In a Realcomm article, Navigant Research says an Internet of Things platform approach offers a facilities management framework for collaboration
The idea of convergence between information technology and operational technology (IT/OT) systems has been the cornerstone of intelligent buildings since the market’s inception. However, to date, most teams responsible for IT and facilities operations and management work in isolation.
In an article for Realcomm, Casey Talon, principal research analyst at Navigant Research, said one way to remove these silos is to adopt an Internet of Things (IoT) platform approach, creating a framework for collaboration that can bridge the gap between IT and OT.
“Today, the configuration and use of IoT solutions can deliver energy efficiency while helping OT and IT teams meet goals in additional cost savings, business continuity, and cyber security by working together,” Talon wrote. “As a result, OT and IT, the two key influencers on business operations, can find value by investing in IoT solutions.”
A successful IoT intelligent buildings strategy can also help IT and OT teams align their efforts and more effectively reach their specific corporate objectives, according to the article. Furthermore, IT departments can be valuable resources for operations teams looking to understand the technical specifications of IoT offerings and differentiate between ingredient, systems, and solutions options in the market.
Talon added that these market forces underscore a bullish outlook for IoT in commercial buildings. In fact, Navigant Research’s recent report, IoT for Intelligent Buildings, forecasts the global IoT for intelligent buildings market to grow from $6.3 billion in 2017 to $22.2 billion in 2026.
Note: This article was sponsored by Intel.