Honeywell (Nasdaq: HON) and Analog Devices, Inc. (Nasdaq: ADI) announced at CES 2024 that they have entered into a Memorandum of Understanding to explore the digitization of commercial buildings by upgrading to digital connectivity technologies without replacing existing wiring, which will help reduce cost, waste, and downtime. The strategic alliance would bring this new technology to building management systems for the first time.
Many of the commercial buildings in the United States are outdated and inefficient and, according to the Energy Information Administration (EIA), the majority of them were built before the year 2000. Additionally, organizations are relying on networking
Many of the commercial buildings in the United States are outdated and inefficient and, according to the Energy Information Administration (EIA), the majority of them were built before the year 2000. Additionally, organizations are relying on networking
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