How IoT is lowering the cost of building management systems
RCR Wireless News gives a quick overview of how the Internet of Things is reducing the cost of having expensive building management systems. From their article published in August of 2016: "Now, thanks to the “internet of things,” those capex costs are significantly decreased and continue to become more affordable. The IoT, with its low-powered networks and inexpensive sensors, is helping to keep smart building costs down. According to Buildings, adding IoT-based controls and monitoring to a building can cost from just $5,000 to $50,000. Intel said an IoT-based approach using wireless sensors can reduce deployment cost by around 30% when compared to a traditional BMS." Read more.