When it comes to energy efficiency, older buildings often get a bad rap. Constructed long before modern efficiency standards and packed with aging systems, they’re perceived as energy hogs. Yet, these structures—whether historic landmarks or mid-century office blocks—make up a significant portion of the built environment. Rather than tearing them down, retrofitting offers a sustainable and cost-effective pathway to transform these buildings into 21st-century efficiency champions.
The Case for Retrofitting
Retrofitting is the process of upgrading existing building systems to improve energy performance, comfort, and operational efficiency. For older buildings, this is not just a nice-to-have but a necessity. Energy costs are rising, ESG (Environmental, Social, and Governance) compliance is becoming critical, and tenants increasingly demand green and efficient spaces.
But retrofitting isn’t just about installing LED lights or adding insulation—though those help. The game-changer lies in automation and controls, which bring intelligence, adaptability, and precision to energy management.
Challenges of Retrofitting Older Buildings
Before diving into solutions, it’s essential to understand the unique challenges of retrofitting older buildings:
Outdated Infrastructure: Legacy systems may be incompatible with modern technologies.
Preservation Constraints: Historic buildings often have restrictions on alterations to their structure or appearance.
Budget Constraints: Retrofitting can be capital-intensive, and owners may hesitate to invest without a clear return on investment (ROI).
Complex Occupant Needs: Older buildings may house diverse tenants with varying energy requirements and comfort expectations.
Despite these challenges, numerous retrofitting solutions can significantly enhance energy efficiency without breaking the bank—or the building’s character.
Cost-Effective Retrofitting Solutions
1. Smart HVAC Systems
Heating, ventilation, and air conditioning (HVAC) systems are often the largest energy consumers in a building. Retrofitting older HVAC setups with smart controls can yield dramatic savings.
Upgrades: Install variable speed drives (VSDs) on motors, upgrade to energy-efficient chillers, and replace outdated boilers.
Smart Thermostats: These devices use occupancy sensors and data analytics to adjust temperatures dynamically, reducing energy waste.
Demand-Controlled Ventilation: Integrating CO2 sensors allows ventilation systems to modulate airflow based on actual occupancy levels rather than running at full tilt.
ROI Insight: Many HVAC retrofits pay for themselves within 5-7 years through energy savings and lower maintenance costs.
2. Building Automation Systems (BAS)
For real efficiency gains, older buildings need brains as much as they need brawn. A building automation system acts as the control hub for HVAC, lighting, and other systems, optimizing energy use in real time.
Integration: A BAS can integrate with existing systems, even in older buildings, to enable features like scheduling, remote monitoring, and predictive maintenance.
Scalability: Modern BAS platforms are modular, meaning you can start small (e.g., HVAC controls) and scale up as budget allows.
AI and IoT: Pairing BAS with IoT devices and AI algorithms enhances capabilities, such as predicting energy demand or identifying inefficiencies before they escalate.
Example: A 1970s office tower in Chicago retrofitted with a BAS saw a 20% reduction in energy consumption within the first year.
3. Lighting Retrofits with Smart Controls
Lighting accounts for 10-25% of a building’s energy use, and retrofitting older systems is one of the easiest ways to cut costs.
LED Upgrades: Replacing fluorescent or incandescent fixtures with LEDs can slash energy use by up to 75%.
Occupancy Sensors: These ensure lights are only on when rooms are in use.
Daylight Harvesting: Light sensors adjust artificial lighting levels based on available natural light, reducing energy waste.
Centralized Control: Linking lighting to the BAS enables scheduling and remote control across the entire building.
4. Envelope Improvements with Automation
The building envelope—windows, walls, and roof—plays a critical role in energy efficiency. While full replacements may be cost-prohibitive, retrofits with automation can deliver significant gains.
Smart Window Film: Dynamic window films adjust their tint based on sunlight levels, reducing cooling loads in summer and preserving heat in winter.
Motorized Shades: Automated shading systems integrate with BAS to optimize daylight use and reduce HVAC loads.
Air-Sealing Sensors: IoT-enabled devices can detect air leaks and monitor insulation performance over time.
5. Energy Monitoring and Analytics
You can’t improve what you don’t measure. Installing energy monitoring systems provides actionable insights into how and where energy is being used—and wasted.
Submetering: Break down energy use by zone, system, or tenant to pinpoint inefficiencies.
Real-Time Dashboards: Modern BAS often come with dashboards that visualize energy consumption trends and alert operators to anomalies.
