Summary

In this chapter, we reviewed how NOI is used to measure and report the return on smart building initiatives. While all the solutions discussed throughout this book can be applied to nearly every building type, we specifically explored how smart buildings are digitalizing the commercial real estate market. Advances in smart building construction materials, processes, tools, and equipment are helping to improve safety, quality, and lower costs while reducing the time required to build buildings.

AI, ML, and deep learning will play an even bigger role in the evolution of smart buildings to unified buildings. The increased number of cheaper IoT sensors will generate massive amounts of data that needs to be processed using intelligent systems. We explored how IoT will drive the future of buildings and reviewed a framework developed to achieve the long-term vision for a building. Lastly, we listed a few examples of what we believe the next IoT-driven solutions will be and their...