Image: Alamy There’s a lot of discussion about “digital transformation.” But what exactly is it? Why is digital transformation critical for commercial facilities? And what technology enables this transformation? With 91% of businesses engaged in some form of digital initiative, 87% of senior business leaders prioritize digitalization and 89% of all companies have already adopted a digital-first business strategy or plan to soon. The global digital transformation market is expected to grow to $1 trillion by 2025. Businesses are investing profits to meet the needs of a connected, digitized world of end-users – from online banking, emails, texting, finding a place to eat, travel to, and products to purchase. Businesses are streamlining operations to expedite customer relations and services – one of many transformations occurring. Most often the physical infrastructure where all digitization occurs – buildings – are the overlooked piece of the equation – unless something goes wrong. This, however, has been changing rapidly over the last few years. Smart components have existed for decades in buildings. From HVAC to water systems, and everything in between. However, advances in cloud computing and IoT have introduced the concept of merging the disjoined systems to allow for huge efficiency leaps […]
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