{"id":1004124930,"date":"2015-08-10T06:45:16","date_gmt":"2015-08-10T14:45:16","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004124930"},"modified":"2020-04-29T08:53:43","modified_gmt":"2020-04-29T16:53:43","slug":"august-issue-cre-meet-the-iot","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/august-issue-cre-meet-the-iot\/","title":{"rendered":"August Issue: CFO Corner\u2014CRE, Meet the IoT"},"content":{"rendered":"<div id=\"attachment_1004124931\" style=\"width: 160px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/08\/Steve-Bandolik.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004124931\" data-attachment-id=\"1004124931\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/august-issue-cre-meet-the-iot\/steve-bandolik-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/08\/Steve-Bandolik.jpg\" data-orig-size=\"1000,601\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;6.3&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;Canon EOS 50D&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1282593477&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;50&quot;,&quot;iso&quot;:&quot;100&quot;,&quot;shutter_speed&quot;:&quot;0.008&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Steve-Bandolik\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Steven Bandolik&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/08\/Steve-Bandolik.jpg?w=1000\" class=\"wp-image-1004124931 size-thumbnail\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/08\/Steve-Bandolik.jpg\" alt=\"Steve Bandolik\" width=\"150\" height=\"150\" \/><\/a><p id=\"caption-attachment-1004124931\" class=\"wp-caption-text\">Steven Bandolik, Deloitte Services L.P.<\/p><\/div>\n<p><em>By Steven Bandolik,Contributing Columnist<\/em><\/p>\n<p>Albert Einstein once famously stated, \u201cNot everything that can be counted counts. And not everything that counts can be counted.\u201d Though they predate the Internet era, his words perfectly encapsulate the Internet of Things (IoT) and its close relationship with ambient computing in commercial real estate.<\/p>\n<p>Let\u2019s start by defining these often misunderstood terms. To put it simply, the IoT lives through sensors and actuators embedded in devices that interact with the world. Ambient computing contains this communication at its core and harnesses the environment for business processes and insights.<br \/>\nToday, an estimated 11 billion sensors are deployed in offices and homes, power grids, vehicles and other physical hubs. Meanwhile, an estimated 1.5 trillion objects are still waiting to be put to work. When you consider that the digital universe is expected to grow to 40 zetabytes by 2020, the potential to connect those objects in order to harvest data signals the opening of a new business frontier.<\/p>\n<p><strong>Select, Then Connect<\/strong><br \/>\nEinstein\u2019s words carry an important message about the IoT and ambient computing: Don\u2019t attempt to connect everything that can be connected. As Deloitte\u2019s \u201cTech Trends 2015\u201d report notes, the goal should not be the Internet of Everything, but rather the network of some things, deliberately chosen and purposefully deployed. The connections a company creates offer the best insights on a variety of fronts, including risk management, operational efficiency and the bottom line.<\/p>\n<p>How can the IoT and ambient computing achieve that? Let\u2019s look at some examples:<br \/>\n\u25a0 Space Optimization. Companies often issue badges to employees that track when they scan in and out. However, those badges don\u2019t necessarily register when an employee scans into a specific floor or work space. Enter the IoT and ambient computing. By tracking IP addresses on employee computers with wireless hubs, companies can pinpoint where and when space is being used. The resulting data can suggest solutions ranging from downsizing underutilized office space to enabling the intelligent use of Internet bandwidths and other office utilities.<br \/>\nSmart Tools<br \/>\n\u25a0 Intelligent Utility Usage. Understanding employee behavior can improve conservation, which is where the IoT and ambient computing services come in. ComEd is on track to install smart meters for its customers by 2018. The Chicago-based utility\u2019s goals include providing new tools to manage consumption. A next-generation thermostat uses occupancy sensors, on-device learning, cloud-based analytics and Web services to match energy use to customers\u2019 behavior and needs.<\/p>\n<p>One more recommendation for those looking to dive into the Internet of Things: Be vigilant. Cybersecurity risks can lie within each layer and seam of the IoT. It\u2019s important to take a broad approach to securing ambient computing, which requires constant monitoring. Continuously comparing activities to a baseline of expected behavior can help detect anomalies.<\/p>\n<p>Of course, these are just a few of the issues you and your team should consider about the IoT\u2019s applications. For further information, download a copy of \u201c<a href=\"https:\/\/d2mtr37y39tpbu.cloudfront.net\/wp-content\/uploads\/sites\/46\/2015\/01\/Tech-Trends-2015-FINAL_3.25.pdf\" target=\"_blank\" rel=\"nofollow\">Tech Trends 2015: The Fusion of Business and IT<\/a>,\u201d available on Deloitte\u2019s website. (And don\u2019t miss \u201c<a href=\"https:\/\/bluetoad.com\/publication\/?i=267458#{&quot;issue_id&quot;:267458,&quot;page&quot;:20}\" target=\"_blank\" rel=\"nofollow\">Brave New World<\/a>,\u201d this issue\u2019s cover story about the IoT!)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Steven Bandolik\u2019s monthly CFO Corner column analyzes the concept of tapping into the new world of connectivity.<\/p>\n","protected":false},"author":1260,"featured_media":1004124931,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37301],"tags":[],"class_list":["post-1004124930","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>August Issue: CFO Corner\u2014CRE, Meet the IoT - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/august-issue-cre-meet-the-iot\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"August Issue: CFO Corner\u2014CRE, Meet the IoT\" \/>\n<meta property=\"og:description\" content=\"Steven Bandolik\u2019s monthly CFO Corner column analyzes the concept of tapping into the new world of connectivity.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/august-issue-cre-meet-the-iot\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-08-10T14:45:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-29T16:53:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/08\/Steve-Bandolik.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"601\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Steven Bandolik\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/august-issue-cre-meet-the-iot\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/august-issue-cre-meet-the-iot\\\/\"},\"author\":{\"name\":\"Steven Bandolik\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/9b461f8a91b25776272e1f88849f6a7b\"},\"headline\":\"August Issue: CFO Corner\u2014CRE, Meet the IoT\",\"datePublished\":\"2015-08-10T14:45:16+00:00\",\"dateModified\":\"2020-04-29T16:53:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/august-issue-cre-meet-the-iot\\\/\"},\"wordCount\":537,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/august-issue-cre-meet-the-iot\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/08\\\/Steve-Bandolik.jpg\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/august-issue-cre-meet-the-iot\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/august-issue-cre-meet-the-iot\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/august-issue-cre-meet-the-iot\\\/\",\"name\":\"August Issue: CFO Corner\u2014CRE, Meet the IoT - 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