AI to Cloud: With eye on future, smart office boom grows louder
Business Standard
|December 13, 2023
Smart offices, equipped with top-notch facilities for employee wellbeing and collaboration, are gaining ground in India.
They offer a superior work experience for employees, allowing developers to attract tenants faster and command a premium over traditional options.
Smart office buildings incorporate features such as smart desks and conference rooms, motion sensors, automated attendance systems, advanced video monitoring, and indoor digital maps, utilising emerging technologies like the Internet of Things (IoT), artificial intelligence, Cloud, and other advanced collaboration tools.
Real estate consultancy Anarock forecasts a rise in demand for smart workplaces.
"While there is rapidly growing interest, smart workplaces are still in a nascent stage in India. However, the market for them could grow at a 25-30 per cent compound annual growth rate over the next five years," said Bappaditya Basu, chief business officer, Anarock Commercial.
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