Predictive Analytics: AI-driven analytics can forecast energy usage and recommend specific retrofitting actions for maximum impact.
Case Study: A university retrofitted its 19th-century administrative building with IoT sensors and energy monitoring software, uncovering HVAC inefficiencies that saved $40,000 annually after adjustments.
6. Renewable Energy Integration
While not strictly retrofitting, integrating renewable energy systems like rooftop solar panels or small wind turbines can offset energy use dramatically. When paired with BAS and energy storage systems, older buildings can achieve near-zero net energy status without major structural alterations.
Benefits Beyond Energy Savings
While the primary goal of retrofitting is to reduce energy costs, the benefits extend far beyond the utility bill:
Tenant Retention and Satisfaction: Energy-efficient buildings are more comfortable and appealing to tenants, enhancing retention and lease rates.
Increased Property Value: Retrofitted buildings often command higher sale prices and attract premium tenants.
ESG Compliance: As environmental regulations tighten, retrofitted buildings are better positioned to meet mandates and achieve certifications like LEED or BREEAM.
Operational Resilience: Upgraded systems are less prone to failure, reducing maintenance costs and downtime.
Getting Started
Retrofitting an older building may seem daunting, but breaking the process into manageable steps ensures success:
Conduct an Energy Audit: Start by identifying the biggest energy hogs and potential areas for improvement.
Prioritize Quick Wins: Target low-cost, high-impact measures like LED lighting or smart thermostats.
Plan for Scalability: Choose systems that can integrate with future upgrades to avoid costly replacements later.
Leverage Incentives: Explore federal, state, and local programs offering grants or rebates for energy retrofits.
The 21st-Century Opportunity
Older buildings may not have been designed with energy efficiency in mind, but retrofitting gives them a new lease on life. With the right mix of automation, controls, and smart technologies, these buildings can not only compete with modern construction but often surpass it in performance.
In the end, retrofitting isn’t just about cutting costs or reducing carbon footprints—it’s about preserving the past while preparing for the future. And in the 21st century, that’s a mission worth undertaking.
Imagine running a marathon blindfolded—pretty risky, right? Now picture running your building operations the same way, relying on guesswork to fix equipment before it breaks down. Fortunately, AI-powered predictive maintenance is here to rip off that blindfold and light the path ahead, using data and foresight to keep everything running smoothly.
Welcome to the Future of Facility Management
AI-driven predictive maintenance is revolutionizing how commercial buildings operate, allowing managers to spot trouble before it knocks on the door. Historically, this tech has been the shiny toy of large facilities, with big budgets to spend on advanced Building Automation Systems (BAS). But here’s the good news: times have changed. Small to medium-sized commercial buildings no longer have to sit on the sidelines, wishing they could afford this maintenance wizardry. Predictive maintenance is now more accessible, scalable, and affordable for every building, regardless of size
This article explores the specific hurdles smaller buildings face and explains how they can leverage AI and predictive maintenance to boost efficiency, save money, and future-proof their operations.
The David vs. Goliath Challenge: Small Buildings’ Struggles
Let’s face it—smaller buildings have always been the underdogs compared to their larger counterparts. With constrained budgets, limited staff, and aging infrastructure, they often resemble David going up against Goliath in the world of building automation. But while Goliath might toss around multi-million-dollar upgrades, David can get smart with predictive maintenance tech that doesn’t break the bank.
Here are the common challenges for smaller buildings:
Budget Constraints Large facilities often have deep pockets to install sophisticated BAS systems, but for smaller buildings, convincing ownership to sign off on costly tech upgrades can feel like pulling teeth. They often rely on basic HVAC controls and manual maintenance. Getting AI into the mix might seem like a distant dream.
Lack of In-House Expertise Big buildings tend to have full teams of engineers and IT specialists who can handle advanced tech. But in smaller operations? Maybe there’s a property manager juggling half a dozen other responsibilities. That person might not have the bandwidth—or the technical know-how—to implement and maintain a predictive system.
Aging Infrastructure Many small commercial buildings are working with outdated systems from a time when “cloud computing” was just a weather forecast. Retrofitting these older systems to work with modern IoT sensors and cloud-based AI seems impossible without a major overhaul.
Thankfully, there’s good news on the horizon. Recent advancements in cloud technology and AI-driven solutions are bringing predictive maintenance within reach for smaller buildings. It’s not just for skyscrapers anymore.
