As the Internet's emergence coincided with better technology, the Internet of Things (IoT) grew to cover different sectors of the industrial branch because of its ability to maintain the upkeep of operations without much cost. Tech Wire Asia reported that IoT is being explored for what it can bring to real estate--building and property management.
In real estate, the maintenance of a building requires lifelong dedication. It is something that can also interrupt the tenants' lives--their work as well as how their family can live in comfort. Fortunately, IoT has become disruptive enough to permeate even antiquated real estate methodologies. Automation and resolution co-exist perfectly to provide solutions for real estate agencies at the click of a mouse button.
IoT can do a lot of things that normal, human maintenance or upkeep can't. For one, with a connection to the building's mainframe, an aging building will have timely maintenance with IoT keeping tabs through sensors and real-time monitoring devices. It's one of the reasons why the world has started recognizing using IoT in more ways than one.
Take the contract between Geotab and the General Services Administration, for example. According to Sys-Con, Geotab and the GSA Fleet--a division of the GSA--closed an agreement, where the company will maintain the GSA Fleet's 217,000 vehicles using its patented fleet management technology.
The GSA Fleet has been in the business of providing quality, efficient, and economical fleet management services to different federal agencies. With a fleet size like it has, aside from other services like leasing and disposal and maintenance control, the GSA Fleet is surely in need of a trusted fleet manager.
Geotab stepped in to provide IoT as a solution. Through IoT, Geotab will maintain the entire fleet as well as manage everything--from the cab to the control room. Geotab has also proven itself capable enough to handle the security and transparency needed so that GSA would have little to no problems maintaining its fleet.
Aside from what Geotabs uses IoT for, it can also be used by real estate agencies in making sure buyer transactions are completed with enough due diligence on both parties. When the property is already sold, IoT makes sure that it is on top of ensuring energy efficiency--an important issue with most real estate investors nowadays.
With all these game-changing ideas, IoT is surely not just a pipedream anymore. It is every bit a partner of the real estate industry as it evolves into the future.
