Accolent IoT

“Internet of Things is transforming the everyday physical objects that surround us into an ecosystem of information that will enrich our lives. From refrigerators to parking spaces to houses, the Internet of Things is bringing more and more things into the digital fold every day, which will likely make the Internet of Things a multi-trillion dollar industry in the near future.”
-PricewaterhouseCoopers about the future of IoT

The Internet of Things (IoT) is a system of interrelated computing devices, mechanical and digital machines, objects, animals or people that are provided with unique identifiers and the ability to transfer data over a network without requiring human-to-human or human-to-computer interaction.

The IoT Industry will reach over $300B by the year 2020 and represent over 75 billion connected devices. Accolent’s Strategy is to anticipate what this means for the living and/or operations experience relative to the projects we manage.

IoT is important to society because it can simplify and improve people’s quality of life. With respect to Real Estate, IoT can provide superior living experiences for homeowners and renters. Important IoT features and examples include:

Connectivity – Ability to operating multiple devices/things from a single device

Monitoring – Provides advantage of knowing things in advance, i.e., security, supplies, distribution, consumption and energy usage/management

Efficiency – Saves time on certain tasks – e.g., Voice assistants like Amazon Alexa

Convenience – Smart Appliances that can reorder food or schedule repairs

Wellness – Wearable devices providing real time information

Conservation – Increased Utilization of Renewable Energy – Solar, Wind and Battery Storage

Personalization – Devices that can learn your likes and tailor their services to your preferences

Security - Security surveillance, monitoring, and alarm triggering

Internet of Things (IOT)