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ThoughtWire 2019 Predictions: IoT Paving the Way for Smart Buildings

Industry executives and experts share their predictions for 2019.  Read them in this 11th annual VMblog.com series exclusive.

Contributed by Franco Castaldini, Chief Commercial Officer of ThoughtWire

IoT Paving the Way for Smart Buildings

The use of IoT devices, and IoT devices available on the market, show no signs of slowing down. According to Gartner, nearly 21 billion devices will be connected by 2020. As more devices become connected, the world as we know it will change. Smart buildings will lead the way for commercial real estate and workplaces alike. The buildings will become smarter and able to do more from comfort settings to security.

Take a sneak peek into 2019 with these three predictions for smart buildings:

2019 will be a year of experimentation for smart spaces.

Work has been evolving in recent years. The focus of smart spaces will be to accommodate a new way of working, with more remote work, digitally enabled work and flexible work. Workers need spaces that can adapt to their ever-changing priorities and needs. 2019 will continue to be a phase of experimentation as the tech giants of Silicon Valley lead the charge and discover what "smart" applications works and what may fall flat. Owners and operators will learn from these technology companies and adapt what works to a variety of tenants, not all of which are tech savvy, exploring the "smart" applications which drive adoption and ease of use with employees and give operators greater visibility in to operations.

Additionally, property owners will leverage use cases for preventing equipment failures and costly system replacements, responding to emergency events and automating routine workflows to mitigate initial technology investment costs.

IoT platforms that drive results will move beyond the trough of disillusionment.

With IoT Platforms squarely in the trough of disillusionment the next five years will need to show solid, easy to understand case studies that demonstrate the value of IoT. Over the next five years organizations are going to focus on data and outcomes enabled by IoT platforms and that focus will drive real results. Commercial real estate will reach large scale implementation of IoT applications that automate some tasks first, ahead of healthcare due its highly regulated nature. Harbor Research has noted four critical needs for IoT platforms as they evolve in 2019 and beyond, including:

-          Enablement of real-time temporal, spatial and state-based contextual processing

-          Providing tools for development of real-time, stateful applications

-          Simultaneous and asynchronous action on any type of information from any device, storage or streaming source

-          Configurable software platform architecture enabling both peer-to-peer and client-server distribution of services

Smart buildings move beyond their walls to connect with smart cities.

For smart cities to gain traction, we need to focus the agenda for smart cities toward smaller use case studies for improving areas like public safety and sustainability. That needs to start with connecting the information inside the built environment to a smart city context. Recently significant advances have been made to connect these built environments with the cities that surround them, particularly with sensors that connect buildings to existing infrastructure. The sharing of information between these smart buildings and smart cities has to happen through a common infrastructure, data standards and access models, prioritizing interests of citizens and businesses to improve city life and safety. In the near future, smart building technology will integrate with smart city services to save lives by automatically updating first responders on security lockdowns, building fires and medical emergencies. However, for smart cities to succeed, the deployments should focus on the intent of the technology and not on the technological capabilities to improve outcomes.

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About the Author

 

Franco is a veteran marketing, business development, and product strategy executive who has led high-growth go-to-market strategies for innovative startups and large global enterprises. He joins ThoughtWire from GE Digital where he led the commercial strategy for a high-productivity application development platform. Franco joined GE Digital with the acquisition of Bit Stew Systems, where he helped to position the company for rapid growth and their successful exit in late 2016 for $208 million. Earlier in his career, Franco was President of Leva Energy, a company he co-founded, which developed an innovative distributed generation system for industrial and commercial companies.

Published Thursday, January 31, 2019 7:42 AM by David Marshall
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