Trending...
- 888BoatLaw.com Awards $1000 For FWC Pink Tag Bass Contest
- Webinar Announcement: AI Governance: Balancing Innovation and Responsibility
- The Heart of "Rooted In Rhythm": Bridging Gaps Through Music and Community
PARIS - ncarol.com -- As Internet of Things (IoT) technologies continue to mature at an ever accelerating rate, the property management industry is uniquely positioned to take the integration of consumers' physical and digital lives to the next level, says Reza Raji, senior vice president of IoT at VANTIVA -- formerly known as Technicolor -- in a podcast interview for journalists.
In so doing, operators and owners of multi-dwelling units (MDUs) offering IoT-based services are creating new value propositions that will transform the entire sector. It is a trend that is already gathering stream.
According to analysts at Parks Associates, over one-third of U.S. MDU property managers report offering IoT and smart home devices to residents in at least one property they manage.
"While IoT has been getting a lot of press attention in recent years, the underlying technologies have been around for decades. Specific elements of IoT are used by leaders in the multi-dwelling unit sector to manage a wide array of operations that improve compliance, streamline processes and -- in an increasing number of cases -- generate new revenue streams," says Raji.
That said, there are a lot of misconceptions about IoT that need to be dispelled.
"Many believe that IoT is simply about putting a bunch of sensors and devices that can be connected via wireless protocols. Others think it's a gateway…or maybe an app," he notes. "In reality, it is all of those things. IoT solutions integrate intelligent devices, sensors, gateways and multiple software layers to access cloud resources and gain insights from -- as well as control of -- connected devices throughout MDUs."
IoT, he adds, enables the collection and aggregation of data that can then be processed to generate real-time and predictive analytics through artificial intelligence and machine learning (AI/ML).
More on ncarol.com
It can be utilized to collect, aggregate, and use data to automate simple functions -- such as setting thermostat levels and controlling exterior lights -- in a manner that optimizes efficiency to create savings.
"The possibilities are almost endless. Let me offer a simple example of IoT in action. Say a tenant locks themselves out of their apartment. Instead of hunting down a manager -- or calling a locksmith during off-work hours -- doors can be unlocked automatically through a mobile app after ensuring identification and authorization. It saves all involved time, money and aggravation," says Raji.
Role of IoT in Enhancing Compliance and Reducing Liability
Compliance and liability management are among the most important -- and complex -- issues property owners and managers must address to run healthy businesses.
"In multi-dwelling units, for instance, water damage is a top-priority safety and compliance issue that IoT can address. If you can prevent water leakage from happening in the first place -- or detect it as quickly as possible -- enormous sums of money can be saved while preventing safety and health issues from worsening, like slippery floors and black mold," Raji says.
IoT can even be applied for rodent detection by integrating sensors and traps that wirelessly communicate their status. Monitoring and controlling common pests across the board can have a massive impact because it is both a health and safety issue. It is a preventative measure that IoT solutions can streamline and optimize.
Security is essential as well.
"Ensuring the safety of tenants through centralized and automated security systems can significantly reduce liability issues. While security is not new, integrating it with other operational silos while automating and managing critical functions from a central place can address critical areas of concern in a highly responsive and cost-effective manner," he says.
More on ncarol.com
VANTIVA Stakes Out Position in MDU IoT
While many MDU operators can gain significant value from its effective IoT implementation, most lack the expertise and knowledge to integrate these moving parts and achieve important business objectives seamlessly.
The reason is that IoT can be extraordinarily complex. The industry itself is highly fragmented. Critical value chain links still need help with how best to come together to create cohesive business solutions.
"This is why the right partnerships are going to play a critical role in ensuring the success of IoT in the MDU environment," says Raji. "Nobody should expect property managers and owners to become technology experts. Just as they rely on service providers to deliver Wi-Fi or cable TV services, they should look for experts who can deliver IoT integration services."
VANTIVA, he says, comes at the challenge from a position of strength because the company's decades of experience and expertise in delivering internet, Wi-Fi connectivity and integration services to residential environments.
