Buyer’s Guide: Smart Building IoT Platforms (2022)
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Executive Summary
This report provides an up-to-date analysis of 40 prominent vendors offering Internet of Things (IoT) software packages for buildings. This study collected data from 18 suppliers via questionnaires and product demonstrations. Our analysis finds that IoT platforms are undergoing a transformative shift, as providers seek to expand their breadth of functionality and incorporate AI, machine learning and digital twins. Firms are coming under increasing pressure to improve ESG and sustainability performance, and a rapidly evolving ecosystem of IoT vendors has emerged to meet this demand. The past 12 months have seen suppliers launch further integrations for third-party software systems and devices to broaden the compatibility of their platforms with existing infrastructure. Prospective corporate real estate executives and technology buyers can use this guide to support their search for an IoT platform that fits their requirements.Buyer’s Guide For Selecting A Smart Building IoT Platform
Defining IoT Platforms For Smart Buildings
Firms Use IoT To Direct Business Objectives
Criteria Buyers Should Consider When Selecting An IoT Solution Provider
Review Of Key Offerings And Product Enhancements
Inclusion Criteria For The 2022 Buyer’s Guide For Smart Building IoT Platforms
Accruent Launches A New User Interface And Broadens Digital Twin Functionality
aedifion Automates Energy Management And Provides Predictive Control
Akenza Simplifies Device Management And Automated Actions
Animated Insights Offers Dedicated Services Alongside A Digital Twin Solution
Carrier Enhances User Experience And Simplifies Communication
Green Koncepts Boosts Energy Management Offering With Integrated Solution Suite
Hark Systems Delivers Predictive Maintenance And Energy Optimization
Honeywell Strengthens Its Asset Monitoring And Management Offerings
Infogrid Deepens Its Data Insights And Alert Management Capabilities
Johnson Controls Provides Solutions For Safe And Sustainable Buildings
Planon Strengthens Its Open Platform Through Digital Twins
Schneider Electric Enriches Its Sustainability Management Offering
Siemens Expands Its IoT Product Line With The Launch Of Building X
Spacewell Utilizes AI And BIM For Asset Monitoring And Facilities Management
Spica Technologies Focuses On Integration Capabilities And The Occupant Experience
Thing Technologies Improves ESG Reporting Capabilities And Workplace Services Functionality
ThoughtWire Launches Location Tracking And Improves User Interface
Utopi Facilitates Environmental Monitoring And Encourages Tenant Engagement
Essential Takeaways For Buyers
Figure 2. Application Areas For IoT Solutions
Figure 3. Functionality Coverage Of 40 IoT Solution Providers
Figure 4. Accruent’s IoT Platform Solution Overview
Figure 5. Accruent's Updates To IoT Platform Functionality
Figure 6. aedifion's IoT Platform Solution Overview
Figure 7. aedifion's IoT Platform Functionality
Figure 8. Akenza’s IoT Platform Solution Overview
Figure 9. Akenza’s IoT Platform Functionality
Figure 10. Animated Insights’s IoT Platform Solution Overview
Figure 11. Animated Insights’s IoT Platform Functionality
Figure 12. Carrier’s IoT Platform Solution Overview
Figure 13. Carrier's Updates To IoT Platform Functionality
Figure 14. Green Koncepts’s IoT Platform Solution Overview
Figure 15. Green Koncepts's IoT Platform Functionality
Figure 16. Hark Systems’s IoT Platform Solution Overview
Figure 17. Hark Systems’s IoT Platform Functionality
Figure 18. Honeywell’s IoT Platform Solution Overview
Figure 19. Honeywell’s Updates To IoT Platform Functionality
Figure 20. Infogrid’s IoT Platform Solution Overview
Figure 21. Infogrid’s Updates To IoT Platform Functionality
Figure 22. Johnson Controls’s IoT Platform Solution Overview
Figure 23. Johnson Controls’s Updates To IoT Platform Functionality
Figure 24. Planon’s IoT Platform Solution Overview
Figure 25. Planon’s Updates To IoT Platform Functionality
Figure 26. Schneider Electric’s IoT Platform Solution Overview
Figure 27. Schneider Electric’s Updates To IoT Platform Functionality
Figure 28. Siemens’s IoT Platform Solution Overview
Figure 29. Siemens’s Updates To IoT Platform Functionality
Figure 30. Spacewell’s IoT Platform Solution Overview
Figure 31. Spacewell’s Updates To IoT Platform Functionality
Figure 32. Spica Technologies’ IoT Platform Solution Overview
Figure 33. Spica Technologies’ Updates To IoT Platform Functionality
Figure 34. Thing Technologies’ IoT Platform Solution Overview
Figure 35. Thing Technologies’ Updates To IoT Platform Functionality
Figure 36. ThoughtWire’s IoT Platform Solution Overview
Figure 37. ThoughtWire’s Updates To IoT Platform Functionality
Figure 38. Utopi’s IoT Platform Solution Overview
Figure 39. Utopi’s IoT Platform Functionality
About the Authors
Justine Bornstein
Research Director, Smart Buildings
Justine is the Research Director of the Verdantix Smart Buildings practice. Her current research agenda focusses on digitisation, decarbonisation and optimisation across the b…
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Amelia Feehan
Senior Consultant, Advisory Services
Amelia is a Senior Consultant within the Advisory Services team at Verdantix. She has several years of experience leading large-scale technology and strategy projects for both…
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