A New Dawn: Opportunities for Small to Medium Commercial Buildings
Predictive maintenance has undergone its own tech glow-up. Thanks to cloud-based systems and affordable IoT sensors, small and medium-sized buildings can now adopt predictive maintenance without taking out a second mortgage. The key? Scalability. Modern solutions are modular, letting you start small and grow over time—no need for a massive upfront investment. Dip your toe in, and see the benefits before diving in headfirst.
Cost-Effective Retrofit Solutions Gone are the days when you needed to gut your building to install a predictive maintenance system. Today, companies offer IoT sensors that can be retrofitted onto existing HVAC units, boilers, and electrical systems with minimal hassle. Thanks to edge computing, data processing happens on-site, reducing the need for heavy-duty cloud infrastructure. Vendors now offer subscription-based services, allowing smaller operations to pay only for what they use—no need for an expensive on-prem setup.
Efficiency on a Shoestring Budget Predictive maintenance helps avoid unexpected breakdowns and keeps operations running smoothly. For small buildings, preventing an HVAC meltdown in the middle of summer isn’t just a convenience—it’s survival. AI constantly monitors equipment and gives early warnings on wear and tear, preventing costly system failures. Plus, it can spot energy inefficiencies, helping you trim utility bills and boost overall efficiency.
Data: The Great Equalizer It doesn’t matter if your building runs 10 sensors or 10,000—AI doesn’t play favorites. Even a modest setup can deliver insights into equipment performance. Your HVAC unit might look fine, but AI might detect inefficiencies, tipping you off to schedule a tune-up before it becomes a full-blown crisis. It’s like having a mechanic who can see the future, helping you manage your building like a pro, even with minimal staff.
Case Study: The Power of Early Detection
Consider this example: a medium-sized office building installed IoT sensors on its aging HVAC system and signed up for a cloud-based predictive maintenance platform. Within a few months, the system flagged a performance issue in one unit. Instead of waiting for the system to crash, the manager replaced a minor component, avoiding a $50,000 repair bill and days of downtime. Talk about ROI.
Ready, Set, Optimize: How to Get Started
So, how do you go from zero to AI hero? The trick is to start small, think smart, and scale up. Here’s your game plan:
Assess Your Current Setup Identify the critical systems in your building—like HVAC, boilers, and electrical systems—that would benefit the most from predictive maintenance. Even if your equipment is older, IoT sensors can usually be retrofitted, allowing you to collect the data needed to make smarter decisions.
Start Small and Scale Gradually No need to cover your entire building with sensors from day one. Start with one system, like your HVAC, and see how it performs. Once you notice savings and efficiency improvements, you can expand to other systems.
Find the Right Partner Look for vendors that specialize in cloud-based solutions tailored to smaller buildings. The solutions should be easy to install, with ongoing support and training. If your team isn’t tech-savvy, make sure the vendor offers strong customer service and guidance.
Monitor, Learn, and Scale Once your system is up and running, keep an eye on the data. Use those insights to fine-tune your maintenance schedule and optimize energy use. As you become more comfortable, expand the system to cover more areas, gradually turning your building into a well-oiled machine.
Conclusion: Time to Level Up
For years, small to medium-sized buildings have been left out in the cold when it comes to cutting-edge tech. But now, AI-powered predictive maintenance offers a way for these buildings to join the big leagues—without the big-budget headaches. By starting small and scaling up, even the most budget-conscious facilities can reap the benefits of increased efficiency, reduced operational costs, and fewer disasters. It’s not just about keeping the lights on—it’s about stepping into the future with confidence. Who’s ready to take off the blindfold?
In the ever-evolving landscape of technology, the interface between humans and machines holds a pivotal role in shaping our interactions with the digital realm. Human-Machine Interfaces (HMIs) serve as the bridge that connects users to the vast capabilities of modern systems, and as technology continues to advance, so too does the evolution of HMIs. From touchscreens and voice commands to augmented reality (AR) and beyond, the future of HMIs is poised to revolutionize how we engage with technology, presenting both opportunities and challenges for system integrators.
Touchscreens: A Touch of Intuitiveness
Gone are the days of cumbersome keyboards and mouse clicks – touchscreens have emerged as the quintessential interface for modern devices. Whether it’s smartphones, tablets, or interactive kiosks, touchscreens offer users an intuitive and tactile way to navigate digital environments. With the rise of capacitive touch technology and multi-touch gestures, users can effortlessly swipe, pinch, and tap their way through complex interfaces with ease.
For system integrators, the proliferation of touchscreens presents opportunities to design more user-friendly and engaging experiences across a wide range of applications. From retail and hospitality to healthcare and manufacturing, integrating touch-enabled interfaces into existing systems can enhance efficiency, productivity, and customer satisfaction.
