The Impact of Artificial Intelligence on Energy Management

The global market for intelligent buildings, or smart buildings as they're also called, is projected to reach $31.74 billion by 2022, at a compound annual growth rate of 33.7%, according to Research and Markets. Artificial intelligence, which is enabling this market, has the potential to revolutionize energy management and the commercial building sector. According to a new whitepaper by Navigant, the management of commercial locations has been transformed by the accessibility of new data streams and the tools to analyze and operationalize associated information. In this new paradigm, business insights and actionable priorities are automatically delivered to corporate and site-level energy managers. In addition, customers can ask technical questions 24/7 in their own terms and get understandable answers without laborious software training or data science skills.