How PropTech and smart buildings improve our well-being and protect the environment
Sep 27, 2023
PropTech has seen many innovations in the past decade, especially with the rise of data collection methods and algorithms to analyze them and make smarter decisions. It has disrupted the whole real estate industry – from construction machinery to property management and finances.
However, the hottest area for PropTech is the sector of smart buildings. This market has exploded, especially in the light of ecodesign regulations and climate goals.
Having the data, extracting insights by using Machine Learning/Artificial Intelligence, and being able to make huge commercial and environmental decisions based on them is what makes smart buildings and PropTech so attractive.
Smart buildings play a big role in achieving the net-zero emissions target
reducing the use of fossil fuels for heating on-site and off-site to zero,
using renewable resources for construction,
achieving energy efficiency through energy consumption reduction
and digitalization for smarter building management.
HVAC and electricity demand
With PropTech in place, you track everything in a building – from HVAC operation, temperature and humidity, to simple things like whether the lights are switched off at the end of the day.
And since air conditioning is consuming so much power, using AI technology to analyze the need for power (e.g. based on weather or space occupancy) and automate the turning off air conditioning units on and off is a smart environmental choice and allows you to stay compliant with the regulations.
See our in-house AI solution for HVAC energy consumption optimization: Optimus Power
With PropTech, landlords optimize profits, costs, and savings
“The data centers will indirectly affect the CO2 emission because of the growing energy demands. The leading IT businesses are building their new data centers in the high latitude areas in the Arctic region (…)
These companies are using the natural advantages to reduce the energy consumption of the data centers, hence indirectly reducing their participation in the CO2 emission.”
And hopefully, reduce their prices along the way.
This is just one example of the growing need for smart technology in commercial buildings because not every company has the luxury to transfer a part of their operations to a more suitable place.
Businesses with a lot of servers need to optimize humidity, energy demand and temperature in server rooms. This might be beneficial for their end users in terms of keeping the lower prices for the same quality of service.
Use data from smart buildings wisely
As you’ve seen, data is an invaluable resource if you gather it correctly, implement technology to analyze it and use the insights to make better decisions in the future for your building.
Apart from making profits and savings for your real estate, and providing greater comfort to the tenants – PropTech is a strong tool for achieving goals and targets set by global climate directives.
Which brings us to the main point – making use of data is a smart decision for our overall well-being.
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