"The benefits of “smart” technologies and operations for design, construction, and ownership/operations are now inescapable."
If you haven't thought about how power-over-Ethernet (POE), LiFi, edge computing, or 5G will impact the future of buildings (or if you're scratching your head wondering what these are) this article is for you.
While connectivity represents a substantial opportunity for both incumbent infrastructure companies and new tech-focused entrants, they need to act quickly. Many players are already attempting to establish themselves as leaders in the connected building space, so competitors that delay may never regain their lost ground.
Aside from giving the reader a good understanding of where connected buildings are headed, this McKinsey paper challenges software, hardware, building owners/occupants, and service providers to think about what role they will play in the evolving value chain.
Among other things it predicts:
- As building technologies increasingly focus on human outcomes over efficiency and cost savings, making the business case and measuring results will become more difficult.
- The security/privacy challenge will multiply as hardware and software solutions increasingly talk to one another.
- The value proposition will vary greatly across owners/occupants. This will force vendors to offer a menu of choices and step-wise implementation options.
- The C-suite will increasingly become the sales target as only they will be in a position to appreciate the value of holistic solutions.
- Successful building hardware and software providers will buy, build, or partner with other value chain players to offer end-to-end solutions.
The paper ends with recommendations for what industry players should be doing, right now, to ensure their survival in the coming years.
Would you be comfortable if your employer tracked how long it’s been since you spoke to a co-worker?
Some estimates say up to 15 percent of Fortune 500 companies now use sensors of some sort.
I'm not going to answer my own question here, but I do wonder who gets to make the decisions about what's okay and what isn't. My read, based on all I've read, is that there is no "governing body" looking at this? Who should it be?
"The $16 billion company is looking to gather a slew of data on its members to guide how it designs its spaces."
Think of it as a living lab except the, um, rats are humans. That sounds snarky but I really think the idea is a good one. This kind of thing has been used for decades in retail.