With the onset of digital building systems in the 1980s, such as HVAC, elevators, lighting, metering, and parking, the real estate industry was unprepared for this new technology. Nearly 40 years later, the industry still hasn’t caught up to the rapidly changing technology. Today, contractor pre-site visit health screening and remote access management add even more dimension to an already complex environment.
Due to this technology market shift and the need to address public health in your buildings, data has become a utility requirement in real estate, much like electricity, water, and gas. As with the three original utilities (water, electricity, and gas), data also requires an infrastructure for building systems interoperability, analytics, visualization, AI, and cybersecurity. We call this The Fourth Utility™ Approach.