Commercial buildings, from large skyscrapers to residential multi-dwelling units, present an important opportunity for the emerging collection of technologies and automation known as the Internet of Things (IoT).
There has been much in the news about the healthy forecasts for the IoT overall. Smart building researcher Memoori has projected the IoT market for commercial buildings to grow 25 percent annually from $22.93 billion in 2014 to more than $85 billion in 2020.
The commercial Building Internet of Things (BIoT) has matured from being an interesting concept to a “must-have” business resource. In the construction industry, becoming familiar with the trend is helpful because IoT technology will apply directly to a growing number of key operational aspects of the commercial building space. In short, the construction industry needs a concise view of the emerging role of BIoT for the automation of critical tasks, monitoring and analytics, and making available complete and real-time views into entire operating environments.