As adoption of IoT surges, we explain the tangible benefits landlords, tenants and registered providers can gain from this technology.
There is no doubt that The Internet of Things (IoT) is changing our lives, with consumer IoT products such as Hive and Nest now common place within homes. It is therefore no coincidence that it is now an emerging force in the housing sector.
Whilst many early adopters focused on energy efficiencies and temperature usage, application is now being widely extended, with data integration becoming core to business processes and workflows.
Taking the initial step
For businesses that are yet to adopt IoT, this may appear daunting. But it doesn’t have to be.
Barriers to entry have diminished due to: cheaper data storage; IoT device cost reduction and proliferation in type; greater connectivity options; cost- effective applications for different needs; ever improving cloud IoT platforms to easily develop and manage new solutions and a growing range of off-the shelf IoT solutions that don’t need huge amounts of technical expertise to implement.
Further, IoT is a journey with many benefits to be realised every step of the way.
That said, it’s also true that the more sophisticated your strategy and implementations are, the more you stand to gain.
IoT provides infinite opportunities for landlords to improve management of their property asset, satisfy their responsibilities, whilst at the same time delivering an improved tenant service. The good news is that this can all be achieved whilst benefitting from cost and resource efficiencies.
Finally, benefits can be realised beyond day-to-day operational matters, as the associate IoT data can provide a reliable source for analytics and insights to support medium and long term strategies.
notiria are specialists in IoT deployment, the enabler for Big Data.
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