AEC Technology Symposium 2015: The Biggest IoT Opportunity In Buildings Is Closer Than You Think

by Thornton Tomasetti

With five million commercial buildings in the U.S. alone, buildings represent a massive and growing opportunity. Consider that $35 billion was spent on commercial building automation in 2013, yet 94% of commercial buildings still don’t have automation technologies. Clearly, there is a huge disconnect – literally. Building technologies today are complex, highly fragmented, proprietary and largely disconnected from each other and from the Internet. As a result, for smart building technology to become accessible, cheap and ubiquitous, the emphasis needs to fundamentally shift from hardware to software. What’s possible when smart devices and their data are coupled with innovative cloud-based technology? We’ll share a future in which advanced collaborative technology connects hardware, software and people to transform the built environment.