Artificial intelligence in smart building management will become a necessity in coming years to make buildings more adaptive and not just automated, according to a new survey of smart building tech facility managers and other end users.
The survey by analyst firm Omdia of 248 facility, security and IT managers of smart building tech, along with senior executives, found that 87% said they believe AI will become a “necessary element of smart-building management.”
However, Omdia estimates that just a small portion of global Building Management System (BMS) platforms today rely on AI analytics for smart buildings. The firm tallied the AI analytics portion of the market at $257 million in 2019, just 10% of the global $2.5 billion BMS platform market. Omdia also tabulated that the market for connected smart building equipment, including sensors and related embedded gear, was many times larger, reaching $12.3 billion in 2019.
“There is both belief in AI and investment in its solutions for smart buildings,” noted Thomas Barquin, smart building senior analyst for Omdia, in a statement. “AI is considered the natural way forward and should help increase operational efficiency and effectiveness as these solutions continue to develop.”
