Practical Applications Of AI In Smart Buildings
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Executive Summary
AI applications have become increasingly widespread over the last decade, in line with advances in computing power and scientific research. In the smart building sector, AI has the potential to automate routine processes, unlock new insights from data sets and facilitate faster decision-making. This report provides real estate and facilities management executives with insights into practical and high-value AI applications in commercial real estate. The analysis finds that the most mature AI applications are across building control automation, optimizing maintenance and extracting lease information. The next frontier of AI innovation will centre around space planning and enhancing workplace experience. Firms should use this report to inform their digitization journeys, whether they are experimenting with AI or extending existing implementations.AI Is Beginning To Deliver New Efficiencies In Building Management
Defining AI
Smart Building Technology Draws On Three Fields Of AI
AI Is Emerging As A New Differentiator For Smart Building Technology Vendors
Highest-Value Applications Of AI Appear In Automating Building Operations And Energy Management
The Next Frontier Of AI Innovation In Real Estate Will Centre Around Space Planning And Workplace Experience
The Advance Of AI In Buildings Is Limited By Aging Infrastructure And Lack Of User Trust
Three Steps To Start Extracting Value From Your AI Smart Building Strategy
Figure 2. Applications Of AI In Commercial Real Estate
Figure 3. Awareness Of AI Amongst Real Estate And Facilities Executives
About the Authors
Ben Hext
Industry Analyst
Ben is an Industry Analyst in the Verdantix Smart Buildings practice. His current agenda covers hardware and software solutions for energy management, on-site power …
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Susan Clarke
Research Director
Susan leads the Verdantix Smart Buildings practice. Her current research agenda focuses on software solutions for real estate management including integrated workplace managem…
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