Press Releases - 22.11.2023

Techem study reveals growing importance of AI in the real estate industry

  • More than one-third of the respondents are considering using Artificial Intelligence in real estate
  • CO2-reduction and adaptive learning the greatest benefits
  • Average energy savings of 15 percent through AI-supported heating optimization

Eschborn, November 22, 2023 – Artificial intelligence (AI) is becoming increasingly important in the real estate industry to make the operation of buildings more energy-efficient and future-oriented. A recent study conducted by Techem now sheds light on how commercial landlords and managers assess and adapt to these developments. According to the study, more than a third of those who responded are considering the use of AI in their properties (36 percent), while 32 percent are already actively using it. 

Image information: Artificial intelligence reveals optimization potentials in real estate (Copyright: Gorodenkoff/Shutterstock).

AI for climate protection and energy efficiency

The respondents see the greatest benefits of using Artificial Intelligence in real estate in CO2 reductions for the environment (53 percent) and in the technology’s self-learning capabilities, by adapting the heating temperature to user behavior (52 percent), for example. But even though 81 percent of experts see more benefits than disadvantages in Artificial Intelligence, there are still hurdles to implementing it. For example, around two-thirds see a lack of expertise as preventing them from using AI-based solutions in their properties (64 percent). Just under half of the respondents cite high costs as a reason (44 percent).

“The use of AI not only provides valuable insights into the current energy status of properties, but also reduces complexity and reveals optimization potential. We cannot afford to let these go unused. Our task as an innovative service provider for the real estate industry is therefore to develop low-investment and easy-to-implement solutions to quickly reduce energy consumption and CO2 emissions in buildings. This is particularly important in existing buildings and across our customers’ entire portfolios. To be a leader in this area and thus provide investment security for our customers, we have built a strong dedicated team in our ‘Strategy Workshop’ - Techem X -,” says Karl Kornwolf, Head of Business Platforms at Techem.

Effective measures, low investment

According to the survey, 77 percent consider the use of AI to optimize heating systems to be an effective climate protection measure. Current figures from Techem show that AI-supported heating monitoring and optimized operational management can actually save an average of 15 percent in energy and CO2 emissions. Solutions such as the Digital Boiler Room are not only low-investment, but also require no structural intervention. In addition, real estate managers receive simple and concrete recommendations for action based on simulations of a digital building twin, so that optimizations can be implemented quite easily.

 

About Techem 

Techem is a leading service provider for smart and sustainable buildings. The company's services cover energy management and resource conservation, residential health and process efficiency in real estate. Founded in 1952, the company is now active in 18 countries with around 4,300 employees and services more than 13 million homes. Techem offers efficiency improvements along the entire value chain of heat and water in real estate. As the market leader in remote radio detection of energy consumption in homes, Techem continues to drive networking and digital processes in real estate. Modern radio smoke detectors with remote inspection and services related to improving drinking water quality in properties complement the solution portfolio for the housing industry. For more information, visit www.techem.com/corp/en.

 

Our media team

Katharina Bathe-Metzler

Head of Sustainability, Communications & Public Affairs

Telefon: +49 (0) 61 96/5 22-26 77

katharina.bathe-metzler@techem.de

Janina Schmidt

Head of Corporate Communications

Telefon: +49 (0)174 - 7444137

janina.schmidt@techem.de