Smart buildings are the building blocks that will enable society’s digital transformation. This revolution will leverage data from myriad devices to bring new insights and enable new products and services. Around the globe, the smart buildings technology market will explode 16.1% over the next five years from a 2018 market size of $30.5 billion.
When we talk about smart buildings at the most basic level, we mean a facility with advanced automation and integration to monitor and optimize facility operations and maintenance. This internal platform can monitor energy consumption, optimize heating and lighting, track building property and improve security. Most of these internal functions of smart building management pertain to energy consumption and efficiency. In a smart building, sensors gather data and send it to computer systems that manage and react to the data according to prescribed rules. For example, smart elevators predict and respond to usage patterns, while safety monitors with smoke sensors can automatically alert the fire department.
Beyond this internal platform, smart buildings are the part of the critical infrastructure of smart cities. A smart building could be a broadband hot spot for law enforcement or a platform for traffic cameras. Data collected by individual smart buildings can optimize energy use and reduce carbon footprints. As smart buildings increasingly connect to become larger smart communities, the benefits of digital transformation will grow exponentially.
Smart buildings support sustainable growth by helping cities to meet environmental goals and to establish essential communications infrastructure. The technology will help cities attract businesses, citizens and tourists. Connectivity will improve for people within or even near smart buildings, bringing the potential to impact one of society’s greatest challenges — closing the digital divide.
Smart building growth will take place as policy development, investment strategy and technology deployment align. Cities seeking the intelligent, sustainable infrastructure that the future demands will arrive at one solution: smart buildings.
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TIA’s Smart Buildings Program is developing a common framework for the smart buildings ecosystem that unites connectivity, interoperability, communications, and capacity to create a scalable foundation for creating the smart city.