A look back at the key themes and discussions from Monday Live! in 2024
This year, Monday Live! has been a hub for insightful discussions on the evolution of smarter buildings. From exploring the core technologies driving change (OT, IoT, and AI) to grappling with the challenges of integration, business models, and the role of software, we’ve covered a lot of ground.
Here’s a recap of the key themes that emerged:
- The evolving technological landscape: We delved deep into the roles of Operational Technology (OT), the Internet of Things (IoT), and Artificial Intelligence (AI) in shaping smarter buildings. This exploration highlighted the increasing importance of software and its potential to revolutionize the industry.
- Business models and value propositions: Discussions centered around the shift towards “buildings as assets” and the need to demonstrate clear value propositions to stakeholders, including investors and end-users. The “system of systems” concept underscored the challenge of integrating disparate technologies for optimal performance.
- The rise of software: The year culminated in a focus on software’s pivotal role in driving innovation and efficiency in the built environment. This sparked conversations about open-source solutions, cloud-native platforms, and the potential for Software as a Service (SaaS) models.
- The SaaS challenge: While SaaS models are gaining traction in other industries, their adoption in the building sector faces hurdles. The prevalence of hardware-centric solutions and the need to demonstrate long-term value to customers pose significant challenges.
Looking ahead:
As we move into 2025, Monday Live! will continue to explore these themes and push the boundaries of what’s possible in the world of smarter buildings. We’ll delve deeper into the potential of SaaS, experiment with new business models, and seek ways to align the industry around a shared vision for the future.
This sense of anticipation and the rapid pace of technological change set the stage for exciting developments in the smarter buildings industry. Join us next week as we look ahead to 2025 and discuss the trends and opportunities that lie ahead.
This blog post is based on the December 4th, 2024 Monday Live! discussion. To listen to the full conversation, visit [link to recording].
