Digital Transformation and Market Evolution
Building owners are realizing that the metrics they use to evaluate the assets in their portfolios are changing. Shifting customer demands, climate change mitigation and sustainability goals, power reliability and resilience concerns, and budget constraints are driving demand for intelligent building solutions. Navigant Research suggests that 2017 is a tipping point in which building owners and key decision makers will accelerate investments in intelligent building solutions that embody the technology foundation of digital transformation. The scalable, secure, and open platforms of these solutions are generating cost savings, providing energy efficiency and sustainability improvements, and enhancing occupant satisfaction.
The rapid deployment of cost-effective data acquisition devices and the integration of IT and traditional building automation and controls are changing the industry of facilities management. This network-addressable, IT backbone is generating continuous data streams associated with building operations. An evolving menu of software analytics and energy management services is leveraging this data to provide actionable insights for efficiency and optimization. The result is the development of intelligent buildings that are dynamic systems managing energy consumption for efficiency and non-energy business improvements.
This Navigant Research white paper presents the top 10 trends for the intelligent buildings market in 2017 based on recent Navigant Research syndicated research report findings and ongoing technology investigations. It focuses on evolutions in technology, delivery models, and customer demand that are building the thrust for the digital transformation of commercial buildings. The paper presents the major market issues driving investment in intelligent building solutions, as well as the business case and opportunities associated with various intelligent building solution areas.