Dive Brief:
- BrainBox AI joined the Amazon Web Services Partner Network, to provide AWS customers in the public and private commercial and retail sectors with access to its AI-driven autonomous building solution, the company said Thursday.
- As a member of the AWS Partner Network, or APN, the company joins an extensive network of partners that are working with AWS to solve technical challenges and deliver value to mutual customers, BrainBox AI said. The network consists of over 130,000 partners from more than 200 countries, according to AWS.
- The enrollment follows a recently announced collaboration between BrainBox AI, AWS and Amazon Bedrock for the development of a generative AI solution, set to launch in the winter of 2024. The goal is to bring the technology to building and facilities managers, the company said.
Dive Insight:
Investors, developers and corporate occupiers have ranked artificial intelligence, including generative AI, among the top three technologies expected to have the greatest impact on real estate over the next three years, according to JLL’s 2023 Global Real Estate Technology Survey.
Over 80% of respondents said they plan to increase their real estate investment budget in the next three years, JLL said. In its most recent global real estate perspective report, the real estate services firm noted that technology will be “more critical in 2024 than ever before” as organizations test and learn from AI pilots.
Predictions from experts suggest that generative AI is a key trend set to define facilities management in 2024.
“Technologies that use AI to control things such as HVAC or building management systems based on utilization, environmental, weather and other types of data will revolutionize how occupiers and facility managers operate workspaces,” Brian Haines, chief strategy officer at FM:Systems, told Facilities Dive.
BrainBox AI’s solution utilizes internal and external data alongside AI to map out numerous zones of commercial buildings and provide insights into how facilities operate, predict future conditions and modulate pieces of equipment autonomously, the company said.
By predicting the temperature of a building based on historical and external datasets like weather, for instance, it can decrease energy costs by up to 25%, cut carbon emissions up to 40% and enhance customer comfort by up to 60%, BrainBox AI said.
“Many years ago, we decided to build and host our solution on the AWS Cloud because it offers the scalability and flexibility that is necessary to handle our vast and rapidly growing data volumes, seamlessly integrating with building systems worldwide,” Jean-Simon Venne, co-founder and chief technology officer at BrainBox AI, said in the release.
When the technology firm first announced the launch of its upcoming generative AI product, it noted that it would address a critical issue building operators face — a lack of time and resources required to harness the numerous tools available to help them manage and optimize building operations.
With over 12,000 connected buildings and years of collective experience under its belt, the AI platform, coupled with its data infrastructure, will enable the creation of “the world’s first autonomous co-pilot for building operators and managers that delivers on the promise of Generative AI,” BrainBox AI Founder and Chief Technology Officer Jean-Simon Venne said in a statement.
Last year, the company also announced a partnership to bring its autonomous decarbonization technology to Trane Technologies’ Tracer SC+ cloud-based building automation system in a move that it said would reduce greenhouse gas emissions and operational costs for Trane customers.
The partnership, which would address existing HVAC systems for multisite retailers across North America, is part of BrainBox AI’s ongoing push to scale its autonomous building technology, following its $20 million fundraise last May.
