Siemens and IBM team on cloud-based building energy solutions


Today, the Siemens Buildings Technologies Division and IBM announced cloud-based solutions that will leverage Siemens’ building expertise and IBM Internet of Things (IoT) capabilities to maximize the potential of connected buildings and the data they create, helping corporate real estate owners across multiple industries drive business results and meet energy efficiency goals…

Siemens is integrating software from IBM’s Watson IoT Business Unit, including analytics and asset management, into its cloud-based Navigator energy and sustainability management platform.  This combination will help benefit corporate real estate customers in many ways, including:

  • Corporate real estate owners and operators will now be able to leverage internal and external data on Siemens’ Navigator platform to benchmark building performance and forecast operational budgets.
  • Predictive analytics can be applied for fault detection and diagnosis so potential issues can be addressed before anything happens.
  • Text recognition and analytics for utility invoice validation can identify billing errors and enhance data quality.
  • Mobile applications can enable energy audits and creation of audit reports from anywhere…

The corporate real estate industry is just beginning to scratch the surface of advanced data analytics for the purpose of producing consistent results and enabling easier decision-making. Operating costs account for 71 percent of the total cost of owning a building, and real estate is often the second largest expense on the income statement for large enterprise organizations.  Building owners and operators can now leverage solutions across the entire lifecycle of their real estate assets to predict energy efficiency trends and equipment availability issues in advance, so that building operation can be as reliable, cost-effective, and sustainable as possible…

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