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- Infogrid Acquires Buildings IOT to Drive Automation in Building Efficiency
Infogrid Acquires Buildings IOT to Drive Automation in Building Efficiency
Slice of Real Estate Team
August 23, 2024
Key Highlights:
Infogrid acquires Buildings IOT to integrate adaptive building technology, enhancing automation and energy efficiency.
Strategic acquisition addresses global real estate challenges like net zero targets and skilled labor shortages.
Combined technologies enable quicker energy and carbon reductions, optimizing costs and operational efficiency.
Source (Business Wire)
Notable Quotes:
"This technology acquisition marks a pivotal moment in our mission to transform the built environment with technology that is as good for the planet as it is for the bottom line."
"Combining the Infogrid and Buildings IOT technologies will be essential in aiding the built environment’s shift to low carbon and making significant strides towards decarbonizing operations."
Our Take:
Infogrid's acquisition of Buildings IOT represents a significant leap forward in the realm of smart building technology. By integrating adaptive automation with advanced analytics, Infogrid is not only addressing the immediate pressures on the real estate sector—such as energy costs, regulatory demands, and skilled labor shortages—but is also positioning itself at the forefront of the industry's transition towards sustainable and efficient operations. This move underscores the growing importance of AI and data-driven solutions in achieving both financial and environmental goals in the built environment.