Smart buildings, digital transformation, and measuring success
Smart buildings, digital transformation, and measured success
The Internet of Things (IoT) has certainly come a long way since it was first created, purely as a concept, by Kevin Ashton in 1999 during his time with Procter& Gamble. Ashton, who was working on supply chain optimization at the time, hoped to alert senior management to a new technology called RFID.
There are an estimated 35.82 billion IoT devices installed worldwide, and the market and the market report suggest that this will increase to 75.44 billion devices by 2025.
Speaking at the event, Nathan Pierce, Program Director for Urban Sharing, Greater London Authority, said: “We need to modernize all buildings. In most cases this is expensive but also a big technical challenge as some buildings are relatively easy to retrofit but others are difficult to back up. “Then you get into the area of complications around redeveloping public buildings, private buildings, or as we have in London and the UK, mixes of public and private buildings.
“So for me, smart energy within this kind of ecosystem are things that people can do individually. But the important thing is the Green New Deal, which is a big political push in government as part of the recovery strategy after COVID.