IoT platforms, such as GE’s Predix, IBM’s Watson, and SAP’s HANA on unified facilities management solution

It is increasingly interesting to observe that, IoT platforms, such as GE’s Predix, IBM’s Watson, and SAP’s HANA, in collaboration with facility service providers, like CBRE, ISS World, and ENGIE, are gradually integrating multiple building automation systems to deliver a unified facilities management solution.

While most facility service providers are still in the early stages of evaluating smart building solutions and face a set of challenges related to solution in-house or third-party technology vendor, it is now obvious that, Smart building platforms are seen as a valuable tool to address growing sustainability challenges and customer demands for personalized services, reduce costs, and increase workspace flexibility.

ABI Research reveals that, North America and Western Europe are leading the dynamic regarding smart building automation systems in the IoT; while the Asia-Pacific region will grow quickly and account for one quarter of global facility service revenue, or $2 billion, in 2021.