Authored by Allied Telsis and published in May 2022, this report underscores the imperative for interconnecting building management systems. It highlights the growing significance and interdependence between Information Technology, Operational Technology, Building Management Systems, and cybersecurity. The report identifies eleven drivers within the smart building market relevant to Property/Facility managers. For instance, the concept of “flexibility” allows seamless transfer of smart building functionalities (e.g., temperature, lighting, elevator, access) as tenants move within the building. The report reveals that energy-efficient buildings command a 17% premium, generate 35% higher rental income, and boast an 18% higher occupancy rate. It offers guidance on achieving these outcomes.

Keywords: Control & Monitoring Equipment/Sensors, Cybersecurity/Privacy, Data Networking, Healthy Buildings, HVAC & Indoor Air Quality (IAQ), Intelligent Building, Internet of Things (IoT), Large Building Controls/Automation, Lifts/Elevators, Lighting Systems/Controls, Process Automation, Property Management, Protocols/Standards, System Integrator, Water Management