Internet) for the purpose of creating operational
efficiencies, reducing energy consumption, improving occupant
experiences (DAS to security), achieving sustainability goals, and
effectively optimizing financial performance (increasing NOI and
subsequently value).
When you consider the various equipment or devices found in buildings,
the list is daunting. HVAC, lighting, security, lifts, AV,
communications, parking, utility meters, vending machines, energy
management, water management, landscaping/irrigation, digital signage
and voice and data are the major categories, but by no means do these
encompass all the different types of devices and elements you might
find in a building or portfolio, especially at campus or city scale.
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The big question is what are the benefits of including BUILDINGs in the
IoT discussion? The answer is multi-faceted. The BIoT™ is actually the
next generation of open, integrated, open architected, IP-centric
smart, connected, high performance, sustainable, energy efficient,
operationally efficient, green, Intelligent buildings we have been
discussing for over ten years. The reason that it is important to
transform our existing building stock and build all new buildings to
these smart buildings or BIoT™ standards is quite simple. We want to
operate buildings in the most cost-effective manner, save energy, be
good stewards of our resources, make sure the occupants are safe and
happy, and ultimately achieve a more profitable enterprise.
This new way of thinking about real estate, overlaying an IT network,
connecting all our traditionally unconnected equipment, monitoring,
analyzing and controlling business processes (integrating with ERP’s)
without much human intervention, will lead to much better managed
assets, which translates to happier occupants and improved finances.
We are excited about embracing this new concept of the IoT, adding our
“B” (BUILDING) and continuing to be an integral part of the commercial,
corporate, government and institutional real estate transformation.
If interested in this topic, you will not want to miss IBcon 2014!
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