• About
  • Subscribe
  • Contact
Wednesday, May 31, 2023
    Login
FutureIOT
  • Technology
    • Sensors and Instrumentation
    • Devices
    • Cloud and Platforms
    • Research and Development
    • Governance, Standards and Regulations
    • Application and Middleware
    • Security
    • Big Data and Analytics
    • AI and Machine Learning
  • Industry
    • Manufacturing
    • Transportation and Logistics
    • Retail and E-commerce
    • Banking and Financial Services
    • Government, Healthcare and Education
    • Industrial
  • Application
    • Smart Cities
    • Future Workplace
    • Commercial
    • Smart Home
    • Customer Engagement
  • Resources
  • Podchats
  • Videos
  • Events
No Result
View All Result
  • Technology
    • Sensors and Instrumentation
    • Devices
    • Cloud and Platforms
    • Research and Development
    • Governance, Standards and Regulations
    • Application and Middleware
    • Security
    • Big Data and Analytics
    • AI and Machine Learning
  • Industry
    • Manufacturing
    • Transportation and Logistics
    • Retail and E-commerce
    • Banking and Financial Services
    • Government, Healthcare and Education
    • Industrial
  • Application
    • Smart Cities
    • Future Workplace
    • Commercial
    • Smart Home
    • Customer Engagement
  • Resources
  • Podchats
  • Videos
  • Events
No Result
View All Result
FutureIOT
No Result
View All Result
Home Application IT-OT integration

Four digitalisation action items for building operators

FutureIoT Editors by FutureIoT Editors
January 2, 2023
Photo by Pixabay: https://www.pexels.com/photo/architectural-design-architecture-building-cityscape-358499/

Photo by Pixabay: https://www.pexels.com/photo/architectural-design-architecture-building-cityscape-358499/

Increasing industry convergence and the emergence of innovative technologies are revolutionising the global building management system (BMS) industry.

Frost & Sullivan’s recent analysis of the global BMS market reveals a need to ensure occupants’ safety and comfort encourages BMS market participants to focus on the digitalisation of buildings. The global market for BMS will likely reach $5.15 billion by 2026 from $3.52 billion in 2021, witnessing expansion at a compound annual growth rate (CAGR) of 7.9%.

“The need to manage buildings remotely is increasing post-COVID-19 and demands the convergence of advanced analytics, artificial intelligence (AI), and emerging technologies with BMSs,” said Viswesh Vancheeshwar, energy, environment & sustainability industry principal at Frost & Sullivan.

Viswesh Vancheeshwar

“The health, wellness, comfort, and business productivity of occupants are driving change in buildings’ status quo. Further, the rising demand for energy-efficient and sustainable buildings, coupled with the need for simplified and effective building operation and maintenance, catalyse the market growth.”

Viswesh Vancheeshwar

Action items for market participants

  • Incorporate AI and machine learning (ML) into digital twin platforms and align digital twin solutions to promote sustainability and net-zero buildings.
  • Integrating BMS with the Internet of Things (IoT), AI, augmented reality (AR), and virtual reality (VR) as the use case for these technologies in buildings is strengthening rapidly.
  • Consider certifications that favour BMS as an integration hub connected to intelligent technologies and systems using IoT, AI, and cognitive analytics at the edge.
  • Work with property developers and commercial real estate companies to offer integrated BMS solutions that target green/sustainable building developments.
Related:  Singaporeans get round-the-clock telemedicine service
Tags: building management systems (BMS)Frost & Sullivan
FutureIoT Editors

FutureIoT Editors

No Result
View All Result

Recent Posts

  • Why Shanghai is number one smart city in 2023
  • ABI Research reveals obstacles to 5G monetisation in the enterprise
  • LTE and 5G fuel wireless WAN market
  • IDC outlines FoW spending in APeJ
  • Secure remote access: awareness is high, confidence is low

Categories

  • Agriculture
  • AI and Machine Learning
  • Application
  • Application and Middleware
  • Automotive
  • Banking and Financial Services
  • Big Data and Analytics
  • Blockchain
  • Case Studies
  • Change Healthcare
  • Cloud and Platforms
  • Commercial
  • Construction
  • Consumer
  • Customer Engagement
  • Devices
  • Future Workplace
  • FutureCFO
  • Governance, Standards and Regulations
  • Government, Healthcare and Education
  • Hospitality and Tourism
  • Industrial
  • Industry
  • IT-OT integration
  • Manufacturing
  • Networking
  • Research and Development
  • Retail and E-commerce
  • Security
  • Sensors and Instrumentation
  • Smart Cities
  • smart contracts
  • Smart Home
  • Start-ups
  • Technology
  • TIBCO
  • Transportation and Logistics
  • Uncategorized
  • Videos
  • Whitepapers

About FutureIoT

Asia’s ONLY dedicated IoT publication

The race to harness the power of Internet of Things (IoT) is here. FutureIoT is dedicated to individuals, as well as public and private organizations looking to tap the potential of IoT to transform the way we live, work and do business. FutureIoT is the dedicated media that provides the single source of truth about IoT, the technology, its application and regulation, originating from Asia. << Read more >>

Quick Links

  • Subscribe
  • Contact
  • Privacy Policy
  • Cookie Policy
  • Terms of Use

Categories

Recent News

Photo by Ágoston Fung: https://www.pexels.com/photo/lighted-buildings-during-nighttime-near-body-of-water-2227942/

Why Shanghai is number one smart city in 2023

May 31, 2023
Photo by Z z from Pexels: https://www.pexels.com/photo/5g-metal-sign-under-wire-construction-6200343/

ABI Research reveals obstacles to 5G monetisation in the enterprise

May 31, 2023
  • Privacy Policy
  • Terms of Use
  • Cookie Policy

Copyright © 2022 Cxociety Pte Ltd | Designed by Pixl

No Result
View All Result
  • Technology
    • Sensors and Instrumentation
    • Devices
    • Cloud and Platforms
    • Research and Development
    • Governance, Standards and Regulations
    • Application and Middleware
    • Security
    • Big Data and Analytics
    • AI and Machine Learning
  • Industry
    • Manufacturing
    • Transportation and Logistics
    • Retail and E-commerce
    • Banking and Financial Services
    • Government, Healthcare and Education
    • Industrial
  • Application
    • Smart Cities
    • Future Workplace
    • Commercial
    • Smart Home
    • Customer Engagement
  • Resources
  • Podchats
  • Videos
  • Events
Login

Copyright © 2022 Cxociety Pte Ltd | Designed by Pixl

Login to your account below

or

Not a member yet? Register here

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In