To say there is a buzz around Internet of Things and its potential for use in the commercial buildings industry would be an understatement. Intelligent buildings with the capability to use web interconnectivity to keep elevators running smoothly, push instant alerts from survelliance cameras and operating HVAC systems at correct temperaturess, all can make an FM’s life much easier—but how much easier exactly? A recently completed report takes a look at just that.
The Continental Automated Buildings Association (CABA) announced that it has completed its Intelligent Buildings and the Impact of the Internet of Things research project. The study is a major initiative of the CABA Research Program, which offers a range of opt-in technical and advisory research services designed to provide industry stakeholders with collaborative research and R&D opportunities.
The CABA Intelligent Buildings Council, a core working council of CABA, commissioned the landmark research project to examine the impact of IoT related to intelligent buildings.
IoT is seen as an important tool that will ultimately improve the efficiency of building automation systems (BASs) and change the dynamics of facilities management.
The research report provides actionable data relevant to all segments of the intelligent building value chain, including, but not limited to: building owners, technology manufacturers, builders and developers, integrators and installers, service providers, insurance companies, industry associations and utility companies.
“CABA believes that it is critical that organizations in the building and IoT value chains have a solid understanding of the current state and future direction of the building IoT market,” says Ronald J. Zimmer, CABA president and CEO. “Consequently, we developed this research to provide a comprehensive examination of all the major aspects of IoT related to buildings, including the state of the market, building IoT trends, business opportunities, technical barriers and opportunities, future market direction, issues and industry recommendations.”
Findings in the report show IoT is not a specific device or technology, but is a conceptual framework, driven by the idea of embedding connectivity and intelligence in a wide range of devices. The report projects that by the end of 2025, there will be approximately 70 billion IoT-connected devices, and that annual shipments will have reached 18 billion devices per annum.
More information about the Intelligent Buildings and the Impact of the Internet of Things research project, conducted by information and analysis provider IHS Markit on behalf of CABA, is available on the CABA Web site, along with an introductory Webinar, a downloadable PowerPoint presentation, and the names of CABA members that funded the study.
The report will be available for purchase in the near future.