IBT Supplement: Building Automation Industry Cries for Valuation Tools
Building owners, developers, and design professionals have all been seeking guidance to help understand the value proposition of integrated and intelligent buildings (IIB). There are and have been many articles written describing the soft, intuitive benefits associated with integrated building systems and intelligent buildings. However, very little documentation exists related to providing the industry with hard, definitive cost benefits for IIBs. Many building owners, developers, and CIOs have noted this as one of the major impediments in establishing a business case to support fully embracing technology in our buildings. Recognizing this need several years ago the Continental Automated Building Association (CABA), Integrated and Intelligent Building Council (IIBC) formed several task forces to address several key industry questions/issues: