Smart building applications are leading the way in terms of IoT adoption, according to US-based Continental Automated Building Association (CABA).
Citing the example of the Morgan Stanley building in New York used smart lighting systems to save US$1.28m on energy, the association attributed the growing interest in building automation to the global financial recession, reports mobile industry news site RCR Wireless.
CABA stated in its 'Life Cycle Costing of Intelligent Buildings' that: “Budget curtailments that followed the recessionary conditions post 2007 in North America, and its cascading effect that was felt globally, indirectly exerted a significant push on the adoption levels of these [smart building] techniques.”
The association said the core objective of the research is to identify what needs to be done, and by whom, to make life cycle costing a mainstream criteria for building system evaluation in North America.
‘Zero net’ smart building
CABA has also published reports showing that clean energy and efficient building management make it possible to make buildings “energy neutral”, reports RCR Wireless reports.
Zero net buildings would have the ability to produce as much energy as they consume.
“Efficiently and effectively managing the IoT systems of what is basically a small city can be daunting.
"It isn’t just private structures comprising this trend, train stations, airports, oil refineries and nuclear power plants also benefit from the efficiency realised by automation.
“This has created an increased demand for effective data management for the sea of IoT data,” concluded RCR Wireless.