Navigation Links
A Future-Proof Approach to Intelligent Buildings
Date:6/11/2013

MOUNTAIN VIEW, Calif., June 11, 2013 /PRNewswire/ -- Intelligent building industry participants indicate the use and adoption of life cycle costing (LCC) as a valid prerequisite in the process of adopting intelligent building design, technology and processes. However, presently, use of LCC to determine long-term return on investment is infrequent at best.  As intelligent building technologies are a long-term commitment in most cases, making well-informed purchase decisions is paramount for all involved stakeholders to optimize investments, the end-user experience, energy efficiency, monitoring as well as asset value maximization.  With "big data" becoming mainstream, organizations must harness this intelligence in decision making, particularly when cost allocation is such a high determinant of end-user choice.  For the intelligent buildings market, this insight has not yet been fully utilized to direct decision-making.    

However, for widespread adoption and acceptance of industry standards in terms of intelligent building design, technology and process best practices, there must be agreement in terms of LCC standards as a suitable qualification guideline during the purchase and adoption process.  Ongoing discussions on industry issues among the members of the Continental Automated Buildings Association (CABA), through its Intelligent Integrated Buildings Council (IIBC), underscore the limited use of LCC evaluations to guide procurement decisions, and the potential impact this insight could have on the market.

To shape this research on the role of LCC in intelligent buildings or receive more information, please contact Britni Myers, at britni.myers@frost.com.  CABA and Frost & Sullivan have partnered on this research project, specifically looking at the adoption of public and paid LCC techniques and the resultant benefits it offers various industry participants.  The analysis promises to create an understanding of the technical complexities, as well as the issue of obtaining buy-in for LCC adoption from the myriad of participants representing the intelligent building industry value chain.

"As CABA gears toward initiating this industry-altering analysis in mid-June 2013, it is clear an overwhelming industry interest and support is paving the way for yet another high-value research partnership among key industry participants," said CABA President and CEO Ronald J. Zimmer.  "This landmark analysis will be instrumental in defining key industry metrics and benchmarks in which participants can work from in deciding product design and use to optimize end-user uptake.  This ultimately impacts adjacent markets outside of the intelligent building technology sector for a widespread ripple effect."

While the industry recognizes the benefits associated with the use of LCC, its intermittent incorporation in the decision making process for adopting intelligent building designs and technologies raises valid concerns. Where cost perceptions frequently hamper the adoption of the right technology or project, LCC demonstrations can help industry stakeholders take a more logical and future-proof approach to justifying intelligent building investments.

"The comprehensiveness of current LCC techniques in their ability to properly evaluate an intelligent building project is often questioned," said Frost & Sullivan Partner Roberta Gamble.  "Further, limited usage of these methods also establishes the fact that the pros and cons behind each of these tools and techniques are not fully understood by the industry to propagate the need for adopting one over another. Through a vast body of collaborative research with CABA and IIBC, we have determined the absence of clear, concise and widespread LCC methods and other value justification standards, which are a key, unmet market need."

Click here for more information on CABA's related intelligent buildings research.

About the Continental Automated Buildings Association (CABA)

CABA is an industry association dedicated to the advancement of intelligent homes and intelligent buildings technologies. CABA is an international association, with over 300 major private and public technology organizations committed to research and development within the intelligent buildings and connected home sector. Association members are involved in the design, manufacture, installation and retailing of products for home and building automation. CABA is a leader in initiating and developing cross-industry collaborative research, under the CABA Research Program.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. 

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.  
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible.  This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.  

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community.

Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?  

Contact Us:     Start the discussion

Join Us:           Join our community

Subscribe:       Newsletter on "the next big thing" 

Register:        Gain access to visionary innovation

Contact:
Britni Myers
Corporate Communications – North America
P: 210.477.8481
F: 210.348.1003
E: britni.myers@frost.com
Twitter: @Frost_Sullivan
Facebook: Frost & Sullivan
http://www.frost.com


'/>"/>
SOURCE Frost & Sullivan
Copyright©2012 PR Newswire.
All rights reserved

Related biology news :

1. New chemical approach to treat Alzheimers
2. Agencies should use common approach to evaluate risks pesticides pose to endangered species
3. Novel therapeutic approaches to cure chronic HBV infection
4. BUSM researchers identify novel approach to study COPD and treatment efficacy
5. Vitamin P as a potential approach for the treatment of damaged motor neurons
6. Einstein study reveals new approach for stopping herpes infections
7. Novel treatment approach for bladder pain using a herpes simplex virus vector reported
8. New approaches for controlling pesticide exposure in children
9. New approach alters malaria maps
10. UC research takes a new approach to identifying food deserts
11. Research finds promising approaches to prevent Latino childhood obesity
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:4/11/2017)... PALM BEACH GARDENS, Fla. , April 11, ... biometric identity management and secure authentication solutions, today ... million contract by Intelligence Advanced Research Projects Activity ... technologies for IARPA,s Thor program. "Innovation ... the onset and IARPA,s Thor program will allow ...
(Date:4/5/2017)... 2017  The Allen Institute for Cell Science today ... one-of-a-kind portal and dynamic digital window into the human ... first application of deep learning to create predictive models ... and a growing suite of powerful tools. The Allen ... future publicly available resources created and shared by the ...
(Date:3/30/2017)... , March 30, 2017  On April 6-7, 2017, ... the Genome hackathon at Microsoft,s headquarters in ... competition will focus on developing health and wellness apps ... Hack the Genome is the first hackathon ... The world,s largest companies in the genomics, tech and ...
Breaking Biology News(10 mins):
(Date:10/10/2017)... ... 2017 , ... The Pittcon Program Committee is pleased to ... who have made outstanding contributions to analytical chemistry and applied spectroscopy. Each award ... conference and exposition for laboratory science, which will be held February 26-March 1, ...
(Date:10/9/2017)... ... October 09, 2017 , ... The award-winning American Farmer ... first quarter 2018. American Farmer airs Tuesdays at 8:30aET on RFD-TV. , With ... with the challenge of how to continue to feed a growing nation. At the ...
(Date:10/9/2017)... ... 2017 , ... The Giving Tree Wellness Center announces the ... of consumers who are incorporating medical marijuana into their wellness and health regimens. ... operators of two successful Valley dispensaries, The Giving Tree’s two founders, Lilach Mazor ...
(Date:10/7/2017)... ... October 06, 2017 , ... ... for microscopy and surface analysis, Nanoscience Instruments is now expanding into Analytical ... broad range of contract analysis services for advanced applications. Services will leverage ...
Breaking Biology Technology: