Covid-19 can accelerate the digital transformation in construction and the implementation of the idea of smart cities. Office buildings, but also shopping malls and public buildings are used less intensively. This means the need to minimize all costs related to e.g. with their heating, air conditioning or lighting. In buildings where employees have returned to stationary work, new functionalities are needed to ensure greater health safety.
This is what intelligent building automation systems based on the Internet of Things are used for, and the market demand for such solutions has been growing in recent months.
GS Technologies Ltd (LON:GST), through its subsidiary, EMS Wiring Systems Pte. Ltd, provides services in the “Smart Building” sector. Smart Building is a diverse term that refers to the technological capabilities of buildings and other work place facilities.