With the invention of the elevator and the development of the world’s first sky scrapers, buildings and building systems became larger and more complex and building automation was born to automate and control individual building functions. While some systems for the residents of luxury homes have been created to automate some experiences in recent decades, relatively speaking the entire idea of automating the home has been something of science fiction until quite recently when startups entered the market with connected objects that could be automated such as thermostats and lights. Because of this head start, commercial real estate operators recognize and understand building automation while home automation is relatively foreign to home owners.
Home automation is just cutting its teeth with devices such as Nest and Philips hue, while Building Automation Systems or BAS have already developed offspring, BMS or Building Management Systems which network together multiple BASs and the BEMS or Building Energy Management Systems that use info from BMS and BAS along with information from utilities, information from the utility provider and even weather information through APIs to create a holistic energy management system that incorporates disparate variables into a cohesive energy management system.
One might be thinking that with all of this, a building is already ‘smart’ or a part of the Internet of Things or IoT. Based on some definitions of IoT, this might actually be the case. But stunning entrepreneurs and a select number of savvy investors believe that deploying hundreds of additional sensors in buildings will generate millions of data points that will actually create millions of dollars of value by harnessing the power of analytics to arrive at insights that will change the way owners, operators and facilities managers understand and operate their buildings. Changes, savings and value generation will come in energy and operations as well as in other areas, like understanding and optimizing space utilization.
Smart buildings will be the center of the discussion on the most interesting panel discussion on commercial real estate technology the world has seen, and it will be held in Silicon Valley at SRI a place known for producing innovation. More on the event can be found here: https://www.vlab.org/events/smart-buildings/