Because the technologies in the building industry are more business driven than research oriented, they are likely to benefit from technological advancements taking place in other areas also. Overall, a building's degree of intelligence is likely to depend on the extent to which there is a consensus to include various available technologies. Hence, building technologies are set for further growth with embedded intelligence, leading to excellent comfort levels, state-of-the-art security, optimized operational costs, and exceptional smartness.
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"IB improves the building environment and functionality for occupants while reducing operational costs," notes Technical Insights Research analyst Ankit A. Shukla. "Technological advancements coupled with falling prices provide the optimum solution for owners, in addition to offering benefits such as a higher return on investment, return on asset, as well as better value and leasing opportunities for buildings."
Implementing the IB concept leads to a reduction of both cost and energy usage. Significant enhancement in energy efficiency is one of the major issues that companies can appropriately address using an IB solution. Users can also experience a significant enhancement in energy effectiveness and a successful energy management system ensures minimized energy wastage by managing the occupied space.
On the system integration front, the existence of proprietary solutions is posing hurdles for the acceptance of new technologies in this field, such as IT and wireless sensors. The underlying basis of IB is to integrate disparate systems on a common infrastructure by bringing together individual functional superiorities, thus improving the building quality from both the end users' and the owners' perspective. Nevertheless, the numerous applications of these technologies, along with the gamut of advantages and expertise they offer, play a significant role in developing superior solutions for building automation.
The future challenge is in developing applications that suit the building automation space on all fronts, and this approach is set to increase investment opportunities for advanced, next-generation integrated building systems.
"However, a key concern for IB solution providers is the presence of numerous unclear aspects, such as financial and operational benefits, which remain unnoticed due to inadequate awareness," points out Shukla. "Thus, while advanced technical solutions are present in the market, the demand for them is low."
Building maintenance personnel, constructors, architects, and owners have little awareness pertaining to the advantages of IBs. There is also certain ambiguity about the roles individual groups have to play to realize these options completely. In addition, poor education and limited technical expertise also contribute to unsatisfactory building performance. Hence, it becomes crucial to reconfigure and monitor changes in a building automation system.
This scenario demands a common infrastructure that can tackle the issues affecting attributes such as flexibility, scalability, and expandability. Further, education of the various groups involved in a building is the best solution to the problem of low acceptance of the IB concept.
Intelligent Building Systems and Technologies is part of the Environmental and Building Technologies vertical subscription service. It also includes research in the following markets: wireless sensors in building automation and North American building automation system protocol analysis. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants. Analyst interviews are available to the press.
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