IoT automation and analytics software company Waylay announced its low-code automation platform for smart buildings, in response to increasing market demand for new intelligent building automation applications that rely on sensor data and data from building management systems.
According to ABI Research (*), the automated building market has traditionally focused on four conventional sectors: HVAC, lighting, access control and fire & life safety. Today, new emerging applications in space management, environmental monitoring, asset management and cleanliness & hygiene management are being offered. Together, these new solutions will grow at 32% CAGR over the next 8 years to create US$2 billion in software and services revenues by 2026.
Waylay delivers its IoT automation platform to manufacturers of building equipment, building management service providers and software companies to deploy these new intelligent building applications and realize a swift response to changing circumstances, legislation and customer needs.
Next-gen smart building applications
Waylay’s automation platform complements ongoing IoT initiatives and processes real-time sensor data, from both legacy systems as well as new sensors, to add a new layer of business intelligence to smart buildings. Waylay’s data analytics fuels new solutions for optimized facility management, preventive & predictive maintenance of HVAC systems, failure detection, occupant safety, asset and energy optimization, alarm response and optimized field service teams to streamline business processes and create new, high-margin revenue streams.
Automation platform kickstarts new smart building scenarios
The Waylay smart building automation platform no longer requires the typically complex mix of IT development skill sets to create, productize and maintain new use cases. The low-code development environment with drag & drop rules engine visual programming interface allows cross-organization collaboration. Data scientists can efficiently put their algorithms in production, while maintenance managers can develop and validate their own information, decision & control flows and tweak and maintain them as needed. None of this requires lengthy IT development cycles. The automation platform for smart buildings hosts a set of use-case rule templates that kickstart the creation of new scenarios and that can be adapted for every specific building, structure or environment. This results in a quick go-to-market of new smart building applications and minimal in-house resources and skills to maintain the solutions platform.