Frost & Sullivan Recognizes the Power of Digital, Open and Interoperable
In the month that Frost & Sullivan?awarded ABB its?2021 global?product?leadership?award?for?intelligent buildings, the issue of being able to successfully innovate and deliver open, flexible solutions for tomorrow’s world - also at scale and for older buildings - is once again placed under the independent spotlight.?
The role that digital technology has in revitalizing ageing buildings is significant. According to the World Economic Forum’s?Exponential Climate Action Roadmap, digital technologies could already help reduce global carbon emissions by up to 15 percent through solutions in energy, manufacturing, agriculture and land use, buildings, services, transportation, and traffic management.?The digital sector can take the pace of change to the next level with the adoption of technologies such as 5G, the Internet of Things (IoT) and artificial intelligence (AI).
At ABB, it’s not just our commitment to open digital innovation that has come into its own, but the interoperability of our offering offers huge benefit to our customers. Our vendor agnostic technologies allow building operators to leverage their existing infrastructure without being limited by, or locked into, a specific manufacturer. This is important for new building projects, and critical for older building stock that may require retrofitting.
Digital??
Hot on the heels of?COP26,?the role that buildings play in managing climate change is under the microscope. And the opportunity is substantial.?
According to European Commission, Europe’s 220 million building units, representing 85 percent of the European Union’s building stock, were built before 2001 and are expected to be standing in 2050. Similarly, the World Green Building Council estimates the global building stock to double by 2050 to reach 415 billion square meters and urges a three percent year-on-year energy renovation rate of current global building stock to achieve carbon neutrality by 2050.
Frost & Sullivan’s independent market research analysts recognized ABB’s digital leadership. We have combined building hardware and software with advanced technologies, including AI, machine learning (ML), and cloud services. This allows building and facility managers to monitor, manage, and optimize building systems and offer analytics capabilities by collecting data from sensors and meters, processing the data, and providing tools that enable data interaction.
Open and Interoperable?
Frost & Sullivan estimates the revenue generated by digital building solutions will surpass $25 billion by 2025. Its own research reveals that they key drivers for the homes and buildings segment concern corporate social responsibility goals, reduced operational expenditure, the proliferation of IoT, and most recently, taking care of fresh and clean air.?
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Through commending us with the?2021 global?product?leadership?award?for?intelligent buildings?award, Frost & Sullivan further endorses the capabilities of the?ABB’s Ability??Building Ecosystem as an agnostic, scalable, and flexible energy management platform, featuring capabilities for visualization, effective management, active decision-making, and streamlined compliance.??
Additionally, the team of independent analysts endorse it as a solution for old and new buildings that drives substantial energy cost savings.
“The?ABB Ability??Building Ecosystem allows building and facility operators to achieve an average energy saving of 20-25 percent, and in some cases, up to 40 percent,” explained?Anirudh Bhaskaran, Senior Industry Analyst at Frost & Sullivan. “These savings justify the initial investments quickly with a sound business case.”?
Examples of where the??solution is in use on a substantial scale??includes??several airports worldwide, including the one-million-square-foot Terminal Two building at?Dublin Airport.?And there are many more.?
It almost goes without saying that the future of smart buildings is digital. But it is ‘open’ too.?I am immensely proud that?our comprehensive portfolio of smart buildings solutions is commended for its interoperability?and ability to holistically address industry challenges as we partner with customers around the world every day, looking to make an environmental difference.??
The ability to retro-fit older buildings with the smart technology that newer infrastructures are adopting at pace, enables real estate owners and operators of all types, and irrespective of their location, to actively contribute to a low-carbon society.??
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