The convergence of the Internet of Things, cloud computing, big data and data analytics will open up new business opportunities for both building technology and information and communications technology companies, according to new research from Frost & Sullivan. These platforms are expected to become the pillars of smart building evolution in terms of technology, business value and customer satisfaction, the firm says.
The report, “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.
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