A new vertical of the tech world, PropTech, has been created to transform and serve one of the oldest industries on the planet, real estate. PropTech startups and future-looking companies are using building connectivity to deploy solutions and software services that satisfy the changing consumption patterns of tenants in the digital landscape. Recently, advanced sensors and devices with billion-dollar energy savings potential have begun to surface. They exist as technologies such as sensors, lighting equipment, thermostats, HVAC systems, and more. They are more affordable than previous generations of hardware, and most importantly, they can connect to the internet and the cloud.
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