TRIC ’ S EAL BILITY
IoT , AI and other machine learning technologies are helping to address some of the greatest challenges and opportunities in today ’ s commercial real estate industry . To provide comfortable , healthy buildings and achieve net zero , there is some complexity on the automation and optimisation side . But today ’ s IoT systems are much more intelligent and the knowledge needed to operate them and to oversee multiple systems is far less burdensome .
The Internet of Things constitutes the use of sensors , software and other physical information-collecting technologies in businesses . It is pervasive in the buildings industry and allows manufacturers to do more ‘ light retrofits ,’ which addresses a large portion of today ’ s real estate market and the increased demand to reduce energy and increase automation .
“ By having IoT sensors and devices as part of our building systems , we can now connect straight to the Internet via wireless connection ,” says Andre Marino , SVP , Digital Buildings Global LOB at Schneider Electric . “ This means customers can digitise and augment their current systems or bypass older systems and go straight to the cloud , avoiding the need to replace a lot of existing infrastructure . This is a key component of retrofitting buildings , as 50 % of today ’ s buildings will be in operation in 2050 , as well as for small and mid-size buildings that need faster and simpler installation with less complexity .”
It ’ s also applicable for large and new buildings where IoT helps provide more processing power , flexibility and access to more valuable data to help reduce energy use and increase decarbonisation . There ’ s
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