Real estate PropTech
20:24 15 September 2020
Post by: WBJ

Cities undergoing digital revolution

Cities undergoing digital revolution
Jacek Łukaszewski, source: Newseria

Covid-19 can accelerate the digital transformation in construction and the implementation of the idea of ​​smart cities. Office buildings, but also shopping malls and public buildings are used less intensively. This means the need to minimize all costs related to e.g. with their heating, air conditioning or lighting. In buildings where employees have returned to stationary work, new functionalities are needed to ensure greater health safety. This is what intelligent building automation systems based on the Internet of Things are used for, and the market demand for such solutions has been growing in recent months.

“Intelligent buildings are equipped with a whole range of IoT devices that communicate with each other or with management software, are able to measure the processes and environment, as well as respond to commands or perform specific functions automatically. All this gives us the opportunity to increase the functionality of such a building, which translates into the comfort of its use, increased efficiency of use and a decrease in related costs,” Jacek Łukaszewski, president of Schneider Electric at the Polish, Czech, Slovak and Ukrainian Cluster, explained.

The number of machines, sensors and cameras connected to the Internet of Things is constantly growing. According to IDC estimates, in 2025 41.6 billion devices will be connected to the IoT, generating 79.4 zettabytes (ZB) of data. In turn, the Statista website reports that by 2023 global spending on IoT is to reach a total of $1.1 trillion, which makes it one of the fastest growing technology trends. The Internet of Things has the greatest development potential, among others in industry, telemedicine or just intelligent buildings. According to the forecasts of MarketandMarkets analysts, the market of intelligent buildings will grow at a rate of nearly 12 percent annually in the coming years and will reach the value of almost $106 billion in 2024.


smart cities
jacek łukaszewski
schneider electric

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