Value
Buildings, including homes, malls, factories, and hospitals, contribute to 37% of global carbon emissions, with energy consumption expected to rise by 70% by 2030 due to population growth and rising living standards. However, this can be mitigated by using AI-based smart systems connected to sensors in buildings, potentially reducing energy consumption and carbon emissions by up to 30% through optimized lighting, heating, and cooling.
Data challenges
Smart buildings generate vast amounts of data from sensors and connected devices. Conventional techniques that centralize this data for analysis are not applicable in all cases due to various data transfer barriers such as regulations such as regional data transfer legislations, the data might be sensitive from a business perspective and/or owned by someone else, or, the volume of data might simply be so large that data transfer becomes a practical problem.