Green Quadrant: IoT Digital Platforms For Building Operations 2024
Sandy Rogers
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Executive Summary
Data previously locked up in operational technology (OT) and legacy building management software are increasingly being set free with advancements in Internet of Things (IoT), cloud computing and data science. The ability for organizations to readily aggregate, analyse and act on these data is crucial to making buildings more efficient and experiential. The solutions evaluated in this study supply foundational platforms, allowing building owners and operations teams to remotely monitor and manage a portfolio of building sites, use advanced analytics to readily identify potential issues as or before they occur, and take steps to automatically optimize environments based on real-time needs and conditions. This report provides an independent, fact-based benchmark of 12 prominent IoT digital platforms for building operations in the market, based on the proprietary Verdantix Green Quadrant methodology.Market demand is intensifying for more integrated and foundation digital building platforms
Digital platforms for building operations advance the value of IoT to propel insight into action
Assessing the capabilities of IoT digital platforms for building operations
Digital building platform and solution services range from software implementation and support to full ‘as a service’ delivery of outcomes
Advanced analytics and AI applications will exponentially leverage digital building platform data and processing foundations
Green Quadrant for IoT digital platforms for building operations 2024
Green Quadrant methodology
Evaluated firms and selection criteria
Evaluation criteria
Accruent overview
Analyst insight: Accruent’s Observe platform extends building management systems to optimize asset performance and maintenance
Carrier overview
Analyst insight: Carrier’s Abound Insights platform provides AI-guided recommendations and automations to optimize building equipment performance
e-Magic overview
Analyst insight: e-Magic’s TwinWorX platform capitalizes on digital twin and advanced intelligence to optimize building asset performance
Facilio overview
Analyst insight: Facilio’s platform provides a flexible backbone for building management and maintenance activities, augmented with performance-based analytics and automations
Honeywell overview
Analyst insight: Honeywell Forge for Buildings provides predictive insights and dynamic tooling for optimizing building assets
Johnson Controls
Analyst insight: Johnson Controls’s OpenBlue digital framework underpins a comprehensive solution and service portfolio
KMC Controls overview
Analyst insight: KMC Commander provides a dynamic, cloud-based control centre for remote building system monitoring and operations
KODE Labs overview
Analyst insight: KODE Labs integrates fragmented systems and data for centralized building operations
Nantum AI overview
Analyst insight: Nantum AI offers a steady on-ramp to IoT- and AI-aided building operations
Schneider Electric overview
Analyst insight: Schneider Electric presents a distributed architecture for tackling building operations
Siemens overview
Analyst insight: Siemens’s Building X is a comprehensive platform and suite of applications for advancing digital building operations
Switch Automation overview
Analyst insight: Switch Automation’s IoT platform presents a mix of guided and self-service capabilities to assess and optimize building performance
Figure 2. Digital building platforms: high-level architecture view
Figure 3. Suppliers and solutions assessed
Figure 4. Capabilities criteria for IoT digital platforms for building operations
Figure 5. Momentum criteria for IoT digital platforms for building operations
Figure 6. Vendor scores: capabilities
Figure 7. Vendor scores: momentum
Figure 8. Green Quadrant for IoT digital platforms for building operations 2024
About the Authors
Sandy Rogers
Principal Analyst
Sandy is a Principal Analyst in the Verdantix Smart Buildings practice. Her current research agenda focuses on the intersection of IT and OT digital strategies and technologie...
Claire Stephens
Research Director
Claire Stephens is a Research Director at Verdantix, leading research into technologies and services shaping the real estate and the built environment, encompassing ...
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