Real Estate is one of the largest factors contributing to energy consumption. In the UN’s latest Building and Construction Report, it was stated that the whole value chain of buildings is responsible for approximately 38% of the world’s total energy-related emissions.
As housing is always needed, this problem won’t solve itself, especially with the increasing population and urbanization. More and more people are moving to cities, which is a challenge for the real estate industry. In particular, existing buildings have to be improved and retrofitted.
So-called “Smart Buildings” have the potential to increase the efficiency of real estate by using the Internet of Things, automation and artificial intelligence. But how much energy can you actually save and which technologies will help the most?