TECHNOLOGY
of up to 25 %, a 20-40 % reduction in carbon footprint and a 60 % increase in occupant comfort . Building operators can also see up to 50 % extension in the service life of the HVAC equipment .
“ This milestone enables us to introduce 24 / 7 observation , as we seek to significantly reduce energy use and the carbon footprint of commercial real estate space ,” says Jean- Simon Venne , co-founder and CTO of BrainBox AI . “ Buildings produce close to onefifth of the world ' s total carbon emissions . Our easy-to-install technology helps buildings become greener by adding a seamless layer of autonomous artificial intelligence .”
Construction today accounts for a full 13 % of the world ' s GDP and employs hundreds of millions of people . But while other traditional industries , like manufacturing , have increased productivity over the years , productivity has remained almost stagnant in the building sector . According to the European Commission , construction productivity has only increased by 1 % in the past two decades . And with operational profitability often being only 5 %, there is little room for error .
McKinsey expects that the continuing COVID-19 pandemic will drive a net acceleration in the use of technology , and the construction industry will continue its transformation from a highly complex , fragmented , and project-based industry to a more standardised , consolidated , and integrated one .
Construction technology is still a rapidly growing , highly dynamic space . Further efficiencies will be unlocked with deeper integration of technology solutions directly on the job site and with predictive analytics leveraging data from connected teams and equipment .
constructionglobal . com 81