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Intelligent Buildings: How Will Technology Change the Market Trajectory?

By Construction Tech Review | Tuesday, November 17, 2020

Intelligent buildings have chief brand benefits, as real estate owners can distinguish their assets as top-notch, occupant-centric spaces. The technology brings comfort, customization and facilities aimed at enhancing efficiency (think space utilization, way-finding, heating conditions, and tailored lighting).

FREMONT, CA: The finances of building owners are altering in the era of digital transformation and climate change. Information is the new course of value creation arising from an investment in digital technologies that attract to the demands of executives and occupants.

There are three key industry trends for intelligent buildings that will change the trajectory for market development moving forward.

1. Intelligent Building Investment Will Be a Precedence for Addressing the Climate Crisis

Valuable investments will become foundation as market leaders break ground on their decade-long expedition toward 2030 targets moving ahead in the year. Regardless of COP25 falling flat and cities sitting at a standstill, local governments and corporations are making significant paces in policy development. The message is shifting from climate change to the climate emergency, and there is a brand-new focus on action.

In the coming days, energy efficiency will become a fundamental proposition when partnered with intelligent building strategy. The reason includes:

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Intelligent buildings have chief brand benefits, as real estate owners can distinguish their assets as top-notch, occupant-centric spaces. The technology brings comfort, customization and facilities aimed at enhancing efficiency (think space utilization, way-finding, heating conditions, and tailored lighting). The occurrence is all made achievable by the same stack of analytics, automation, controls, and services, which optimize primary energy-consuming systems in the structures to deliver competences for building owners.

The real-time vision of intelligent building analytics becomes a crucial piece of the enterprise-wide efforts on sustainability and addressing the climate emergency by monitoring energy usage and tracking reductions over time toward 2030 targets.

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2. The Master Systems Integrator Business will Strengthen Market Leadership

The intelligent buildings market remains to grow and showcase investments by fortune 100 leaders that drive customer awareness and demand down market. The use cases are associated with core customer pain points around verticals, from healthy schools to well-organized healthcare staff to unified omnichannel shopping experiences.

For years, the decision-making, budgets, and knowledge of Operational Technology (OT) and in Information Technology (IT) (in building management think boilers, lighting, chillers, or elevators) have run in isolation. Investment choices for OT were considered planned and owned by mid-senior-level facilities administration or engineering staff. In the smart building construct, effective investment in these equipment decisions is not independent but part of a cohesive strategy to integrate with controls, sensing, and automation that will drive their operations according to insights obtained from analytics.

3. The PropTech Wave will Display an Infusion of Funding

PropTech is the group of digital technologies designed to buy, sell and manage real estate of which managing is crucial. The venture capital association has made PropTech one of the most extensive targets for funding with estimations of near $20 billion in 2020. Furthermore, those that showcase their IT prowess and extensive real estate value will reap the benefits of investors in the year.

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