Commercial Real Estate
In the context of an increasingly competitive real estate market, connected solutions make buildings more convenient, safe, clean, efficient, and profitable. The commercial real estate industry is primed to reap significant benefits from automation.
Cloud computing, while providing tremendous benefits, requires data to be transferred hundreds or thousands of miles with multiple network hops away. This results in delay, network congestion, multiple security risk points, and significant bandwidth costs. If the cloud or underlying networks have issues, your users and applications are affected. To address these issues, processing platforms must be closer to where the data is created, and where retail systems are controlled.
There are myriad business applications based on sensors and data collection and processing at the edge for Commercial Real Estate developers and property managers.
As a result of the Covid-19 pandemic, in 2020 and 2021 smart building technology providers launched an impressive range of products aimed at environmental safety, such as air filtration systems, people counting for social distancing, visitor management solutions for contact tracing, thermal imaging, and more.
While the rush to ensure buildings were operating safely redirected the strategies of many sellers and buyers of smart building solutions, the advent of a vaccine brought value beyond pandemic management to the spotlight, including space utilization sensors (for common spaces, meeting rooms, and individual offices) and virtual, or remote field service management products.
Edge Computing in Commercial Buildings
Edge computing provides data processing closer to the data source, with improved response times, reduced bandwidth load, lower energy consumption, increased data security, and support for new innovations happening in real-time, including automated control systems (HVAC, lighting, physical entrance security, water leak management, overall water and energy use management, and more).
Query-based tasks and automated actions can happen independently over mesh networks, like Veea’s vMesh solution, while deeper analytics and visibility, and control across distributed locations can be performed in the cloud.
The growth of 5G, particularly private 5G networks, is giving Commercial Real Estate operators a boost in edge computing, with these networks improving connectivity and providing greater reliability for IoT solutions, while also improving signaling indoors so smartphones and other communications devices simply work better and more reliably.
Digital twins designed for operational management improvements will continue to be a high-growth area for years to come, as a very significant digital innovation made possible when multiple sensors, including cameras for computer vision, are used. Whether a commercial property is an office complex, hospital, educational facility, transportation hub, government building, large campus, big-box store, stadium, mall, or other, digital twins that replicate the environment using beacons and sensors reduces the cost of operations, while increasing the experience within the property, making it more valuable.
Benefits of Veea’ssolution for Commercial Real Estate include:
- Faster Response Times for users and applications
- Reduced Network Bandwidth and Storage
- Autonomous Local Operation
- Improved Data Privacy/Security by keeping it local
VeeaHub® Smart Computing Hubs™ combine the capabilities of wireless routers, IoT gateways, edge servers, local storage, and security elements in a router-sized package that fits wherever typical routers are installed.
VeeaHubs can be easily combined to form a wireless mesh of processing and connectivity resources wherever they are needed.
- LAN: Ethernet, Wi-Fi
- WAN: Ethernet, 4G LTE*
- IoT: LoRaWAN*, Bluetooth, Zigbee, USB, Serial
- Storage: SDXC
VeeaHub Key Features and Benefits for Commercial Real Estate Developers and Property Managers
- Plug-and-play deployment with zero-touch automated registration to the network for all devices under management
- App-based local management via Bluetooth
- Browser-based Veea Control Center with central cloud-based management of edge mesh networks
- Robust wired and wireless connectivity with multiple radio protocols, ethernet, serial, and USB for maximum system flexibility.
- Scalable connectivity mesh with easily configure coverage and capacity via multiple wireless protocols