When we hear about the Internet of Things, the context in which it is mentioned is often related to the smart home or other consumer electronic applications, but what if we told you that much of the early traction in IoT is in the connected business or commercialization of IoT in connected buildings? Gartner, a leading market research and advisory firm, has recently released research showing that the adoption of IoT in commercial buildings will “eclipse” that of the smart home until 2017. Legacy building automation (BAS) and management systems (BMS) have been around for years, but for the first time, property managers now have the ability to access their systems from a central location as IoT bridges the gap of these traditionally siloed systems. IoT is allowing for the optimization and improved efficiency of HVAC, lighting, fire & life safety, and security & access controls, not only saving money and reducing the time to market, but improving the health and comfort of the occupants.
Benefits for OEMs
OEMs servicing the connected business have traditionally been left on the outside looking in. However, IoT is enabling OEMs of connected business products access to data that has never been available, allowing them to build better products that are highly flexible and much more efficient.
Ability to provide user-centric and other premium services to increase device efficiency and or occupant health & comfort
Benefits for Consumers
Building automation and management systems have been around for years, but IoT stands to change everything. Property managers will be able to finally access and manage all of their systems from a central point, but more importantly, adapt with the systems of today and tomorrow.
Connected Business Use Cases
Lighting, like many other commercial use cases brought about by IoT, stands to benefit not only from increased efficiency, but the ability to offer additional functionality that is only available through the close integrations with other systems. Property managers can now better utilize lighting to optimally illuminate a space as well as provide invaluable security and life safety services that have never before been possible, until now.
As one of the integral components of any connected building, HVAC, with its abundance of controllers, thermostats, and sensors,possesses a wealth of potential. Whether if it’s the ability to more accurately heat and cool specific zones of a building based on occupancy or leveraging the expertise of a 3rd party service provider to reduce peak loads, IoT opens the door to a number of great opportunities.
Security & Access Controls
When talking about connected buildings, the market tends to focus on efficiency, but what about security & access controls? We would argue that this segment is one of the, most important use cases around connected buildings and stands to benefit the most from the IoT. Property managers can now easily detect intruders, help locate occupants, and manage user access from anywhere, without the need for costly installation or maintenance.
The Increasing demand for HVAC equipment brings increasing demand for efficient and effective control. HVAC accounts for nearly 40% of the electricity used in commercial buildings so improved control will provide significant reduction in energy usage, cutting unnecessary costs and increasing return on investment.Download PDF