Tag: ROI

Smart buildings – what’s the value to smart cities? Part Two

While the benefits and Return on Investment (ROI) of smart buildings are well documented for tenants, building owners and operators, similar information for cities are limited at best. In addition, cities measure the benefits and ROI of smart buildings differently, and look beyond financial metrics. Part Two provides a framework for identifying areas of value creation and share a sample set of values and benefits for cities.

Smart Buildings – What’s In It for Cities? (Part One)

While the benefits and Return on Investment (ROI) of smart buildings are well documented for tenants, building owners and operators, similar information for cities are limited at best. In addition, cities measure the benefits and ROI of smart buildings differently, and look beyond financial metrics. Part One of this two part article provides an understanding of the types of things that cities care about, and leads to a new set of metrics for evaluating the ROI of smart buildings.

Smart buildings and dealing with data overload

Over 80% of new builds now involve at least one aspect of smart technology such as smart security, lighting or controls, including new homes as well as commercial builds. But with all this smart technology potential, building owners and users are now faced with other challenges: data overload, confusion about choices of which technology suits their needs and the decisions they need to make for their return on investment (ROI) over time.

Decoding ROI for Smart Buildings

The rise of connected things within smart buildings has led many CRE firms to embark on a new kind of digital transformation. However, the ROI for many organizations has been elusive, particularly because IoT platforms require significant development costs to address their business potential.