Voice Commands: The Power of Speech
Voice recognition technology has witnessed a remarkable evolution in recent years, thanks to advancements in natural language processing (NLP) and machine learning algorithms. Virtual assistants like Amazon Alexa, Google Assistant, and Apple’s Siri have become ubiquitous fixtures in our daily lives, enabling users to perform tasks, retrieve information, and control devices using nothing but their voice.
The integration of voice commands into HMIs opens up a world of possibilities for hands-free interaction and accessibility. Whether it’s controlling smart home devices, dictating text messages, or navigating complex software applications, voice-enabled interfaces offer a convenient and efficient alternative to traditional input methods.
For system integrators, incorporating voice commands into HMI designs requires careful consideration of factors such as language recognition accuracy, contextual understanding, and privacy concerns. By leveraging cloud-based voice recognition services and customizing voice interfaces to suit specific user needs, integrators can deliver seamless and personalized experiences that enhance user satisfaction and productivity.
Augmented Reality: Blurring the Lines Between Real and Virtual
Augmented Reality (AR) has emerged as a transformative technology that overlays digital information and virtual objects onto the physical world, blurring the lines between reality and fiction. From smartphone apps and wearable devices to industrial applications and immersive gaming experiences, AR has the potential to revolutionize how we perceive and interact with our surroundings.
In the realm of HMIs, AR holds immense promise for enhancing situational awareness, visualizing complex data, and facilitating hands-on training and maintenance tasks. By overlaying contextual information and instructions onto real-world objects, AR interfaces empower users to make more informed decisions and perform tasks with greater precision and efficiency.
For system integrators, integrating AR into HMIs requires expertise in 3D modeling, computer vision, and spatial mapping technologies. By collaborating with AR platform providers and leveraging off-the-shelf development tools, integrators can create immersive and interactive experiences that add value to a wide range of applications, from field service and remote assistance to education and entertainment.
Implications for System Integrators
As HMIs continue to evolve with new technologies such as touchscreens, voice commands, and augmented reality, system integrators must adapt to meet the changing needs and expectations of users. By embracing emerging trends and leveraging cutting-edge technologies, integrators can design and deploy innovative HMI solutions that enhance user experiences, improve operational efficiency, and drive business growth.
However, navigating the complexities of modern HMIs requires a multidisciplinary approach, combining expertise in user interface design, software development, hardware integration, and human factors engineering. By collaborating with clients, technology partners, and industry experts, system integrators can develop customized HMI solutions that address specific challenges and deliver tangible value to end-users.
In conclusion, the future of HMIs is filled with promise and potential, fueled by advancements in touchscreens, voice commands, augmented reality, and other emerging technologies. By staying abreast of industry trends, embracing innovation, and fostering collaboration, system integrators can play a key role in shaping the future of human-machine interaction, unlocking new opportunities and driving digital transformation across industries.
Welcome, facility dynamos and property visionaries! Buckle up because we’re embarking on a thrilling ride into the future, where Artificial Intelligence (AI) is not just a buzzword but the backbone of revolutionary facility management. It’s here to stay and is reshaping our world in ways we’re just beginning to grasp. So, let’s dive into the top ways AI will transform facilities management in the next five years, packing our journey with insights and, of course, a bit of fun. 🚀
1. Predictive Maintenance: The Crystal Ball of Facility Management
Remember when maintenance schedules were as unpredictable as a game of bingo? Those days are behind us. AI, with its predictive prowess, is turning maintenance into a science fiction-like narrative, where machines alert us about potential issues before they even occur. Imagine receiving a notification that your HVAC system will fail in two weeks unless a specific component is replaced. That’s not magic; it’s AI-driven predictive maintenance. This crystal ball capability means less downtime, reduced costs, and a big sigh of relief for facility managers everywhere.
2. Energy Optimization: AI, The Green Warrior
In an era where going green is not just a choice but a necessity, AI emerges as the champion of energy efficiency. Through real-time data analysis and learning from usage patterns, AI optimizes building energy consumption without compromising comfort. It adjusts lighting, heating, and air conditioning based on occupancy and even weather forecasts, slashing utility bills and carbon footprints. Picture this: your building not just consuming energy, but doing so with the wisdom of an eco-savant. That’s the power of AI in action.
