Analytics at Edge
One of the primary appeals of IoT within the built environment is the ability to connect to existing data-rich devices and equipment for greater analysis and insight into their operation and performance. Over the past couple of years, we have seen clear movement toward computing and intelligence to the edge. With it, the industry is moving towards a distributed data architecture where multiple nodes work together to perform analytics at the edge.
Computing and analytics are increasingly beginning to reside at the equipment and device sources, enabling data to be generated faster, more efficiently and more reliably than ever before. The ongoing evolution of micro-processing technology has meant that sufficient computing power to perform the heavy lifting of data analysis can now be performed directly onboard the devices themselves. This evolution is happening because of the need to streamline the amount and types of data, reduce latency and manage bandwidth, reduce the amount of data sent to the cloud, reduce complexity, decrease network, improve system response time and decrease potential failure points. The result is the advent of Edge Analytics.
So, what is Edge Analytics? It's an approach that provides analytics at the point of data collection, on devices themselves and in the gateways at the edge of the network close to the things that are the source of the data, such as sensors, controllers, equipment, and machines residing in a building, campus, and or control rooms. Also known as distributed analytics, it means analytics is performed at the point where (or very close to where) the data is collected (at the device level) rather than being required to be sent back to the Cloud before any value can be derived.
We recognize that the ever-increasing flow of data and analytics must be managed more efficiently to optimize information utilization, reduce costs, and improve business performance. Edge analytics clearly offers many benefits. By incorporating “analytics at the edge”, facility management operations can rapidly accelerate processes, reduce data storage and data transfer costs and improve system resilience and performance.
The flexibility and power of edge devices makes them useful in a wide variety of applications and built environments. By offering facility owners and operators an opportunity to improve data processing and analytics locally at the device level, edge devices are an attractive tool for facilities of all shapes and sizes. For these reasons, edge devices will continue to drive change in the built environment over the next decade.
I think it's important to point out that the edge computing and analytics will not replace the Cloud but rather complement it. They will however, bring more efficiency, resilience, flexibility, security and simplicity to the effort. Analytics at the edge ensures that the data resulting from equipment and devices is the best you can get, so that the premises and the conclusions derived can be followed and acted upon within a timeframe in which is needed and required to deliver the maximum value and business outcomes.
In conclusion, we can expect more analytics to move even closer to the edge and become ingrained in the same devices that are generating the data, creating even greater possibilities for inter-device intelligence and interactions and better optimized user experiences. As access to data and the use of analytics becomes mandatory, not optional, demand increases to make computing and analytics availability at the edge as non-negotiable.
This Week’s Sponsor
Embracing open software and hardware platforms, Lynxspring develops, manufactures and distributes edge-to-enterprise solutions and IoT technology, to create intelligent buildings, better energy management, equipment control and specialty machine-to-machine applications. Lynxspring technologies and solutions are simplifying connectivity, integration, interoperability, data access and analysis from the edge to the enterprise and is deployed in millions of square feet of commercial facilities. For more information about Lynxspring, visit www.lynxspring.com.
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Technology and the Impact to a Commercial Real Estate Strategy – Innovators Weigh In - 10/3/2018
For today’s Commercial Real Estate CIO, new technologies continue to emerge that are changing the landscape daily. Long gone are the days where property management, budget and forecasting and e-mail are the only concerns. Today, digital transformation, smart buildings, occupant experiences, automated leasing, artificial intelligence, augmented reality and cyber are just a few of the new technologies impacting the role of CIO. This webinar will discuss the wide-ranging set of technologies changing the commercial real estate industry and more importantly, the types of strategies necessary to navigate at an ever-increasing speed. Hear from some of the industry’s most successful CIO’s regarding this “Age of Acceleration”!
Founder of Realcomm Conference Group, an education organization that produces Realcomm, IBcon and CoRE Tech, the world's leading conferences on technology, automated business solutions, intelligent buildings and energy efficiency for the commercial and corporate real estate industry. As CEO, Jim interacts with some of the largest companies globally pertaining to some of the most advanced and progressive next generation real estate projects under development.
Susan Gerock currently serves as VP, Information Technology and CIO for Washington REIT, a publicly traded REIT based in Washington, DC. She has over 20 years' experience in various technology roles spanning manufacturing, consulting, application service provider, and commercial real estate organizations. Her specialties include ERP selection and implementation, project and change management, and cybersecurity. She is also a proponent of the use of social media and the overlapping relationship between technology and marketing.
Phil Klokis is currently the CIO for the Public Buildings Service (PBS) of the General Services Administration. He is responsible for delivering Information Technology (IT) solutions and services supporting PBS' diverse real estate operations and portfolio management consisting of 1,500 owned assets, 9,000 active leased assets and nearly 350 million square feet of office space.
Ron Victor is a Silicon Valley based technology entrepreneur with 20 years of experience and expertise launching new ventures at start-ups and fortune 1000 technology companies. To-date he has enabled raising more than $30Million in start-up capital for multiple start-ups in silicon-valley. Ron has founded and led three companies to-date with successful exits. His latest venture is IoTium Inc. – a Silicon Valley start-up that provides a secure, cloud-managed, easy-to-deploy software defined network infrastructure for all IoT verticals.
Marc is a pioneer in leading the Intelligent/Smart Buildings and M2M movements pushing the industry forward and has contributed to transforming and changing the Intelligent Buildings and M2M (now IoT) industries. As Chief Marketing and Communications Officer for Lynxspring Marc leads corporate and product marketing, strategy, brand management, public relations and communications that support the company’s strategic and growth initiatives.
Scott Sidman has 14 years of CRE technology experience leading sales and marketing efforts. He is responsible for supporting company growth goals and assuring company and product direction aligns with market needs as well as leads. Scott is CRE tech evangelist and host of a CRE Tech Talks podcast.