While the Internet of Things has permeated many aspects of our daily lives and created a torrent of useful data, when implemented on a city-wide level, that’s where things get interesting for real estate. For the property industry, the biggest opportunities within the smart city revolution lie with smart buildings, which have the potential to improve efficiency levels by 15%–20% in the first year. Connected, smart buildings can reduce energy use, lower operating costs, prompt preventative maintenance and provide more […]
Sensatives take: Everyone starts somewhere. Usually, you start with a proof-of-concept vertical solution solving a specific need. The important thing is to avoid creating a silo where everything is locked-in. The real benefits come when you can re-use data and investments in hardware, communication, and platforms. When the new innovative services can operate across organizations and departments, and when those services generate real value to the citizens.
That’s when you start creating the real smart city.