A steep rise in computing power and rapidly decreasing costs of connectivity are setting the stage for widespread adoption in commercial buildings
A new report from Navigant Research examines the role of artificial intelligence (AI) across the commercial buildings value chain, analyzing the outlook for six key types of AI and providing an analysis of the use cases, opportunities, and barriers associated with AI in intelligent buildings.
AI has the potential to redefine how technology automates equipment operations and enhances the occupant experience in commercial buildings. It will be a tool in the building automation toolbox and will change how commercial buildings are designed, constructed, operated, and tuned to the environment and tenants. Click to tweet: According to a new report from @NavigantRSRCH, AI represents the next frontier in sophisticated technology solutions for the intelligent building.
“The business of owning and managing commercial facilities has been transformed by intelligent building technologies,” says Casey Talon, principal research analyst at Navigant Research. “AI is the next frontier for the market, enhancing the automated and ongoing systems improvements to generate new revenue streams and optimize the occupant experience.”
For some key industry segments, such as automation and controls, intelligent building solutions have proved disruptive by altering the competitive landscape and threatening the market position of legacy leaders. In other segments, such as the design, build, renovate segment, key industry players are just now exploring how they can innovate and evolve. According to the report, this range in impact is expected to be amplified as AI solutions enter the market.
The report, AI for Intelligent Buildings, explores the role of AI across the commercial buildings value chain, the types and applications that are best positioned to permeate the market, and the outlook for adoption across key business activities. Navigant Research analyzes the outlook for six key types of AI in the commercial buildings industry: machine learning, speech recognition, video content recognition, computer vision, virtual personal assistants, and robotics. The study provides an analysis of the market issues, including use cases, opportunities, and barriers, associated with AI in intelligent buildings. An Executive Summary of the report is available for free download on the Navigant Research website.
Contact: Lindsay Funicello-Paul
* The information contained in this press release concerning the report, AI for Intelligent Buildings, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.