Smart Buildings

How Will AI Change Performance Software In Smart Buildings?

Building performance software is evolving to help facility owners and managers analyse data in order to optimise building processes to maximise efficiency. Machine learning and artificial intelligence (AI) is evolving to optimise building processes to maximise efficiency all on its own. These two elements of the smart buildings movement are developing side by side towards the same goal, but how will they support and/or cancel each other out? In our recent report we estimate that the market for Building Performance Software in Smart Buildings generated $12.72Bn in 2015, and we expect this value to rise to $18.78Bn by 2020, representing a CAGR of 8.1% per annum. Over the course of the last 5 years we have tracked a total of 167 funding announcements relating to 106 building performance software providers, creating investments totalling $2,385 million. Machine Learning meanwhile grew into a major research topic in the mid 2000s, computer scientists and tech corporations began applying […]

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