New Report Highlights 12 Prominent IoT Digital Platforms Revolutionizing Building Operations

New Report Highlights 12 Prominent IoT Digital Platforms Revolutionizing Building Operations

London, UK. In today's fiercely competitive real estate market, building owners and facilities executives are under increasing pressure to optimize operations, reduce costs and improve occupant experience. To meet these challenges, many are turning to IoT-powered digital solutions that bring data into a centralized command centre for seamless building management and facilities, which are both sustainable and can increase asset value.

As the market matures and barriers to adoption fall, a diverse range of vendors are vying for market share. From established building technology providers to a new wave of agile start-ups, firms are leveraging cutting-edge technologies to offer solutions that address the evolving needs of building owners and operators and solidify their market position.

The benchmark Verdantix Green Quadrant: IoT Digital Platforms For Building Operations 2024 report provides property owners, asset managers, real estate executives and facilities managers with comprehensive insights into 12 prominent IoT digital building platforms, helping them select the best-fit provider for their needs. The report identifies four firms - Honeywell, Johnson Controls, KODE Labs and Siemens - as offering some of the most comprehensive services in the market. However, they face growing competition from innovative IoT start-ups, which are striving to deliver the solutions needed to achieve smarter, more sustainable, autonomous building management.

Key report findings:

• Buyers are prioritizing flexible digital platforms that integrate building data, automate operations and enable advanced analytics. While established players such as Johnson Controls and Siemens bring global reach and industry expertise, start-ups such as KMC Controls and KODE Labs offer cost-effective, AI-powered solutions, supporting enterprises and smaller properties alike.
  
  
• AI is rapidly transforming building management. Increasingly intelligent platforms are enabling autonomous actions that streamline operations, boost asset performance and enhance occupant comfort. Honeywell, for example, has introduced an AI-powered chatbot to accelerate access to critical data and insights.
  
  
• Vendors are adapting their offerings to align with key market trends such as energy optimization and sustainability, offering solutions that drive operational excellence. Many platforms that began as smart building solutions are now marketed as tools for energy optimization, such as Nantum AI.
  
  
• Providers in this space offer a range of services, from design and implementation to ongoing support, acting as a trusted partner in the digital transformation journey. For example, e-Magic leverages its TwinWorX platform to tailor solutions.
  
  

"In today's competitive real estate landscape, asset and facilities managers must embrace digital transformation or risk becoming obsolete. As experienced staff retire and technology advances, a tech-driven approach is essential to streamline operations, increase revenue and enhance tenant experience, ensuring that buildings remain competitive," said Claire Stephens, Research Director at Verdantix. "As the market continues to evolve, vendors are racing to provide innovative solutions that empower facilities managers and drive towards a future of autonomous buildings. However, the ultimate winners will be those who can deliver real value and adapt to the changing needs of the industry."

To learn more, join the webinar The Next Generation Of Building Operations: Benchmarking IoT Digital Platforms on 26 November.