Phoenix Energy Technologies Unveils Groundbreaking Data Integration Solution: ClassifyAI™ Revolutionizing Multi-Site Commercial IoT

IRVINE, Calif.--(BUSINESS WIRE)--Phoenix Energy Technologies (“Phoenix”), a leading provider of Enterprise Energy Management (EEM) Software and Solutions, announced the launch of its groundbreaking data integration solution, ClassifyAI™. This innovative tool revolutionizes the landscape of multi-site commercial IoT by addressing the challenges associated with unifying IP-enabled devices across diverse portfolios.

Customers across industries face the common challenge of integrating various IP-enabled devices, including building controls, sensors, and meters, into a single platform. Additionally, access to relevant third-party data streams such as weather and utility billing remains limited. As a result, decision-making regarding energy consumption, occupant comfort, and asset performance is often hindered, leading to a reactive "break-fix" model for asset management.

With over 15 years of industry expertise, Phoenix has earned a best-of-breed reputation by enabling customers to transition to data-driven asset management practices without capital investment in new equipment. The company's SaaS platform, EnterpriseDX®, has consistently delivered three key value propositions:

1. Collect: Facilitating efficient and comprehensive data gathering through software connectors, ensuring seamless integration with legacy IP-connected devices while maintaining data privacy and security.
2. Analyze: Providing valuable insights into energy, asset, and comfort metrics through software applications and Business Intelligence reporting, enabling proactive decision-making.
3. Act: Enabling users to make manual or automatic adjustments to schedules, setpoints, and subsystem settings from one cloud-hosted platform, optimizing operations and energy conservation measures.

The technical challenges inherent in data integration, particularly in the "Collect" phase, led Phoenix to develop ClassifyAI™. This Machine Learning tool empowers rapid discovery and classification of data points from various sources, spanning tens of thousands of locations, in minutes, with exceptional accuracy.

ClassifyAI™ addresses the complexities of connecting to multiple building management systems and IoT devices by leveraging Machine Learning algorithms and a proprietary dataset. By harmonizing descriptions and unifying data from disparate systems, ClassifyAI™ simplifies and accelerates the integration process, reducing transition time from system connectivity to live operations.

A flagship customer's experience showcases ClassifyAI™'s capabilities, processing 50,000 data points in 30 minutes with over 99% accuracy. This remarkable efficiency enhances decision-making and optimizes building performance, marking a significant advancement in the industry's standards.

“We’re excited to unveil ClassifyAI™, our latest solution aimed at revolutionizing the multi-site commercial IoT landscape,” said Glen Schrank, CEO of Phoenix Energy Technologies. “Understanding the complexities our customers face when integrating diverse portfolios of IP-enabled devices is crucial. With ClassifyAI™, we’re tackling these challenges head-on by streamlining data gathering and harmonization processes. This innovative tool empowers proactive decision-making, optimizes operations, and enhances building performance, marking a significant advancement in the industry’s standards.”

Phoenix's deployment of AI tools, including ClassifyAI™, reflects a meticulous approach to innovation, emphasizing performance, cost-effectiveness, and risk mitigation. Drawing on extensive operational data, Phoenix ensures the technology's suitability and reliability, reaffirming its commitment to delivering transformative solutions.

About Phoenix Energy Technologies

Phoenix Energy Technologies has been providing Smart Building IoT analytics solutions to customers for more than 15 years. Phoenix Energy Technologies pairs industry expertise with solutions that are uniquely capable of integrating new and existing systems to create a seamless web-based platform that drive cost efficiencies and improve comfort. The Company’s EnterpriseDX® IoT data platform generates ROI for customers by optimizing equipment efficiency that reduces energy costs, decreases repair and maintenance spend and lowers capex by extending the life of assets. For more information about Phoenix Energy Technologies, visit http://www.phoenixet.com