Green Quadrant: IoT Digital Platforms For Building Operations 2024
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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.
Table of contents
Summary for decision-makersMarket 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
Table of figures
Figure 1. Top 3 ranked smart building technologies by North American real estate asset managersFigure 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
Organisations mentioned
75F, ABB, Accruent, Acuity, Adani Group, Advantech, Alibaba, Amazon Web Services (AWS), Aquicore, Arabella, Aspiria, Atrius, BrainBox AI, Brick Schema, British Land, Brookfield Place (formerly World Financial Center), Brookfield Properties, BUENO, Buildings IOT, BXP (formerly Boston Properties), CapitaLand, Carrier, Chicago Public Schools, Chick-fil-A, Citycon, Clockworks Analytics, Comfy, Cushman & Wakefield, Dexus, Distech Controls, EcoEnergy Insights, e-Magic, Facilio, Festival Foods, Fifth Third Bank, FM:Systems, Fortive, Globalworth, Google, H&M, Hines, Honeywell, HSBC, Infogrid, International Organization for Standardization (ISO), Jamestown LP, Johnson Controls, KMC Controls, KODE Labs, Lynxspring, Microsoft, Mobile Energietechnik, Nantum AI, Nuvolo, PassiveLogic, Planon, Prodea Investments, Project Haystack, QuadReal, RealEstateCore, Rudin Management, Sainsbury's, Sanalife, Schneider Electric, Sensgreen, ServiceChannel, Sidara, Siemens, SkyFoundry, Slack, Standard Chartered, Switch Automation, Sydney Opera House, Temple University, The Co-operative Group, Trane Technologies, Tridium, University of Colorado Boulder, University of Pennsylvania, US General Services Administration (GSA), ViewAbout the authors
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