The overgrowing smart building technology has had a huge impact on the facilities management market than any other technology ever had. In fact, according to the recently published market research report, smart building technology has already become a multi-billion dollar market which is just a beginning. Moreover, it is predicted to rech further to around $105.8 billion dollars by the end of 2021. But what is smart building and why is it growing so fast?
A smart building uses modern technology to automate the building management operations like safety, air purification, ventilation, leakage detection, security, and other systems. A smart building uses loT sensors with powerful AI to collect data and process it according to the need of business functions.
The creation of a Smart Building
There are no set standards that make a building smart; however, the most common thing in all smart buildings is “Integration.” Even the buildings without modern infrastructure can be transformed into a fully digitalized or smart buildings.
You don’t to completely renovate or move from your old office building to a smart building. All you need is to install small building automation systems or ask any smart building service company to transform your old building into a smart one.
From improving the efficiency of occupants or employees working in the building to energy saving and cost reduction, there are many benefits that smart building technology provides. Some other amazing benefits of smart buildings are;
1. Building’s Expenditure Control
The smart building uses powerful IoT AI censors that connect all the systems that exist in the building. Also, it monitors everything and creates a report of it. That allows the building owner to control the building expenditure easily. Like you can reduce the energy or money spent on heating, water, lightning, etc.
2. Environmental Impact
Companies are more concerned about the environmental impact than ever. They are spending a huge sum of money on reducing the environmental impact. A small building system provides control of any environmental impact of the building. So, you can monitor and take necessary measures to reduce it.
3. Enhanced Decision Making
Smart buildings send all the received data and analytics to a common or centralized platform. Anyone with access to that platform can easily visualized building behavior and any required adjustments that enhance and make decision-making very easy.
Smart Building systems connect the building to a smart grid that makes it more sustainable and efficient. The smart grid can control lighting, temperate, and every other facility of the building according to business functions, needs, and services.
How can it help you?
If you’re a business or a building owner. In that case, this infrastructure can increase the efficiency of your building, improve its reliability and performance while minimizing energy wastages and reducing the environmental impact of your building.
Technology is continuously changing business operations, and it keeps changing over time. So, it’s important to take note of such facilities and embrace them to get a competitive edge and success.