Cost savings, security, and operations & maintenance improvements have always been some of the major challenges for building owners. With increasing investments in IoT and intelligent building solutions, facility managers are now able to connect various assets and visualize data that provide improved visibility into building operations and performance than ever before.
"The global ‘IoT for intelligent buildings’ market is set to surpass $22 billion (£17.5bn) in 2026, up from $6.3bn in 2017, according to a new paper from Navigant Research."
In this webinar, our IoT experts will discuss how IoT-powered smart building solutions are creating a new paradigm of connectivity and disrupting the real estate and engineering industry. While real estate companies around the world are facing competitive pressure to join the crusade to automate buildings, we will show how you can make the most of the opportunities posed by IoT.
The following are the answers to the questions that were asked during the live webinar.
Answer 1: We are in process to connect our current system with AI and cognitive services. But our team is already working on AI and machine leaning programs to build various solutions.
Answer 2: To enable communication between assets, we require devices that support high bandwidth to transmit data frequently to cloud services. In some case, we use cellular 3G/4G connections where Wi-Fi connectivity is not available.
Answer 3: There are numerous application areas, and they vary from one customer to another. The most common use cases within smart buildings projects are equipment monitoring and space management:
Answer 4: You can implement the smart building solution in your existing or new construction. We just have to utilize IoT-enabled latest systems which send data to the cloud system so that a building owner can use a data analytics tool and visualize the current situation to take actions accordingly.
Answer 6: The cost will depend on various parameters like external systems, sensors, hardware, protocols etc. Moreover, it will also differ from vendor to vendor.