"We have been enabling connected homes around the world for decades. Our connectivity and wireless solutions are used by more than 250 operators globally," he says. "We also set the industry standard in fiber home gateways that provide robust home network controls, advanced Wi-Fi technologies and mobile apps that enable end users to optimize today's truly connected home."
VANTIVA, he observes, also leads the industry in end-to-end security and privacy solutions and holds an ISO 27001 certification -- the global standard for information security management.
"These pillars of competencies uniquely position VANTIVA to deliver integrated IoT solutions to ensure safe, reliable, stable, high-performance IoT services to the MDU market," he concludes.
Editor's Note: To read the full Q&A, visit:
https://bit.ly/3UFp7cw
In so doing, operators and owners of multi-dwelling units (MDUs) offering IoT-based services are creating new value propositions that will transform the entire sector. It is a trend that is already gathering stream.
According to analysts at Parks Associates, over one-third of U.S. MDU property managers report offering IoT and smart home devices to residents in at least one property they manage.
"While IoT has been getting a lot of press attention in recent years, the underlying technologies have been around for decades. Specific elements of IoT are used by leaders in the multi-dwelling unit sector to manage a wide array of operations that improve compliance, streamline processes and -- in an increasing number of cases -- generate new revenue streams," says Raji.
That said, there are a lot of misconceptions about IoT that need to be dispelled.
"Many believe that IoT is simply about putting a bunch of sensors and devices that can be connected via wireless protocols. Others think it's a gateway…or maybe an app," he notes. "In reality, it is all of those things. IoT solutions integrate intelligent devices, sensors, gateways and multiple software layers to access cloud resources and gain insights from -- as well as control of -- connected devices throughout MDUs."
IoT, he adds, enables the collection and aggregation of data that can then be processed to generate real-time and predictive analytics through artificial intelligence and machine learning (AI/ML).
More on ncarol.com
- Karen Mueller Leads the Charge in Infection Prevention as SterileCare Drives Meaningful Change in Catheter Care
- AI — Past, Present, and Future: Verb Presents Features Jay Preston
- New Free St. Patrick's Day Bingo Cards Announced – Print or Play Digitally!
- MANE DRINK to Launch Lion's Mane Mushroom Coffee in April — Pre-Orders Now Open for Nootropic Cold Brew
- Curated for You partners with Microsoft to unlock the future of AI-powered fashion discovery
It can be utilized to collect, aggregate, and use data to automate simple functions -- such as setting thermostat levels and controlling exterior lights -- in a manner that optimizes efficiency to create savings.
"The possibilities are almost endless. Let me offer a simple example of IoT in action. Say a tenant locks themselves out of their apartment. Instead of hunting down a manager -- or calling a locksmith during off-work hours -- doors can be unlocked automatically through a mobile app after ensuring identification and authorization. It saves all involved time, money and aggravation," says Raji.
Role of IoT in Enhancing Compliance and Reducing Liability
Compliance and liability management are among the most important -- and complex -- issues property owners and managers must address to run healthy businesses.
"In multi-dwelling units, for instance, water damage is a top-priority safety and compliance issue that IoT can address. If you can prevent water leakage from happening in the first place -- or detect it as quickly as possible -- enormous sums of money can be saved while preventing safety and health issues from worsening, like slippery floors and black mold," Raji says.
IoT can even be applied for rodent detection by integrating sensors and traps that wirelessly communicate their status. Monitoring and controlling common pests across the board can have a massive impact because it is both a health and safety issue. It is a preventative measure that IoT solutions can streamline and optimize.
Security is essential as well.
"Ensuring the safety of tenants through centralized and automated security systems can significantly reduce liability issues. While security is not new, integrating it with other operational silos while automating and managing critical functions from a central place can address critical areas of concern in a highly responsive and cost-effective manner," he says.
