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Technology is Going to Change Development and Property Management

I am only at the elementary level when it comes to technology and especially AI, but these are already producing major changes in building design and…

By Joel Ross | joelross | Updated on June 26, 2017

Joel Ross

I am only at the elementary level when it comes to technology and especially AI, but these are already producing major changes in building design and operation, and there are far bigger changes coming through AI. I have some involvement in the energy management and building management systems business, but am not technically qualified. What I do know has vast implications for CRE.

It started with LED lighting which is now common and a commodity. That has now been supplanted by building systems and controls which interface with the lights, thermostats, water and other building systems to produce up to 70% energy savings and material labor savings. By being able to automatically control how much heat or AC is needed for a given space based on occupancy, time of day and purpose of use, there can be these major savings. Bathrooms can be monitored for how many people go in and out and can be then programmed to tell cleaners when they need to clean based on usage levels instead of on a set schedule. Data can be collected to allow managers to far better control lighting and HVA based on when areas are used more or less.

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