S1 Launches Smart Building Management Solution 'BlueScan'

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[Asia Economy Reporter Kim Cheol-hyun] S-1 Corporation (CEO Noh Hee-chan) announced on the 29th that it has launched 'BlueScan,' a smart building management solution that combines sensor technology with building management expertise.

BlueScan is a solution that attaches Internet of Things (IoT)-based sensors to key building facilities, enabling remote detection of abnormalities. When an issue occurs in the building, it is detected through sensors attached to the main facilities. This can be monitored at the 'Control Center' and customers are immediately notified for real-time response. Customers can remotely control cooling/heating systems, lighting facilities, and more through a dedicated app, allowing for efficient building management.

Recently, as the real estate investment fund market has grown, interest in building operation income has increased. Traditional building management services have been labor-intensive, requiring 24-hour on-site staff, resulting in high labor costs. However, BlueScan replaces monitoring personnel with IoT sensors, reducing labor cost burdens. Additionally, remote operation through IoT technology is possible, which is expected to lead to energy savings. The reduced operating costs benefit investors, and S-1 anticipates that BlueScan will attract significant interest from many asset management companies.

According to S-1's own research, there are approximately 90,000 buildings in Seoul alone that can adopt smart building management. Through the launch of BlueScan, S-1 plans to continuously expand its smart building market presence and sustain growth in its building management business. The market expansion will include not only large buildings but also universities, public institutions, and large apartment complexes. With reduced labor cost burdens, there are also plans to extend services to small and medium-sized buildings of about five floors.

S-1 stated, "With the launch of BlueScan, we have created a new paradigm in building management services by combining building management expertise with advanced sensor technology in security services," adding, "We aim to achieve a dominant No. 1 position in the building management business through continuous market expansion."