Good Day All,
The Internet of Things (IoT) is the next technological revolution. If you’re not familiar with the term undoubtedly it’s already changing your life. The IoT refers to the embedding of senors and computers into more and more aspects of our lives. For example, virtually all of us have a smartphone. Many of us wear fitness tracking bracelets like Fitbit. All of this data being fed into other devices to enrich our lives. How does this effect CRE? Think of all the new building automation systems and services that are out there. JLL’s Integrated Facilities Management on Demand service is one such example. But there are also more self driven products like Honeywell’s Smart Building Technology which provides the owner with detailed analytics about the assets performance. While many still say the true IoT is still years away, it is very much the way of business today. Check out the links and let me know your thoughts and opinions on the IoT in the comments.
–Derek