Nordicum - Real Estate Annual Finland 2018 - Page 50

I t makes sense that real estate industry is deploying digital tools to cut costs – after all, it has been estimated that real estate represents the second largest expense for most companies (with operating costs accounting for 71% of building ownership). Add to this, the rather shocking statistic that buildings worldwide consume a staggering 42% of all electricity – and you can see what the fuss is about. Today, digitalisation is driven by data that can be gathered with growing ease from safety and security systems, HVAC equip- ment and controls, energy efficiency pro- grams... Intelligent sensors, actuators and similar devices can supply a wealth of data which – up until now – has mostly been unused. Smart algorithms can easily eval- uate trends and recognise patterns in user behaviour or consumption, and this is laying the groundwork for better, informed deci- sions, predictive strategies and continuous optimisation. Automatic for the People Siemens has estimated that by 2030 there will be 50 billion connected devices within the Internet of Things. With this massive 50 Nordicum