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Big Data as an Enabler for Smart Buildings

  • September 2014
  • -
  • Frost & Sullivan

Convergence of Building Technologies and the ICT Industry Drives More Investments through Partnerships

As the smart buildings industry continues to gather pace, cloud-based solutions will be widely adopted in the market as decision makers are aware of the huge business value that can be generated by leveraging Big Data and data analytics applications. Increasing urbanization, connectivity and convergence of smart technologies, and communication between smart devices are the 3 big trends that are expected to bring new opportunities for growth in the smart buildings industry.

Key CEO 360 Degree Perspectives on Big Data and Smart Buildings

1 Tier I building technology participants are expected to welcome strategic partnerships with data analytics providers to leverage next-generation IT solutions.
2 Tier II building technology participants are expected to expand their businesses from mainly non-residential applications to enter the residential sector with new business models.
3 Convergence and connectivity of next-generation IT solutions will open new business opportunities for building technologies and companies in the ICT industry.
4 BRIC countries in particular are investment hotspots for developing smart buildings and smart cities in the short term.
5 Governments of many emerging markets are expected to invest heavily in developing smart cities in the next years, and Big Data and smart buildings will play a key role.
IT = Information Technology; ICT = Information and Communication Technology; BRIC = Brazil, Russia, India, and China

Key Findings

-Next-generation technologies such as IoT, cloud computing, Big Data, and data analytics are expected to be an ideal fit for the evolving smart buildings market, in terms of technology, business value, and customer satisfaction.
-The convergence of building technologies and the ICT industry is expected to satisfy the technical demands of the smart buildings market surrounding Big Data and data analytics applications. These technologies, therefore, are expected to bring more investments from vendors of both industries as a result of partnerships in the near future.
-Local governments are expected to focus on factors such as technology, policy, economy, and infrastructure to build a strong framework to improve smart building initiatives and gradually upgrade them into implementing smart cities in the next 10 to 15 years.
-The technology convergence of building technologies and the ICT industry is expected to bring new partnerships between data analytics providers and building technology providers in the near future.
-The BRIC countries are expected to invest strongly in implementing smart buildings and smart cities in the coming years because of expanding populations, economic growth, and the ongoing trend towards urbanisation.

Table Of Contents

Big Data as an Enabler for Smart Buildings
Big Data as an Enabler for Smart Buildings
Executive Summary

Key CEO 360 Degree Perspectives on Big Data and Smart Buildings
3 Big Predictions
Roadmap for Big Data and Smart Buildings
Key Findings
Associated Research and Multimedia on Smart Buildings

Mega Trends Driving Big Data and Smart Buildings

Top Mega Trends Tracked by Frost and Sullivan
Definitions—Mega Trends for Big Data and the Smart Buildings Market
Sub-trend of Connectivity and Convergence—Big Data and Data Analytics
Sub-trend of Smart is the New Green—Smart Cities
Global Smart Cities in 2025
Four Major Sub-trends of Urbanisation—Mega City, Mega Region, Mega Corridor, and Smart Cities
Global Mega Cities
Mega to Micro—Convergence of Mega Trends

The Ecosystem of Next-generation Information Technology

Next-generation IT—An Overview
Evolution of Big Data in the IT Sector
Dimensions of Big Data and its Value Addition to the Business
Analytics—Reducing the Entropy in Data Processing

Smart Buildings

Smart Buildings—An Overview
The Need for Smart Buildings
Smart Building Management Solutions
Global Status of the Smart Buildings Market

Big Data and Data Analytics as a Game Changer for the Smart Buildings Market

Convergence Point—Building Technologies and the ICT Industry
Role of Big Data in Developing Smart Buildings
Global Participants—Convergence of Competition
Is Big Data the Missing Block in the Smart Buildings Market?
Legal Disclaimer

Appendix

Abbreviations and Acronyms

The Frost and Sullivan Story

The Frost and Sullivan Story
Value Proposition: Future of Your Company and Career
Global Perspective
Industry Convergence
360º Research Perspective
Implementation Excellence
Our Blue Ocean Strategy

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