BOULDER, Colo.--(BUSINESS WIRE)--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.
About Navigant Research
Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Energy Technologies, Utility Transformations, Transportation Efficiencies, and Buildings Innovations sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.
Navigant Consulting, Inc. is a specialized, global professional services firm that helps clients take control of their future. Navigant’s professionals apply deep industry knowledge, substantive technical expertise, and an enterprising approach to help clients build, manage and/or protect their business interests. With a focus on markets and clients facing transformational change and significant regulatory or legal pressures, the Firm primarily serves clients in the healthcare, energy and financial services industries. Across a range of advisory, consulting, outsourcing, and technology/analytics services, Navigant’s practitioners bring sharp insight that pinpoints opportunities and delivers powerful results. More information about Navigant can be found at navigant.com.
* 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.