The Internet of Things in the property industry: an overview of useful tools
The Internet of Things is opening up new opportunities for the property industry. IoT technologies make it much easier to manage properties, monitor the status of communication systems and track bill payments.
IoT-based solutions are actively developing and becoming more versatile. This, in turn, expands their applications. IoT has become extremely relevant to the commercial property sector in recent years. A report from Grand View Research backs this up:
– the global smart buildings market will be worth US$570 billion by 2030;
– the compound annual growth rate of the sector will exceed 26% by that time;
– there are approximately 17 billion IoT-based devices in use worldwide;
– forecasts show that there will be around 30 billion such devices by 2030.
Implementing innovative solutions in the property sector can reduce the cost of key items by 30%. This applies to electricity bills and building maintenance. All this underlines the importance of harnessing the power of IoT in this sector.
Overview of useful Internet of Things tools
Many IoT-based solutions aim to optimise costs, including through energy efficiency. There are some areas where smart technologies can be in charge of the management:
1. Resource management. These systems help reduce the consumption of water and other resources. They are installed in the building and integrated with various tools, such as controllers or meters.
2. Control of energy consumption. This is achieved through a unified ecosystem that includes appliance control and smart home solutions. This makes it possible to switch appliances on and off from a remote location. In addition, the system allows you to regulate consumption and automatically adjust it as needed.
3. Improved security of premises. Innovations help to enhance security. Thanks to them, it is possible to create an effective system for monitoring and preventing intruders from entering the premises.
4. Access systems. This option is particularly relevant for business premises and apartment buildings. In this case, a tool integrates personal identification technologies, such as digital ID, GPS tags, special applications, and others.
5. Climate control systems deserve special attention. The Internet of Things makes it possible to collect and process data on temperature, humidity, and other indicators. Such tools provide recommendations on how to improve the microclimate in each individual room. They take into account energy efficiency and environmental impact principles. This allows for a more comfortable atmosphere for humans. In addition, such systems help to reduce the burden on the environment.
We can already discuss the tangible contribution of IoT solutions to the real estate industry. Modern tools allow for the automation and optimisation of key processes, making life easier and more convenient for property owners.