Blog

Remote or hybrid work culture is becoming a new reality for corporations. As startups continue to thrive in India, making space for freelancers, independent contractors, and solopreneurs, the need for a workspace is growing further.

The retail market is growing globally. Considering the figures, global retail sales are estimated to reach $26 trillion by the end of 2022. The projected retail market growth in the Gulf Co-operation Council (GCC) to reach $308 billion by 2023.

The need for intelligent buildings is constantly rising. By the end of 2028, the smart building market is expected to hit 265.37 billion. The Internet of Things (IoT) plays a massive role in creating intelligent buildings! 

Till today, most commercial real estate (CRE) companies rely on manual methods to collect and analyze data to manage building temperature, lighting, and maintenance schedules.

Energy consumption of conventional HVAC systems and lighting is going high in buildings, especially post COVID-19. It is the reason why smart building technologies such as building automation systems are increasingly adopted.

Buildings account for 40% of global energy consumption and 33% of greenhouse gas (GHG) emissions. Optimal and sustainable utilization of energy is crucial. Fortunately, the rise of IoT technology is making this vision possible.

The air quality is getting worse day by day, especially in cities due to emissions from industries and urban transportation. It’s crucial to keep air pollution levels in check and take necessary actions to combat these pressing matters.

As a building owner, you must want your facility to run at its maximum capacity. However, ensuring this goal becomes a challenge with a traditional building management system (BMS).

Retrofitting existing buildings offers significant opportunities to reduce global energy consumption and greenhouse gas emissions. Moreover, green buildings are 14% less costly to operate than traditional buildings and increase the asset value of buildings by more than 9%. And IoT plays a significant role in turning a building into a smart & green one.