There are several industry studies which have shown that correlation between SMART data, predictions made based on the data and actual failure rates, is NOT that strong.possibly only correlated in less than a third of hard drive failures. these ratings need to be taken in context, or at least take with grain of salt. Once data is returned, then SOME programs that try to calculate and give a 'probability' of failure or life expectancy rating. There really isn't any enforcement to keep manufacturers in line as far as how their devices report. Ultimately, the manufacturer of the drive decides how and what to report back. In many cases, manufacturers themselves don't adhere to the same interpretation of what a particular data field means relative to their product. Users need to realize, this app (and similar ones) are dependent and/or influenced by several external factors.ġ) The information returned by SMART is open to interpretation. To learn more about Forbes Real Estate Council and see if you qualify for membership, click here. As society tackles serious issues beyond Covid-19 – from climate change to an affordable housing crisis – smart apartments can fundamentally improve people’s quality of life while substantially cutting costs and fossil fuel emissions.įor more information, check out Blake Miller’s executive profile here. Ultimately, he believes smart apartments are no longer a future luxury, but a modern necessity. “Smart technology and automation enables property managers to manage more units at a distance without losing critical resident engagement,” he said. But since all smart devices eventually become obsolete, Miller says the only way to “future-proof” a building is by pairing connected building infrastructure with an open, upgradeable management platform.ĭuring a time when unemployment is the highest it’s been since the Great Depression, Miller emphasized that automating properties isn't about automating away jobs. While many companies can install smart devices such as lights, locks and thermostats, fewer property management services offer unified property management platforms. Next, developers should choose a comprehensive platform that manages all of a building’s smart technology, including property/community management and building automation, in one place. For example, Miller predicts smart HVAC systems and built-in IoT networks will soon be considered utilities like water and electricity. Firstly, it’s not enough to install smart gadgets smart apartments should include IoT connectivity to maximize people and energy efficiency. Miller advises developers interested in building or retrofitting smart apartment buildings to keep a few key considerations in mind. Smart apartments aren’t just possible with new construction older buildings can be retrofitted with smart apartment connectivity, too. Miller says smart apartments integrate three key features – smart amenities, community management and building automation systems – into one connected building system. What makes smart apartments distinct is that they go beyond smart gadgets, which eventually become obsolete. “The concept of smart apartments is an entirely new category and there are a lot of innovative companies in the space,” he said. Miller, who is also the host of the Future of Living podcast, sees a lot of potential on the horizon.
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