A steep rise in computing power and rapidly decreasing costs of
connectivity are setting the stage for widespread adoption in commercial
buildings, report finds

BOULDER, Colo.–(BUSINESS WIRE)–#AI–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.

About Navigant

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.

Contacts

Navigant Research
Lindsay Funicello-Paul, +1-781-270-8456
[email protected]