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Smart buildings can create a domino effect, leading to more opportunities for integrated advancements in the urban setting. Smart buildings have been utilizing the Internet of Things (IoT) to connect and advance systems, delivering more efficiency and data. These connected systems could include IP video camera systems, access control systems, smart parking, etc.
The global smart building market size is projected to reach USD 42.70 billion by 2025. The major factor driving smart building market growth is the growing global energy usage concerns. The global smart cities market was valued US$ 302.0 Bn in 2019 and is expected to reach US$ 1,520 billion by 2027 at a CAGR of 23.3 %, according to sciencein.me and publicist360.com.
Interested in learning more about smart city technologies? Attend i-HLS’ InnoTech Expo in Tel Aviv – Israel’s largest innovation, HLS, and cyber technologies expo – on November 18-19, 2020. Meet InnoTech’s steering committee
In fact, smart buildings can build a smart city. By bringing these systems together, administrators can more easily make connections between previously separate bases of data, such as pairing video footage with access management anomalies, or observing the busiest times of an on-site parking facility.
The devices that are incorporated into a smart building can provide different value depending on the way in which they are being utilized. For instance, an external IP camera can be correlated to other security data within a single building or campus for the improved safety of its employees or patrons. That same camera in a smart neighborhood setting could allow a local store manager to track a shoplifter. Within a smart city ecosystem, video could be used by a municipality to track and manage a parade that goes through the neighborhood.
A single IoT device can be correlated against many other internal systems or bases of information without compromising its secure access. This information can then be used for better safety and security on a corporate campus or better employee tracking between facilities, asset management or other elements of business efficiency.
For a smart neighborhood, the benefits are more widespread. When there is an array of technology that overlooks a street or district, it can provide a lot of specific information about the nature of how and when people move through it. This type of installation can provide more safety and security information on factors that affect the whole area, such as a car accident along the main street.
Using connected devices, smart cities can figure out how to become safer and more efficient. Data can lead to innovations in street planning and parking or provide valuable insights during crisis investigations.
One smart neighborhood can expand, or disparate networked buildings can unite. Over time, this area of smart protection and shared information can blanket an entire city. According to iotforall.com, the trick to any domino effect is that the first piece needs to be pushed into action, and there are many benefits that urban-based corporations stand to gain by leading the charge. Many corporations have wide impacts on the cities they reside in, and it benefits everyone to have a positive presence in their neighborhood, one that shows care and concern for the people and businesses in the surrounding areas.
Attend i-HLS’ InnoTech Expo in Tel Aviv – Israel’s largest innovation, HLS, and cyber technologies expo – on November 18-19, 2020 at Expo Tel Aviv, Pavilion 2.