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 firstname.lastname@example.org. CABA and Frost & Sullivan have partnered on this research project, specifically looking at the adoption of public a
|SOURCE Frost & Sullivan|
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