The impact of the pandemic on the intelligent buildings sector is the focus of this recently completed Landmark Research Project. The goal of this research was to evaluate the key issues and challenges presented by pandemic for the intelligent buildings industry and provide an objective assessment of the current impact, the implications for present and future technology evolution to meet post-lockdown requirements, and the measures that will help build future resiliency for this industry.
Intelligent Buildings and COVID-19: An Unprecedented Transformation for the Industry
The COVID-19 pandemic has impacted nearly every industry and fundamentally changed the way business will be conducted going forward. Beyond health, safety and environmental risks, the impact of COVID-19 has already forced various industries to consider business transformation initiatives to deal with the “new normal” circumstances resulting from this pandemic. The intelligent buildings industry is no exception. In many ways, this industry and its value chain will continue to be faced with acute recovery challenges for a much longer time given the fact that buildings and their occupants place significant restraints on rolling out reset and recovery measures effectively. For operators, building staff, city and municipal authorities and technology solution providers, this calls for tremendous recalibration and reorganization of initiatives to handle re-entry and building operation measures in the post COVID-19 scenario.
The objective of this engagement was to evaluate the key issues and challenges presented by COVID-19 for the intelligent buildings industry and provide an objective assessment of the current impact, the implications for present and future technology evolution to meet post-lockdown requirements, and the measures that will help build future resiliency for this industry. As intelligent buildings industry participants deal with the imminent slowdown and fundamental shifts brought about by COVID-19, there are distinct pockets of opportunity that the emerging future scenario could deliver. The goal of this project was to evaluate the key challenges and opportunities and identify response measures that will help build resiliency. The project was accordingly divided into three inter-related modules with succinctly defined scope and deliverables as depicted in the following exhibit.