New analysis from
"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 &
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 -
As a result, organizations involved in both big data and building technologies will be at the frontlines of the smart building space when the two industries merge into a single platform.
For more information on this research, please email
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