Today’s contracting environment is characterized by tools that enable productivity. This includes technology solutions (such as project management software) that enable building operators and contractors to monitor and measure project completion.
Technology is all about opportunity and innovation convergence. In a poor, rural, Southern California school district, officials saw an opportunity to meet a critical need for internet access and came up with an innovative solution, using one of its most plentiful resources.
Demand for wiring and cabling is expected to grow in the months and years ahead. Low-voltage applications for light-emitting diode (LED) technology and fiber optic cabling within the power-generation and telecommunications industries will help drive this market.
The success of one technology often feeds another. For example, renewable power and energy storage have each other to thank, in many respects, for their combined rising popularity. Storage helps meet the needs of renewables, and their growth, in turn, increases the demand for more storage.
The market for light-emitting diode (LED) products and technology is more attractive than ever because of energy-conservation concerns and lower maintenance costs. Until now the cost wasn’t attractive enough for broad appeal.
As I wrote in Part I of this article: “There is no such thing as a new $5,000 Rolls-Royce. If you want the quality, the engineering and the performance, you need to pay for it. Good intelligent infrastructure is no different.”
The family home. It might be an apartment, a condo, a townhouse or a detached, single-family home. Or a mansion. We don’t know your life, but most of us live somewhere with lights, appliances and a TV (or two), and someone has to keep all of that functioning.
Imagine a home where security cameras can distinguish between a dog, person and car and then alert you on your smartphone. Or, envision cameras in your refrigerator that enable you to check food inventory while grocery shopping.
The art and science of using video to confirm the status of alarms detected at a protected premises continues to improve with affordable technology and an updated standard set for release as early as the end of this month.
If the cost of five minutes of downtime is $450,000,000,000, then spending another $4,000,000,000 to decrease it to an average of two minutes a year is a bargain. The cost/benefit analysis is clear.
(Editor's Note: For part 1 in this series, click here.)