Factors Influencing the Adoption of Smart Building and Service Preferences in Sri Lanka

Weerawardhana Savindika, Weerakoon Thilina Ganganath (), Wimalasena Sulaksha and Moganaraj Nivethan
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Weerawardhana Savindika: Faculty of Applied Science & Technology, Sheridon College-Hazel McCallion Campus, Mississauga, Ontario, Canada
Weerakoon Thilina Ganganath: Institute of Civil Engineering & Real Estate Economics, Riga Technical University, Riga, Latvia
Wimalasena Sulaksha: Institute of Civil Engineering & Real Estate Economics, Riga Technical University, Riga, Latvia
Moganaraj Nivethan: Institute of Civil Engineering & Real Estate Economics, Riga Technical University, Riga, Latvia

Baltic Journal of Real Estate Economics and Construction Management, 2024, vol. 12, issue 1, 18-35

Abstract: The notion of smart buildings is becoming a global trend. The smart concept is spread not only via buildings but also through cities, transportation, and communication. Many difficulties human beings face can be solved by smart building technology. For example, environmental contamination and resource depletion, such as water and fossil fuels. In Sri Lanka, smart building adoption was at a low level. As a result, the purpose of this research is to assess user comprehension of smart building service preferences and adoption from a Sri Lankan viewpoint. A questionnaire survey is used to obtain data from the community as part of the data collection approach. To achieve the objectives stated above, the data will be analysed using principal component analysis, multiple regression analysis, and Pareto analysis. Results indicated that the majority of Sri Lankans do not grasp smart building technologies. Using principal component analysis, eleven major service preferences were determined. Multiple regression analysis is used to identify the factors that influence service preference. The most essential elements impacting smart building adoption are competency to utilize new technology, preference for smart building attributes, and user satisfaction. This study would be an excellent resource for the future adoption of smart building technologies in Sri Lanka.

Keywords: building management system; service preferences; smart buildings; Sri Lanka (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:bjrecm:v:12:y:2024:i:1:p:18-35:n:1

DOI: 10.2478/bjreecm-2024-0002

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