3. Enhanced Security: AI as the Watchful Protector
Gone are the days when security meant bulky cameras and sleep-deprived guards. Enter AI: the smart, watchful protector that never blinks. AI-powered surveillance systems can now identify unusual activities, recognize faces, and even detect potential threats before they manifest. But it’s not just about keeping intruders out; it’s about ensuring a safe, secure environment for everyone inside. AI’s vigilant eyes augment our security measures, making our facilities as secure as Fort Knox, but with a lot more intelligence.
4. Seamless Automation and Integration: The AI Symphony
Imagine orchestrating a symphony where every instrument is a different building system, from lighting to HVAC to security. AI is the maestro, harmonizing these systems in a seamless performance of efficiency and convenience. It enables diverse systems to communicate and collaborate, creating an integrated, intelligent ecosystem. This automation not only enhances operational efficiency but also elevates the user experience, making buildings more intuitive and responsive to the needs of those within.
5. Intelligent Space Management: AI as the Space Guru
Space, the final frontier—especially in urban settings where every square foot counts. AI steps in as the ultimate space guru, optimizing the use of available space and adapting to changing needs through smart layout planning and usage analysis. It’s about making the most of what we have, whether it’s reconfiguring layouts for better flow, maximizing occupancy without overcrowding, or even predicting future space requirements. AI makes spaces not just smarter, but more adaptable and efficient.
6. Advanced Tenant Services: AI as the Ultimate Concierge
Welcome to the era of AI-powered tenant services, where AI acts as the ultimate concierge, enhancing tenant experience through personalized services and interactions. From voice-activated controls and intelligent assistance to predictive maintenance that ensures everything works perfectly, AI is elevating the standard of tenant services to unprecedented levels. It’s about creating environments where tenants don’t just reside or work; they thrive.
7. Data-Driven Decision Making: AI, The Insight Wizard
In facilities management, knowledge isn’t just power; it’s the key to innovation, efficiency, and sustainability. AI transforms vast oceans of data into actionable insights, guiding decisions from operational changes to strategic investments. It’s like having an insight wizard at your disposal, turning data into a roadmap for future-proofing your facilities and ensuring they not only meet the current needs but are also ready for what’s next.
8. The Evolution of Facility Management Roles: AI as the Catalyst
As AI reshapes the landscape of facilities management, it also redefines the roles within it. Facility managers evolve into tech-savvy strategists, leveraging AI tools to make smarter decisions and lead their teams. This shift emphasizes the importance of upskilling and embracing technology, ensuring that the human element in facility management grows alongside its AI counterparts.
Conclusion
As we step boldly into an AI-enhanced future, remember, the essence of facilities management is not just about maintaining spaces but evolving with them. The next five years will revolutionize our roles, making us not just caretakers but pioneers at the forefront of technological innovation. Embrace AI as the transformative force it is, and let’s lead our buildings into a smarter, more efficient, and sustainable future. The journey is just beginning, and the possibilities are endless. Here’s to shaping the future of facilities management together—smartly, sustainably, and with AI by our side.
AI and machine learning (ML) are often used interchangeable, but they’re not technically the same thing. However, the difference is smaller than you think, and once you understand it, you’ll never mistake the two again. The following is a very basic explanation and omits many technical aspects of AI and ML which go beyond the scope of the intended audience. The definitions and examples attempt to lay a foundation for further exploration around these topics.
Artificial Intelligence: The Entire Robot
Artificial intelligence (AI) is a broad term that refers to creating machines that can perform tasks that normally require human intelligence. Examples of such tasks include visual perception, speech recognition, decision-making, and language translation. There are many subsets and subfields of AI, each of which tries to solve a specific problem and/or takes a different approach to creating “intelligence”. Here are the five most recognized subsets of AI:
Natural Language Processing(NLP) focuses on enabling machines to understand, interpret, and generate human language. NLP is used in applications such as chatbots, voice assistants, and language translation. ChatGPT is an NLP.
Computer Vision is concerned with enabling machines to interpret and understand visual data from the world around them. Computer vision is used in applications such as object detection or facial recognition. Autonomous vehicles, like some Tesla models, use computer vision.
Robotics develops machines that can physically and autonomously interact with the world around them to perform tasks like assembly line work or rescue operations. Boston Dynamics focuses on robotics.
Expert Systems are designed to mimic the reason-based decision-making ability of an expert in a particular field, such as medical diagnosis or financial analysis. Expert systems are why you keep hearing about AI lawyers defending people in court.
Machine Learning involves feeding data into a machine learning algorithm and allowing it to learn from that data in order to make accurate predictions or classifications about new data.
