Research and Markets - Opportunities for Internet of Things (IoT) in Smart Buildings

Accelerating adoption of IoT in building management will change the market dynamics of smart buildings as a result of the low prices of IoT-based components and availability of advanced integrated software solutions. This will maximise operational and energy efficiency, enhance innovation, develop remote services more easily, and create new and valuable insights for end users. The development of flexible and cost-effective cloud-based applications that convert green and smart data into a decision-making platform for smart buildings is essential to extract the full potential of IoT.

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Adoption of Internet of Things (IoT) in building management will change the market dynamics of smart buildings because of low prices of IoT-based components and availability of advanced software solutions.

Solving issues related to data privacy, security, and interoperability of devices with wireless protocols is the key to surpassing the smart building industry's IoT expectations.

[an error occurred while processing this directive]Development of flexible and cost-effective cloud-based applications that convert green and smart data into a decision-making platform will help extract the full potential of IoT.

IoT plays a significant role in shaping the future of building automation systems, as it reduces the infrastructure and operating costs of a building through improved centralisation and the zero-retrofit process.

Cross-industrial partnerships between building technology providers and IoT providers are essential to demonstrate pilot models and develop scalable technologies.

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