Predictions on the Horizon At the intersection of hybrid work, accelerated technology advancements and sustainability imperatives, the future of the real estate industry is full of possibilities. Technology Integrated Technology Meets Generative AI. We will see a further expansion of the technology partner ecosystem for energy efficiency - energy management. The integration of technologies in ‘plug and play’ solutions will accelerate the use and adoption of newer innovations across a traditionally fragmented vendor space and change the design, construction, build, retrofit and rebuild phases. Digitizing the Real Estate environment with sensors will continue the rapid expansion of data. The use of data analysis and insights, along with the advancement of generative AI, will boost the progress of machine learning. This will enhance our understanding and allow for improved automation of energy management in all devices and endpoints. Opportunities for policy management and automation will further the use of generative AI and the adoption and growth of more Intelligent Building spaces. Beyond Green to Regenerative As the ‘climate conscious’ younger generations continue to join the workforce, they will demand to work in sustainable buildings with energy efficient spaces, powered by renewable energy, circular consumption, and reduction of waste. As intelligent buildings become more common, there will be a shift towards multi-purpose real estate, combining commercial, residential, and industrial uses. This will lead to the creation of smart cities and even larger ecosystems where buildings are not just standalone structures, but part of eco-centric communities designed to blend seamlessly with nature. Talent In all these predictions, the need to enhance the skills of the existing workforce, train new talents, and create courses for future professionals is critical. This forms the basis for continuous technological innovation that supports the growth of Intelligent Buildings, contributing to a sustainable future.
"While the need to make the built environment more intelligent, efficient and sustainable has existed for decades the convergence of new enabling technologies, grid interactivity and societal expectations are creating the environment for these investments to be assessed by more than simple ROI calculations.” John Petze, Partner & Co-Founder, SkyFoundry
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