The importance of the IoT within the sector – The Property Chronicle
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The importance of the IoT within the sector The applications of new technologies in your building system can have endless possibilities.

Technology

The Internet of Things (IoT) is a network of interconnected devices or systems, which communicate and share data with other smart devices. The IoT is all around us—and it’s connecting our phones, computers, cars, and homes. It allows us to access the information we need and to make informed decisions based on real-time data and enables us to personalize and control systems that we couldn’t previously.

For buildings, the introduction of the IoT—smart systems and devices interacting with other data sources—is redefining the role of commercial property. From lighting controls to concierge services, the applications of new technologies in your building system can have endless possibilities.

Integrating real-time information from multiple systems and data sources, a smart building is embedded with the intelligence to respond, adapt and optimize based on real-time conditions and needs. 

This continuous data exchange allows buildings to drive transformational outcomes across three major areas:

1. IoT has a significant impact on energy efficiency

IoT plays a key role in capturing the energy consumption pattern of systems and can initiate predictive maintenance to ensure smooth operations. It can be implemented to automate building maintenance services, enabling users to track operations of machines like elevator, HVAC system and lighting system by collecting data like operating time, idle time, and maintenance cycle.






Technology

About James Fenner

James Fenner

James Fenner is founder and MD of Silk Road (www.wearesilkroad.com) and Co-Founder of Optim. He set up Silk Road four years ago to shake up the property marketing landscape. Previously James’s only property experience was running the marketing for the highly successful Fitzroy Place scheme. In the 15 years prior he worked with brands such as: Coca-Cola, Levi’s, Citibank, Schweppes, Southern Comfort, Habitat, Audi, Volkswagen, Rio Tinto and Unilever. He brings knowledge of how other sectors work to property, endeavouring to haul it into the 21st century.

Articles by James Fenner

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