|By PR Newswire||
|August 28, 2014 08:36 AM EDT||
- Increasing partnerships between data analytics and building technology providers highlight the immense value big data can bring
LONDON, Aug. 28, 2014 /PRNewswire/ -- The convergence of next-generation IT solutions such as the Internet of Things (IoT), cloud computing, big data and data analytics will open up new business opportunities for both building technology and ICT companies. More importantly, these platforms are expected to become the pillars of smart building evolution in terms of technology, business value and customer satisfaction.
New analysis from Frost & Sullivan, Big Data as an Enabler for Smart Buildings, finds that urbanization, the connectivity and convergence of smart technologies, and communication between smart devices are the three big trends that will drive the development of the smart buildings industry.
"The ongoing convergence of operating technology and IT indicates that key technology advancements will gather pace in the fields of data analytics, cloud services and IoT," said Frost & Sullivan Energy and Environmental Research Analyst Anirudh Bhaskaran. "Big data, especially, will emerge as a more valuable delivery model owing to affordable upfront costs and lower resource usage."
In addition, big data provides an open platform that enables the integration of data from different systems. The technology's scalability is another crucial benefit that will underpin its value in the smart building space.
The integration of ICT and building technologies to satisfy the technical demand for big data and analytics applications will lead to new partnerships between data analytic and building technology providers in the near future. Tier I building technology participants, in particular, will welcome strategic alliances with data analytic vendors.
"Local government focus on technology, policy, economy and infrastructure will lend further momentum to smart building initiatives and, gradually, lead to their evolution into smart cities in the next 10 to 15 years," added Bhaskaran. "The BRIC countries – Brazil, Russia, India and China – are likely to invest strongly in smart buildings and smart cities due to expanding population, economic growth and rapid urbanization."
As a result, organizations involved in both big data and building technologies will be at the frontline of the smart building space when the two industries merge into a single platform.
For more information on this research, please email Chiara Carella, Corporate Communications, at [email protected].
Big Data as an Enabler for Smart Buildings is part of the Building Management Technologies (http://www.buildingtechnologies.frost.com) Growth Partnership Service program. This Market Insight discusses the mega trends driving big data in smart buildings as well as the ecosystem of next-generation information technology. Further, the Insight tracks the potential of big data and analytics as game changers in the smart buildings industry.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.
Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
- The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
- The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.
For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?
Corporate Communications – Europe
P: +44 (0) 20 7343 8314
M: +44 (0) 753 3017689
E: [email protected]
Cloud and datacenter migration innovator AppZero has joined the Microsoft Enterprise Cloud Alliance Program. AppZero is a fast, flexible way to move Windows Server applications from any source machine – physical or virtual – to any destination server, in any cloud or datacenter, using its patented container technology. AppZero’s container is also called a Virtual Application Appliance (VAA). To facilitate Microsoft Azure onboarding, AppZero has two purpose-built offerings: AppZero SP for Azure,...
Aug. 30, 2015 11:00 AM EDT Reads: 152
Organizations from small to large are increasingly adopting cloud solutions to deliver essential business services at a much lower cost. According to cyber security experts, the frequency and severity of cyber-attacks are on the rise, causing alarm to businesses and customers across a variety of industries. To defend against exploits like these, a company must adopt a comprehensive security defense strategy that is designed for their business. In 2015, organizations such as United Airlines, Sony...
Aug. 30, 2015 10:30 AM EDT Reads: 425
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
Aug. 30, 2015 10:30 AM EDT Reads: 859
Aug. 30, 2015 10:15 AM EDT Reads: 206
Aug. 30, 2015 10:00 AM EDT Reads: 326
Aug. 30, 2015 10:00 AM EDT Reads: 209
Aug. 30, 2015 09:45 AM EDT Reads: 177
Aug. 30, 2015 09:15 AM EDT Reads: 596
Aug. 30, 2015 09:15 AM EDT Reads: 430
Aug. 30, 2015 08:45 AM EDT Reads: 333
Aug. 30, 2015 08:45 AM EDT Reads: 155
Aug. 30, 2015 08:45 AM EDT Reads: 564
Aug. 30, 2015 08:30 AM EDT Reads: 383
Aug. 30, 2015 07:15 AM EDT Reads: 492
Aug. 30, 2015 07:00 AM EDT Reads: 116