Industrial Management July/August 2019 Page 24

EXECUTIVE SUMMARY With the growing number of energy regulations and certifications, the demand to reduce energy consumption has become an important aspect of building management. Advances in the internet of things (IoT) technologies and smart building strategies are playing a huge role in helping change the industry through a shift from energy management to enterprise management systems. Technologies like machine learning and artificial intelligence (AI) are making it possible for a smart building to forecast, predict and optimize its operations and increase energy efficiencies.