While achieving net zero is a significant challenge, more smart buildings are hitting the milestone. In 2020, the New Building Institute verified 700 net-zero facilities in North America, and it expects the number to increase by as much as 50% every two years. One approach to net zero is with a direct current (DC) power distribution system that incorporates a renewable microgrid with energy storage to generate and deliver enough DC power to support building loads while eliminating the inefficiencies of traditional AC grid power. Incentives and technological advancements can facilitate the adoption of DC power distribution.
How much do you know about the ICT industry’s premier education and standards organization?
The transformation from traditional structures to smart buildings is reshaping the domain of facilities management. With a projection of 150%+ increase in the number of smart buildings worldwide, climbing from 45 million to 115 million in just five years, the impact of this shift is bound to be significant. Smart buildings provide a 360-degree view of a building’s operations, aiding in predictive maintenance, standards compliance, enhancing occupant experience and improving sustainability. However, the question remains: Are smart buildings a boon or a bane for facilities management?.
We currently find ourselves in a period of unprecedented demand for network infrastructure. The rapid adoption of digital technologies, such as artificial intelligence (AI), predictive analytics and the internet of things (IoT), have further heightened this trend. As the digitization and virtualization of business and society continues, more and more demands are placed on the data center because of the immense amount of potential it holds. For data center companies to realize this potential, they must operate more efficiently. To operate more efficiently, the industry must undergo a transformation—a digital transformation, that is.
No longer is funding the main constraint to deploying digital infrastructure. A constrained labor market, challenges in the supply chain, lack of real-time visibility into project execution, difficulty in auditing daily project results, lack of data integrity and more are all roadblocks to digitizing a network as each results in network inefficiencies and costs.
Smart Buildings Market size to grow by USD 46,123.2 million from 2022 to 2027; the growing need for building automation to enhance business outcomes drives market growth
The smart buildings market size is estimated to increase by USD 46,123.2 million from 2022 to 2027. The market’s growth momentum will progress at a CAGR of 9.73% during the forecast period. The growing need for building automation to enhance business outcomes is a major factor driving the smart buildings market growth.
Experts agree that fiber optic technology will become more and more relevant in the coming years. Five areas where fiber will make a difference include Digital Transformation, Internet of Things (IoT), Big Data, Smart Cities, and ESG (Environmental, Social, and Governance) transformations.
The transformation from traditional structures to smart buildings is fundamentally reshaping the domain of facilities management. They provide a 360-degree view of the building’s operations, aiding in predictive maintenance, standards compliance, enhancing occupant experience, and improving sustainability. However, with all its promising benefits, the question arises — are smart buildings a boon or a bane for facilities management?
Just as using a ‘codified and universal’ language enables the seamless exchange of ideas between people, in the manufacturing and cable industry, this is precisely what single-pair Ethernet (#SPE) does for the automation systems in industries. It allows for continuous real-time data transfer right up to the field level and helps bridge long distances in large plants like chemical industries.
Single Pair Ethernet is a relatively new promising technology that offers industrial design engineers considerable flexibility and advantages over traditional Ethernet, including simplified installations over longer distances and reduced cost and weight. SPE is designed for OT applications where standard Ethernet is no longer practical or cost-effective. SPE adoption is expected to increase in the coming years as the demand for low-cost, low-weight, and low-complexity IIoT, IoT, and automotive applications continues to increase.
The next generation of facilities workers are coming, and managers need to prepare themselves for the future of hiring. Most young people today have a much stronger adaptability to new technology, software and apps than the folks who are retiring.