So, ML is a subset of AI. That’s the first big difference to note. While AI is a term that encompasses a wide range of technologies and techniques, ML is a specificapproach to building AI systems.
It’s helpful to think of AI as the “entire robot”—a fully autonomous machine capable of thinking and acting like a human. However, each subset is only one part of the entire robot. Robotics attempts to develop the “body” for interacting with the environment. Computer vision gives the robot the ability to make visual sense of its world. NLP arms it with the power to communicate. ML bestows the faculty of learning. And expert systems send it to university. It’s a true Frankenstein’s monster of disparate parts, but when brought together will finally realize the goal of AI.
What’s Machine Learning?
You hear a lot about ML because it’s a critical step in creating the entire robot. Almost everything we consider to be alive must be able to learn. Birds do it. Bees to it. Heck, even amoebas do it. But despite its ubiquity in the world of the living, learning is incredibly complex. Therefore, ML is taking on one of the biggest challenges, but it’s a triumph that offers the biggest ROI. Once we create a machine that learns, we can train it to make better decisions. So how do you create a machine to learn?
ML uses statistical algorithms to enable machines to learn from data and improve their performance on specific tasks over time. ML algorithms analyze large amounts of data to identify patterns, which it uses to make predictions or decisions on new data. Like humans, ML is a process that requires that machines be “taught” by exposing them to information.
ML Example: House Price Estimator
Suppose you wanted to create a ML learning algorithm that predicts the price of a house based on its size and location. You would need two sets of data: a training set and a test set. First, we create a training set of data composed of recently sold houses with their sale price and location.
The ML then processes the training data to look for patterns. After some processing, let’s say it “learned” the following “rules”:
Houses larger than 2,000 sq ft sell for > $200K
Houses less than 2,000 sq ft sell for < $200K
Houses within 5 miles of the airport sell for < $100K
Homes within 5 miles of the lake sell for > $300K
The algorithm could then use this knowledge to predict the price of a house outside the training dataset (i.e., the test set). For example, a house that is:
2,500 sq ft and 3 miles from airport.
Since the new house is more than 2,000 sq ft, the algorithm would then apply the “> $200K” rule, but since the it’s also less than 5 miles of the airport, it would apply the “<$100K” rule. Therefore, the algorithm’s prediction would likely be “$150K”.
Next, the ML algorithm checks its guess against the actual price, which is $170K. It now has a $20,000 discrepancy it needs to resolve. It checks for more patterns and learns that, as houses of equal size get closer to the airport, they decrease in price. Through some calculations, the program can determine the changes in price by proximity and apply the data as a weighted value in its next prediction. For example, maybe each mile closer to the airport equates to a 10% decrease in price.
The machine uses this constant process of guessing and checking (called backpropagation) to improve its predictions. The more iterations and inputs, the “smarter” the algorithm gets.
“So what?”, you might ask, “Isn’t this simple logic? Why do we need a machine to do this?” Well, for one, ML can sift through data, find patterns, and test its guesses against real world data at an astonishing rate. In short, it can “learn” much quicker than humans. For another, it can juggle many more parameters than we ever could, so its guesses will inevitably we more accurate over time.
Think about all the factors that go into the price of a house besides size and location. There’s the house’s age, condition, number of rooms, the market conditions, and seller motivation just to name a few. But there are other less typical considerations like current interest rates, lot locations, or roof type. When you drill down further, you find that the real number of factors is enormous. Few sellers place a critical role on the color of a house when calculating an asking price, but what if it mattered more than we thought? What about the history of the house or the future of the neighborhood where it resides? The better our predictive capabilities, the more important these “lesser” considerations become.
ML can iterate much faster and with greater detail than we can, making it more efficient at locating “hidden” patterns. What if dark-colored houses sold for higher prices than light-colored ones? Maybe houses with more east-facing windows were cheaper than more west-facing ones. Machine learning can consider all these factors and then some—and do it in real time.
Finally, imaging adding to this learning algorithm the ability to search for, monitor, and collect house price information for a large region of the country. It would be a fully autonomous learning and predicting machine that would only get smarter the longer it worked. That’s where ML is at today.
Conclusion
It’s easy to see how ML learning algorithms are a game changer for humanity. Their application to knowledge-based work of every kind is almost limitless. What’s AI developers are attempted is the automation of thinking itself. Translate these advantages to building automation, and it’s easy to see how ML will transform the built environment. Imagine AI that could plan your building’s HVAC setpoints a week in advance based on a weekly weather forecast and price predictions for energy costs. What about a FDD system that could predict chiller failure with 98% accuracy?