The smart buildings market has greatly evolved over the last two decades.
The internet of things (IoT) introduced technology that made data, automation and control accessible and cost-effective for a much greater share of building stock than the legacy building automation technologies designed for large, complex facilities. Meanwhile analytics, or the software layer of the smart building solution, have become increasingly effective in translating data into business-relevant insight, resulting in more strategic and executive-focused offerings than other facilities management products.
Technology and service providers have discovered that defining clear use cases focused on business challenges and occupant-centric benefits can drive real momentum in the smart buildings market.
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.