The Internet of Things (IoT) has a great impact on various businesses. It automates processes without creating a need for human interactions, the reason why its utility is slowly increasing in several industries. From retail stores to manufacturing plants, almost every sector is leveraging IoT technology! 

The IoT-powered building automation system (BAS) is revolutionizing the way facility operates on a day to day basis. It reduces energy consumption in buildings, enhances occupants’ comfort, and manages building operations effectively. According to markets and markets research, the BAS market is expected to reach USD 148.6 billion by the year 2027 from USD 86.8 billion in 2022. It means it is estimated to grow at a CAGR of 11.4% from 2022 to 2027. 

Role of IoT-powered building automation across verticals

IoT as a disruptive technology has an immense impact on distinct industries. It can optimize building operations to a great extent.  Most industries are making intelligent use of the Internet of Things (IoT) to reduce costs, maximize productivity, and increase revenue. 

The demand for IoT-powered building automation is constantly increasing with the growing need to reduce energy consumption and maintenance costs. Nearly all types of industries can benefit from IoT to streamline their production and manage their customer experience. It’s affordable, efficient, and easy to maintain! 

Verticals where the application of IoT-powered building automation makes sense

The Internet of Things (IoT) comes with powerful advanced analytics and artificial intelligence capabilities that can completely transform the way building operates. The IoT-based building management system (BMS) can bring desirable benefits to industries.

 

  • Retail Stores

Currently, retail players face multiple challenges in building operations such as hefty electricity bills due to inefficient store operations, lack of visibility into asset health leading to unpredictable breakdowns, huge maintenance costs, and much more! 

IoT-powered building automation can solve these discrepancies smartly by increasing energy efficiency, reducing equipment breakdown, collecting valuable customer feedback, enhancing customer comfort, providing centralized visibility, and ensuring the safety of perishable goods. 

By deploying IoT solutions, retailers get insights that not only improve customer experiences but also increase overall profits. They can successfully digitize their brick-and-mortar stores to remain ahead of the curve. 

  • Hotels/Hospitality

IoT-based energy and asset management bring enormous benefits to the hospitality industry. It allows for automated monitoring that leads to a 5% improvement in cost efficiency, predictive maintenance of equipment, centralized management of multiple hotel properties, and achieve net zero goals.

  • Coworking Spaces 

Lack of occupant comfort and operational compliance are some of the common issues faced by co-working spaces. In addition to this, high energy costs, manual asset management, and no measures for COVID safety also account for irregularities in co-working spaces. 

IoT-based building automation helps in accomplishing energy efficiency goals and digitizing workplace management using a single platform. It helps in: 

  • Energy management through centralized monitoring and intelligent controls 
  • Occupant comfort by maintaining the optimum ambiance 
  • Centralized asset management 
  • AI/ML-based fault detection and diagnosis
  • Centralized workspace management 
  • Seamless integrations with third-party ERPs and systems 
  • Digital ticketing workflows with real-time notifications 
  • Manufacturing 

IoT-powered building automation enables multiple power-operated devices to digitally connect with a centralized gateway using wireless sensors and actuators. It gives plant managers the power to monitor and manage manufacturing plants efficiently remotely. 

It allows for: 

  • Monitoring of electricity board energy and solar energy consumption 
  • Automated reading of water consumption and gas flow meters
  • High DG run hours 
  • UPS maintenance 
  • Water flow detection 
  • Smart buildings 

IoT leaves a significant impact on the commercial, real estate, and construction industries. By giving rise to intelligent buildings, it focuses on cost reduction with more aligned priorities of property. 

Generating revenue opportunities and new levels of occupant comfort becomes way easy with the implementation of IoT in buildings. After all, it helps in: 

  • Energy management through intelligent controls 
  • Data-driven risk detection 
  • Temperature and humidity compliance 
  • Digital ticketing workflows with real-time push notifications 
  • Seamless integrations with third-party ERPs and systems 

The deployment of IoT in these sectors has created massive benefits for the stakeholders. Therefore, investment in smart IoT technology will bring more disruptions in almost every next big industry.

Get Zenconnect IoT solutions to transform your facility into a connected building

Incorporating IoT into existing initiatives allows industries to leverage the significant benefits of future innovations. Connect with Zenatix and implement smart IoT solutions in your facility Now! 


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