Smart Buildings on the Rise

For buildings to be truly smart, physical and data security must converge, says Colin Tankard, pictured, Managing Director of data security services company Digital Pathways.

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The word ‘smart’ is often applied to devices that are enhanced through Internet connectivity, with the best-known example currently being Smartphones that have transformed the way that we communicate. Such technology is also helping to make buildings smarter. According to IDC, after a relatively slow start, spending on smart building technology is forecast to grow from US$6.3 billion in 2014 to reach US$17.4 billion in 2019, which is a cumulative annual growth rate of 22.6%. Among the reasons for this growth is the increasing number of regulations regarding energy efficiency in buildings.

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