Is AI Shaping the Future of Smart Homes and Buildings?
As AI revolutionizes smart homes and buildings, it’s unlocking new opportunities in energy efficiency, sustainability, and security. In a recent Frost & Sullivan growth webinar, ‘Transformation in Global Homes & Buildings: How AI Can Unlock Opportunities in the Smart Homes and Buildings Ecosystem,’ industry experts explored how AI is driving operational efficiency and enhancing personalized living. The discussion focused on how AI fuels innovation and also highlighted challenges related to compliance, risk, and regulatory concerns. The need for responsible AI integration remains critical to ensuring long-term success in the evolving built environment.
Featured panellists:
- Melvin Leong, Growth Expert and Senior Director at Frost & Sullivan
- Anirudh Bhaskaran, Growth Expert and Industry Principal at Frost & Sullivan
Watch the full webinar by clicking here to gain expert insights on AI’s role in smart homes and buildings.
Key Takeaways from the discussion:
- Embracing AI-Driven Business Models: The shift from traditional hardware-based models to subscription and consumption-driven models is key to unlocking new revenue streams and enhancing AI adoption in homes and buildings.
- Investing in AI-Powered Optimization: To drive operational excellence and long-term sustainability, organizations must prioritize AI for energy optimization and predictive maintenance. This will streamline building operations, reduce costs, and ensure proactive management.
- Integrating AI Co-Pilots to Solve Workforce Gaps: To address labor shortages, organizations must integrate AI co-pilots and digitized maintenance solutions. Combining AI with human expertise will streamline operations, reduce downtime, and ensure efficient building management for sustained success.
- Adopt AI for Smart, Adaptive Spaces: Organizations need to leverage AI to create intelligent, adaptive environments that dynamically adjust to user needs and energy optimization. This integration will enhance occupant comfort, reduce energy costs, and drive the shift toward sustainable, future-proof buildings.
How Is Your Organization Leveraging AI to Enhance Smart Buildings?
“Companies must evolve their business models to monetize AI, shifting from outcome-driven models to consumption-driven ones, unlocking new revenue streams in the process.”
– Anirudh Bhaskaran,
Growth Expert and Industry Principal,
Frost & Sullivan
In conclusion, incorporating AI-driven innovation in building operations is essential for future success. By embracing new business models, optimizing energy use, and creating smart spaces, organizations can drive efficiency, sustainability, and stay ahead in a competitive landscape.
