Powerhouse Dynamics, creator of the SiteSage® enterprise asset and energy management system, announced that it has been honored with the 2016 MassTLC Best Use of Technology: Internet of Things award. 

Emerson Network Power has introduced the iCOM CMS, a new thermal system control aimed at giving IT professionals monitoring and protection of equipment in small IT spaces supporting edge computing. The new system is available in North America.

The global ZigBee home automation market is forecast to increase at a compound annual growth rate (CAGR) of 26 percent from 2016 to 2020, according to a report from Sandler Research.

CytexOne has announced its smart commercial building practice, targeted to commercial buildings, university campuses, and related facilities, to provide energy efficiency, security, and automation for reduced operational expense and heightened intelligence and reporting.

Though the smart buildings market continues to suffer from a fragmented ecosystem as proprietary building automation solutions dominate, ABI Research forecasts smart buildings global facility services revenue will grow from $625 million in 2015 to more than $8 billion in 2021.

TPG Growth announced it has invested in C3 IoT, reinforcing its position in the Internet of Things (IoT) market. According to the company, C3 IoT applies the sciences of big data, advanced analytics, and machine learning to enable smart business processes.

Verdigris, an artificial intelligence (AI) company for smart buildings, has announced the launch of Einstein, its next-generation Internet of Things (IoT) smart sensor and metering solution designed to reduce energy consumption and cost in buildings.

Emerson has announced the opening of The Helix Innovation Center at Georgia Tech, a new collaboration and innovation space located in Technology Square, the university’s innovation hub. This new site expands Emerson’s global network of innovation facilities.

The global smart building market is forecast to grow from $5.73 billion in 2016 to $24.73 billion by 2021, increasing at a compound annual growth rate (CAGR) of 34 percent from 2016 to 2021, according to a report published by MarketsandMarkets.