Smart Apartment Firm SmartRent Gains Momentum

“Alexa, my sink is leaking.” To date, the voice assistant wouldn’t be able to come up with a helpful response to such a query. That could change for some users, who could have such a sentence trigger a maintenance call.

This is where we see the next wave of Smart Home technology. When it’s no more a debate about technology, and not a DIY market anymore. When it’s just there and it just works, like electricity and water. The debate on what AC to use, or how to find a way to connect your house to running water is long gone.

Companies like SmartRent realizes this, that Smart Home is about convenience and premium offerings for their customer’s tenants, without the need for DIY. It’s like water or electricity, it’s a utility that just works, making the tenant’s life more convenient. For a landlord, Smart Home is about driving down operational costs, while adding premium offerings to increase profitability. Not technology and gadgets.

The Smart Home Market Continues to Lack a ‘Killer App’

Though the smart home market is far from mature, it is gaining momentum. Based on Strategy Analytics’ data presented at Smart Home Summit in Burlingame, California, some 46% of U.S. broadband households have at least one smart home device today. That works out to some 47 million households.

This is like asking for the killer app for smartphones before iPhone. The answer is that there isn’t ONE killer app, the killer is in that there are plenty of competing apps that solve a multitude of tasks seamlessly, in full co-operation with the installed systems and hardware in the homes.

The DIY smart home enthusiast market is very much a pioneer market. But the bulk of the homeowners or tenants aren’t home hackers. They just want things to work, seamlessly and without being in their way.

So, as with the smartphone explosion, it is about a standardized platform that works on any underlying technology (iOS or Android) with apps from 3rd parties, easily downloadable. No installation, no configuration, just new smart features to simplify their lives or entertain.

This is also the reason for landlords to add smart home technologies to the apartments they rent out. It’s about convenience and premium offerings for their tenants, without the need for DIY. It’s like water or electricity, it’s a utility that just works, making the tenant’s life more convenient. For them, the killer app is driving down operational costs, while adding premium offerings to increase profitability.

Smart building trends: Predictions for what’s to come – Smart Cities World

Franco Castaldini, ThoughtWire, rounds up the smart building trends to look out for.

Harbor Research has noted four critical needs for IoT platforms as they evolve in 2019 and beyond, including:

  • Enablement of real-time temporal, spatial and state-based contextual processing
  • Providing tools for development of real-time, stateful applications
  • Simultaneous and asynchronous action on any type of information from any device, storage or streaming source
  • Configurable software platform architecture enabling both peer-to-peer and client-server distribution of service

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If you want to see all these abilities in action, and more, take a look at Sensative’s Yggio platform.

Technology Is Turning Facilities Management From Boring to Bespoke

Technology and changing attitudes to the workplace are driving a transformation of commercial real estate. FM is coming of age, as it seeks to blend empathy, strategic thinking, commercial expertise and an eye for innovation. Tenant work-life harmony is becoming a key focus for building owners and space is being seen as an experience, rather than as a commodity. Passive and siloed data is being analyzed for actionable insights in real-time. Digital technology is emerging as a key tool to manage buildings. The stage is set for unified, enterprise-level management of buildings to emerge as the next big thing in commercial real estate.

Retrofitting old buildings for smart HVAC systems

Connected smart sensors play a significant role in establishing smart HVAC systems in old buildings. By having sensors in the existing system, components and back-end software providing data analytics, old buildings can also receive benefits from smart HVAC systems.

Upgrading HVAC to a smart system is a good start, as long as you don’t paint yourself into a corner. While investing in sensors and IoT gateways you should consider if the data could be re-used. For instance, a temperature sensor/thermostat is needed to control the heating/cooling. But, that temperature data could also be sent to a tenant app, used to signal if a window is open, used for statistics and optimizations, and so on. Also, if you have many properties you would be interested in collecting all data from all the properties to a remote common control center.

When you are in the process of investing and upgrading to save money, you should think about the whole picture. Or as we say at Sensative; “think big, start small and scale fast“.

These Are The Top Real Estate Tech Trends In 2020

Real estate is no longer about “location, location, location;” it has evolved into a new mantra that we have termed, “location, experience, analytics.”

“Data and the ability to access it, while presenting many questions and challenges – such as data ownership and privacy concerns – represent a tremendous opportunity for the commercial real estate industry to enhance operations and improve the tenant experience.”

This doesn’t highlight the huge challenge of legacy systems and data locked-in into incompatible system silos in older buildings. Constructing a new building makes it quite straight-forward, you just install systems that are open and can be integrated. These high standards will be norm and tenants in older buildings will request the same services, or they will move out.

SACC Summit 2019 – November 7-8  Washington DC

Welcome to the premier networking event, SACC Summit 2019, presented by SACC-USA and SACC Washington DC in collaboration with the Embassy of Sweden in the United States. The theme of the meeting will be disruptions in business and politics.

Sensative is a sponsor of SACC Summit 2019 and will also be hosting a panel discussion about sustainable buildings. Visit the link and scroll down to find an interview with Mats Pettersson, CEO of Sensative.

SACC-USA is a key facilitator in the development of trade relations and investment opportunities between the United States and Sweden.

To Create Community, Properties Need to Use Personalization | Propmodo

Ninety-four percent of respondents in the NMHC Consumer Housing Insights Survey said having the freedom to personalize their living space was important. At first glance, this might seem to mean that property owners have to let residents remodel their entire unit for it to feel like home. But there is a lot more to the idea of personalization of living space than the actual physical space itself. Connected renters are increasingly being lured to communities equipped with smart technology, which […]

IoT and Smart Building technologies are not only about maintenance and driving down cost. Used innovatively it will increase the resident services and possibilities to personalize their living or rented office spaces. A more attractive property drives profitability and property value.

The Future of PropTech Will Be Mass Integration | Propmodo

The past several years have demonstrated that real estate technology is on an upward climb, delivering undeniable value to the largest asset class in the world.

“…an interconnected system in the workplace will no longer be a thing of the past, the linking of manpower, technological devices and other items of business will become a necessity as opposed to just a perk. Office users now use 50 different tech products throughout their day, and none are connected, making being productive less than simple. “

The biggest challenge for property owners is the plethora of systems, vendors, and technologies already installed in the buildings. Adding new tech like IoT makes it even harder to integrate and build upon.

What you do need is an operating system for the building, a platform that handles all the technology in the building, providing a standardized way of developing services and applications, very much as a computers operating system manages all the internal components and attached peripherals. SW developers do not need to address what a manufacturer of the memory board, hard drive or printer has implemented, it is all managed by the OS.

The OS for buildings is called Yggio, provided by Sensative.

How IP cameras, IoT sensors can combine to make cities smarter – asmag.com

Needless to say, video surveillance plays a critical role in smart city initiatives. Now, with more and more IoT sensors being deployed, they can work with IP cameras to make cities even smarter, safer and livable.

Many reasons why our partnership with Axis Communication is so important for Axis, us at Sensative, and our customers in smart buildings and cities.