Verdantix Buyer’s Guide for IoT Platforms: Three Key Takeaways

The 2020 Verdantix Buyer’s Guide on IoT Platforms for Smart Buildings has been released following a five-month research process. The Buyer’s Guide covered 17 vendors and their platforms across eight functionality areas, outlining the key product updates in the last 12 months. The research process included software demonstrations in addition to briefings taken from vendors. What are the key takeaways for customers looking to invest in a smart building IoT platform for their business?

Firstly, buyers looking to aggregate building data for analysis, insights and reporting can look to IoT platforms to help them manage a broadening range of use cases. Energisme, Envizi, Fabriq and PointGuard have introduced enhancements to their energy management capabilities, via new benchmarking capabilities for multiple sites and enhanced predictive analytics for proactive energy management. Vendors such as Bosch, Siemens, Spacewell and Spica Technologies have continued to improve their space monitoring capabilities, providing greater granularity for desk and workspace monitoring leading to more precise insights on usage.

Secondly, smart building IoT platform vendors are widening their integration capabilities, so their platforms work more easily alongside legacy systems from critical devices to software. Integration compatibility often provides a more open platform, with less disruption and perceived future ‘lock-in’ for the buyer. KGS Buildings and Siemens both launched new integrations with third-party CMMS solutions whilst Accruent, EcoEnergy Insights and Switch Automation have upgraded their onboarding process, accelerating the integration of assets from the client ecosystem.

Lastly, many vendors have expanded their offering to tackle COVID-19 usage scenarios, with several solutions now supporting firms navigating a return to work. Vendors such as Facilio, Johnson Controls, Schneider Electric and ThoughtWire revamped product lines for COVID-19 management processes, such as contact tracing and social distancing. Some of these tools can be reused in the future. For example, mobile apps, which provide an interface between building managers and occupants for alerts and policy information, can be used for communication during other disruptive events, such as a fire or power outage at a site. This provides long-term value for buyers and can embed greater flexibility and resiliency into organisations.

To learn more about the advances and trends that have taken place in the IoT space in the last year, see Buyer’s Guide: Smart Building IoT Platforms (2020)

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Dayann Charles Jeyamohan

Industry Analyst, Verdantix

Dayann is an Industry Analyst in the Verdantix Smart Buildings practice. His current agenda focusses primarily on IoT building solutions and the digitization of the built environment and facilities management. This covers themes and technologies across the IoT and cloud landscape including IoT hardware, edge computing and 5G connectivity. Dayann joined Verdantix in early 2020, having previously worked as a Business and Technology Consultant at IBM. He holds an M.Eng. in Engineering (Mechanical) with Business Finance from University College London.