Popular on PrZen
- Aquia Inc. Selected to Support the U.S. Air Force and DoD's Platform One CNAP Team on its Mission to Modernize Federal Government's Cybersecurity - 177
- San Diego Patch Company sets up www.MauiStrong.help site to help raise money for the residents of Maui - 133
- Aquia Inc. Announces Support of Platform One's Iron Bank in an Effort to Centralize and Standardize Application Hardening Throughout the DoD - 128
- Esteemed Teacher and Author Sheds Light on Coping with Loss in Unusual Ways in New Novel, Hungry - 112
- Japanese based management company Superball AKB48 Group Makes U.S. debut
- Experienced Voices™ Podcast Series Hosts Leading Entrepreneurs on Secrets to Success, What Entrepreneurs Need to Know
- Entrinsik's User Conference, Entrinsicon 2023, Returns to Raleigh!
- EIG Global Trust Announce The Release of Their Fully Backed One Million US Dollar Value Stable Coin
- Greenville, SC Economic Development Leader Mark Farris Stepping Down
- Goddess Good Fridae's 'What A Feeling' Dropping During TIFF This Friday!
Similar on PrZen
- Global Luxury Value Exchange, Idoneus, Transitions to 100% IDON Transactions
- Cleveland Broadband Selects Axiros' AXESS 5 ACS Software for Advanced Gigabit Internet Service
- Green Office Partner Ranks on the Inc. 5000 Annual List of the Fastest Growing Companies in America
- The New Trace One Ushers in a New Era for CPG and Retail Product Innovation
- The Luxe Team at Dale Sorensen Real Estate Brevard Presents 100 Ocean Condominium in Melbourne, Florida
- Wave2 Launches New Dynamic Data Integration Features to Elevate Bank and Credit Union Convenience
- Higi Selects ThoroughCare to Assist in Managing Chronically Ill Patients
- Introducing the State-of-the-Art National Security Operations Center: Enhancing Safety and Vigilance Nationwide
- Actionstep Acquires North American Legal Accounting Platform Soluno
- RelyMD Bolsters its Telehealth Platform with Mental Health Services via CuraLinc Partnership
Internet of Things Poised to Transform Multi-Dwelling Unit Industry -- VANTIVA's Reza Raji
PrZen/33503125
PARIS - PrZen -- 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).
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.
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).
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.
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
Filed Under: Construction, Technology
0 Comments
Latest on PrZen
- Global Luxury Value Exchange, Idoneus, Transitions to 100% IDON Transactions
- USA Green Card Celebrates the State Department's Historic Inclusion of the UK in the DV-2025 Green Card Lottery
- Do Grandparents Make Good Parents?
- Cleveland Broadband Selects Axiros' AXESS 5 ACS Software for Advanced Gigabit Internet Service
- Green Office Partner Ranks on the Inc. 5000 Annual List of the Fastest Growing Companies in America
- Office Calgary Inc, announces office expansion plans
- PFW Recap: CHOCHENG Spring/Summer 2024 Les Parapluies De CHOCHENG
- The New Trace One Ushers in a New Era for CPG and Retail Product Innovation
- The Luxe Team at Dale Sorensen Real Estate Brevard Presents 100 Ocean Condominium in Melbourne, Florida
- How to Apply Online for a Loan that pays You in 24 hours
- Metro Commercial Miami Team Doubles
- Wave2 Launches New Dynamic Data Integration Features to Elevate Bank and Credit Union Convenience
- Texas Advocacy Project Aids 10k+ Abuse Victims Annually; Offers Subject Matter Experts for Domestic Violence Awareness Month
- Introducing Stack & Sprout: The Revolutionary Vertical Plant Growing System for Urban Gardeners
- Higi Selects ThoroughCare to Assist in Managing Chronically Ill Patients
- Introducing the State-of-the-Art National Security Operations Center: Enhancing Safety and Vigilance Nationwide
- August 2023 Financial Market Review
- Lane Music Partners with Nashville International Chopin Piano Competition
- New Study Finds Wide Disparities in Bicycle Safety Across U.S. Cities
- Wellsboro, Pennsylvania Named Ninth Best Fall Town in the U.S. for Foliage