Buildings IOT reposted this
I spoke with Philip Russo at Commercial Observer about what we've built at Noda and why now. A year ago, the models simply weren't good enough to take on the complex workflows of building engineers on site. That's changed, and it's changed fast. Meanwhile, the industry's labor problem has kept getting worse. Commercial real estate spends $150 billion a year on building operations salaries, and only about 15 percent of open engineering roles are getting backfilled. The largest asset class in the world is running short of the people who keep it running. That's why we built our agentic AI the way we did. It works alongside the teams that own the buildings today, finding operational waste, fixing it, and verifying the financial impact on every asset, around the clock. Across our deployed portfolio, that's led to 80 percent of certain manual workflows eliminated and 0.5-2% NOI growth (all verified against measured baselines). I've been asked whether this is another story about AI taking jobs. It isn’t. In buildings, the risk actually runs the other way–there aren't enough people to do the work that already exists. AI is how the industry keeps its doors open. Thank you to Philip and the Commercial Observer team for the thoughtful conversation. Full article: https://lnkd.in/ecPwUyhk