More on ncarol.com
- OpenSSL 3.1.2 Achieves FIPS 140-3 Validation
- Studica Robotics Named International Industry Partner for RoboCup Germany Smart Farming Challenge
- Hilton Head Luxury Homes: Top Luxury agent Lynne Anderson Joins Berkshire Hathaway HomeServices Hilton Head Bluffton Realty
- The Future of Power Testing: How Portability and Intelligence are Reshaping Protection Relay Testing
- Electives Launches AI Simulations to Give Employees a Safe Space to Practice Critical Skills
VANTIVA Stakes Out Position in MDU IoT
While many MDU operators can gain significant value from its effective IoT implementation, most lack the expertise and knowledge to integrate these moving parts and achieve important business objectives seamlessly.
The reason is that IoT can be extraordinarily complex. The industry itself is highly fragmented. Critical value chain links still need help with how best to come together to create cohesive business solutions.
"This is why the right partnerships are going to play a critical role in ensuring the success of IoT in the MDU environment," says Raji. "Nobody should expect property managers and owners to become technology experts. Just as they rely on service providers to deliver Wi-Fi or cable TV services, they should look for experts who can deliver IoT integration services."
VANTIVA, he says, comes at the challenge from a position of strength because the company's decades of experience and expertise in delivering internet, Wi-Fi connectivity and integration services to residential environments.
"We have been enabling connected homes around the world for decades. Our connectivity and wireless solutions are used by more than 250 operators globally," he says. "We also set the industry standard in fiber home gateways that provide robust home network controls, advanced Wi-Fi technologies and mobile apps that enable end users to optimize today's truly connected home."
VANTIVA, he observes, also leads the industry in end-to-end security and privacy solutions and holds an ISO 27001 certification -- the global standard for information security management.
"These pillars of competencies uniquely position VANTIVA to deliver integrated IoT solutions to ensure safe, reliable, stable, high-performance IoT services to the MDU market," he concludes.
Editor's Note: To read the full Q&A, visit:
https://bit.ly/3UFp7cw
Source: VANTIVA
0 Comments
Latest on ncarol.com
- 888BoatLaw.com Awards $1000 For FWC Pink Tag Bass Contest
- Dexter B. Jenkins: Championing Financial Literacy and Empowering Generational Wealth Through Faith-Based Guidance
- Best-Selling Author Maurice I. Crawford Unveils Explosive New Book
- Q4 2024 Industry Impact Report Highlights Shifts in Arizona Tech Employment Trends and Investments
- Webinar Announcement: AI Governance: Balancing Innovation and Responsibility
- Aterna AI Unveils AI Trading System with 67% Annual Returns for Career-Focused Professionals
- RoarFun attracts visitors with a motion flight simulator rental and virtual branding at the London Heathrow Aviation Carbon Sustainability conference
- No Pressure Power Washing Launches Hassle-Free Home Maintenance Plans for Raleigh Homeowners
- 35th Annual Safe Sober T-Shirt Design Contest Winner Announced at Career Center High in Winston-Salem, North Carolina
- Expansive Estate in South Texas Seeks New Vision, 147 Acres Up for Grabs
- Events by Dubsdread Unveils the 2025 Orlando Wedding Pricing Guide
- Local Company Gets National Industry Recognition
- OneSolution Dental Implant Centers Announces All-on-X Digital Workflow Master Course in Palm Beach, FL
- Allen Field Co., Inc. Cuts Through the Hype: Real Packaging Solutions, No Buzzwords at Pack Expo Southeast 2025
- New Brightspeed Fiber Internet Residential Customers Can Get Connectivity For As Low As $29 Per Month*
- Digitek Solutions, an Alta Vista Company, Unveils Next-Generation Hosting Hardware at Arizona Data Center
- Himamauli Das Joins K2 Integrity as Senior Managing Director and Counsel
- Have a Special Japanese Honeymoon Experience in Nikko, Japan, With Photoshoot
- Tone Commander releases next-generation AS-SIP, APL-listed, and TSG-6 certified SIP phone with GigE, POE, and fiber SFP connectivity
- Andrew B. Louis is Working on His 14th Novel, Number 13 Will Be Out This Month