Introducing Smart Spaces: The Future of Connected Places

Today, most businesses and institutions have much more data about their spaces than they could ever fully analyze or put to use. But soon, with connected places (also known as Smart Spaces), that will no longer be the case. Smart spaces are physical locations equipped with networked sensors to give owners, occupants and managers more and better information about the condition of those locations and how they’re used so that they can constantly improve their efficiency and comfort.

what exactly is a smart space?

A smart space is a physical location equipped with networked sensors that collect data about the space. This data can be used to improve the efficiency of the space, as well as the experience of those who use it. For example, data collected from sensors can be used to optimize heating and cooling, or to provide real-time information about available parking. Additionally, smart spaces can be used to create a more seamless experience for occupants by integrating with other connected devices, such as access control systems and lighting.

Who will benefit from them?

Smart spaces will benefit everyone who owns, occupies or manages a physical location. By equipping these locations with networked sensors, they will be able to gather more and better information about the condition of the space and how it is being used. This will allow for better decision-making, improved efficiency and a higher level of customer satisfaction. In short, smart spaces are the future of connected places.

How much will smart spaces cost?

The cost of smart spaces will vary depending on the size and type of space, as well as the features and number of sensors installed. However, a recent study by the National Institute of Standards and Technology found that the average cost per square foot for a basic installation is between $1 and $5. Compared to other new construction in commercial real estate, which costs around $40 per square foot according to data from the Council of Large Public Housing Authorities, this price may be affordable enough to make an impact in many industries such as healthcare or education. 

In addition to standard buildings and public housing complexes, smart spaces are also being developed at airports and military bases where they can be used to monitor security checkpoints and help control access. 

No matter how they’re implemented or what industry they serve, smart spaces can provide valuable information about how a building is being used and how it should be used in the future.

Where do we go from here?

The internet of things (IoT) is upon us, and there’s no turning back. In a recent study, it was found that by 2025, there will be 75.44 billion connected devices worldwide. That’s a lot of potential data! And with the advent of 5G technology, we can expect even more connected devices and higher speeds. So what does this mean for our physical spaces? With all these sensors in place, we can finally get detailed information about how people are using our places. For example, who spends the most time at work each day? What are they doing while they’re there? Are they taking enough breaks or making too many trips to the coffee machine? Once answered, managers could adjust their space to suit those needs better.