The Internet of Things (IoT) is playing an increasingly important role in a whole range of different industries. One of the most interesting and promising IoT applications is in managing facilities and buildings, and there are many different use cases here.
The global IoT market is expected to grow by $421.28 billion during 2021-2025 — a CAGR of 33%, and in the construction industry, it’s expected to grow from $8 billion in 2019 to $19 billion by 2027.
Facility managers have to offer new digital services to stay competitive and ahead of the curve, ensuring their buildings are adapted for the future and provide the best possible environment for everyone who will be using them.
GS Technologies Ltd (LON:GST), through its subsidiary, EMS Wiring Systems Pte. Ltd, provides services in the “Smart Building” sector. Smart Building is a diverse term that refers to the technological capabilities of buildings and other work place facilities.