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Many real estate firms tend to wait for a well-proven ROI before making tech investments. Even those that recognize the economic value of the IoT may forego investments because they are unable or unwilling to bear the upfront costs.
Recognizing this, government entities and non-profit organizations have created a web of incentives for landlords to implement IoT and other “Smart Building” technologies.Read More
A great irony persists when calculating the return on investment for Internet of Things (IoT) technologies in commercial real estate: The value of the IoT lies in the data it generates, but to calculate this value exactly, data is required.
For once, it is not enough to simply say that the real estate industry is slow to adopt new technology. There are inherent aspects of the business that make exact calculations difficult.Read More