R is for retrofitting, and other smart city misconceptions
David Yim, Sales and Marketing Senior Manager, Halio International, sees advantages for existing buildings to be retrofitted with advanced technology in 2019, turning them greener and smarter.
“The potential for application of the IoT in commercial real estate is immense as the technology exists, but adoption rate lags as the industry perception remains that the IoT process is expensive, time-consuming or that such technology is only worth the long-term investment for new buildings only,” said Yim.
“Instead, what is needed is for owners and investors to understand how technology advancements of today, like smart-tinting glass, can better translate to higher building efficiency, smart decision-
making, and security which add value to the property.”