Business Model Evolution in the Building Management Industry for Long-term Sustainability

Published: 8 Oct 2015

Convergence of hardware components and equipment with software-embedded programs has gradually unfolded in the building technologies (BT) industry over the last decade.

The rising demand for efficient energy management, facility management, life safety and comfort, and overall building management has driven the trend towards real-time connectivity, control, and monitoring of building components, equipment, and buildings. This has led to the Internet-of-Things (IoT), Big Data, and data analytics becoming a booming part of the BT industry.

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