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Mapping the Strategic Direction of Bosch Energy & Building Technology in Smart Buildings 2024
August 28th, 2024Australian Building Analytics Startup CIM Environmental Examined
August 26th, 2024
Infogrid Company Financials & Acquisition of Buildings IOT Examined
This Research Note takes an in-depth look at UK startup Infogrid’s acquisition of Buildings IOT technology, announced on 21st August, and their filing of 2022 company accounts. We review Infogrid’s 2022 financial highlights and the turbulent history of the startup before examining the Buildings IOT technology acquisition. Founded in 2018 and headquartered in London, UK, Infogrid offers IoT solutions aimed at optimizing energy usage, enhancing facility management, and driving sustainability. The company offers a suite of products, including Smart Cleaning, Energy Reduction, and Energy Reporting, and leverages data analytics to improve building operations, occupant comfort, and energy efficiency. Infogrid has raised a total disclosed funding of over $148 million from a combined total of 11 different investors. LinkedIn currently reports 108 employees. Infogrid 2022 Financial Highlights 2022 financials for the company were finally filed with authorities on 20th August 2024. The document discloses revenues and reports in US dollars which is not typical for a […]
How Do AI & Policy Impact Building Energy Use & Emissions?
In this research note, we take an in-depth look at a new study published in Nature Journal that evaluates Artificial Intelligence’s (AI) potential for reducing energy consumption and emissions in the building sector, alongside energy policy and technology development, to model AI’s impact in various scenarios. Based on the assumption that AI can reduce cost premiums and, therefore, increase the penetration of energy efficiency technology in buildings, the study found that adopting AI could reduce energy consumption and carbon emissions by approximately 8% to 19% by 2050. However, by combining AI with energy policy and low-carbon power generation, as much as 40% of energy consumption and 90% of carbon emissions could be saved. “If we assume that AI reduces the cost of implementing energy efficiency by 5%, how much additional energy and carbon benefit could be achieved?” the study hypothesizes. “Instead of concentrating on a specific AI technology, the objective of this study is to […]
Cisco Spaces Platform Examined 2024
This Research Note examines Cisco Spaces, formerly known as DNA Spaces, a cloud-based platform that leverages Cisco network infrastructure and collaboration devices to provide occupancy analytics and indoor location intelligence for building operations. Cisco Spaces Value Proposition By utilizing infrastructure such as Cisco Meraki, Webex, and Catalyst hardware, enterprises can make buildings smarter, at a low TCO (Total Cost of Ownership) and at scale. There is a significant installed base of 3.1 million access points – switches, cameras, collaboration devices, and third-party IoT sensors – currently connected to Cisco Spaces cloud. Cisco Spaces is deployed by 8,000 enterprise customers worldwide, in around 276,150 commercial buildings which collectively represent 9.5 billion square feet. Target Markets For the commercial real estate sector, Cisco Spaces offers core workspace applications that address hybrid work, meeting room finders, occupancy analytics, energy utilization, environmental monitoring and IT asset tracing. For the retail sector, they offer Wi-Fi onboarding & customer acquisition, In-store […]
What’s Behind the Acquisition of NFS Technology by Korbyt?
This Research Note examines what’s behind Korbyt’s latest move to acquire NFS Technology. We review the deal in the context of the workplace experience and resource scheduling software sectors, highlighting the strategic rationale for the acquisition and assessing the market trends and consolidation in the overall workplace technology market. Korbyt Korbyt is a Texas-based SaaS workplace experience platform provider. Founded in 1981, the company has a multi-decade history in providing digital signage as RMG Networks. In 2020, the company repositioned itself as Korbyt, with a workplace communications software offering that enables organizations to engage their audiences – employees, students, customers, and guests – through a single integrated platform across multiple channels, including digital signage, desktop, web, email, and mobile devices. Korbyt reports 119 employees on LinkedIn. NFS Technology Founded in 1994 and based in Hertfordshire, UK, NFS Technology offers the Rendezvous meeting room booking platform which helps businesses achieve maximum space utilization and connects the […]
Carrier Portfolio Transformation: Exit of Commercial & Residential Fire Businesses
This Research Note reviews Carrier’s announcement to divest its commercial and residential fire business to an affiliate of Lone Star Funds for an enterprise value of $3 Billion. This transaction is part of a series of divestments, brought about by the acquisition of Viessmann Climate Solutions. The state of play of Carrier’s portfolio transformation activities is assessed, followed by our analysis of the Carrier commercial fire detection businesses, GST, and Edwards. Series of Planned Business Exits This divestment is the last of a series of planned business exits brought about by the agreement to acquire Viessmann Climate Solutions in April 2023. Since then, there have been several divestments, including commercial refrigeration, industrial fire, and global access solutions businesses. Closing of the sale of the commercial and residential fire business is expected by the end of 2024, subject to regulatory approvals and closing conditions. Carrier Commercial and Residential Fire Business Carrier commercial and residential fire businesses […]
Interoperability for Big Data to Drive AI into Buildings?
Few places in the world have a more challenging mix of climate politics and aging building stock than Europe. In an effort to meet its various climate goals, the European Union has instigated, funded, and supported a wide variety of projects designed to reduce the impact of buildings on the environment. In this research note, we take an in-depth look at one such project, MATRYCS, which seeked to harness the power of big data to drive artificial intelligence into building energy management. MATRYCS is a co-funded European project focussed on the utilization of Big Data and AI to decrease energy consumption in buildings. The most notable outcome of the project is the MATRYCS Modular Toolbox, which enables a framework for modeling, decision-making, big data analytics, and visualizations in smart building management and digital twins. The toolbox essentially delivers an open reference architecture for buildings, which aligns popular BDVA SRIA, FIWARE architecture, as well as SAREF, […]
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