ITWeb Africa April 2020

New applications and the introduction of new technology in smart buildings is expected to grow at 32% per annum to create more than $2 billion in revenue by 2026.

This is the estimate by global research company ABI Research in a report released earlier this year.

“There is growing interest from building managers, property developers and occupants of buildings to drive efficiencies and deliver a new kind of work environment. IOT technology is ideally suited to provide that,” says Terje Moen, Co-Founder and Business Development: Operations at IoT.nxt.

Moen notes the scope beyond management of HVAC, access control and lighting is big. Building owners and managers can now improve the operation of a building by introducing:

  • Workspace analytics and optimisation;
  • Meeting rooms and hot desk utilisation and optimisation;
  • Environmental monitoring;
  • Energy management;
  • Asset management; and
  • Building management.

In South Africa, IoT.nxt developed a smart building solution for Vodacom at its campus in Midrand and completed a large-scale smart building for Vodafone in Paddington, London, last month.

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