Smart Elevators They are vital for institutional, commercial, and residential applications. While smart elevators are not widely available yet, commercial usage is already contributing to over one-third of the overall market. Over the next few years, they are projected to gain wide adoption in institutional buildings. With more companies adopting smart technology, the demand for these systems will only increase. In addition, these elevators are becoming commonplace. By connecting to the internet, these devices will send notifications when faults occur. These systems will also provide companies with detailed data on a growing number of hotels and offices that have begun integrating smart elevators into their buildings. These new features are helping hotels save money on maintenance and repairs, as they don't require human operators to enter and exit their buildings. The condition of their assets. In addition, these elevators can alert lift operators or building mana...