In today's fast-paced world, it seems technology is moving faster than it ever has. Just when you think you have the latest equipment for anything from telephones to televisions to computers, along comes something else designed to be better, quicker and more efficient.
Buildings are no different. They must constantly monitor the new products and technology that is available for their entry systems, telephones and Internet capabilities. Let's face it: cable television and high-speed Internet access are must-haves in almost any modern household.
"Now that we're five years into the 21st Century, co-ops and condos are more cognitive about getting the latest advancements and making their residents happy," says John Paleski, president of Subcarrier Communications in Old Bridge, New Jersey. "There are so many things that people are aware of now when it comes to the latest technology in the home for their computers and such."
But bringing things up to speed isn't just a matter of plugging in a new appliance; sometimes new infrastructure is needed to support new technology. That can be time consuming - and pricey - so shareholders have to be sure that they know what they are getting and that they upgrade with something that won't be considered a dinosaur a year down the road.
"Of course, you can't be 100 percent certain that something better won't come along, because new things are always coming to the surface," says Kirk Belinfanti of Belaris Wireless, a wireless communications company in New Rochelle, New York. "But if a building is still operating with wires they have had for 10 or 20 years, it's a good bet that any changes they make will create a drastic difference in service, whether it be for telephones or Internet service."