Building intelligence is evolving through emerging technologies in cloud computing, data analytics, and intelligent field devices – effectively merging the virtual and real worlds within the built environment. This shift provides an opportunity to transform real estate assets into active contributors to business success.

The solution addresses this opportunity by delivering greater transparency and flexibility to support the decision making process while creating greater efficiency and cost savings to help impact the bottom line.

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.

For example, 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.

And Predictive analytics can be applied for fault detection and diagnosis so potential issues can be addressed before anything happens.

In addition, Text recognition and analytics for utility invoice validation can identify billing errors and enhance data quality. Mobile applications also can enable energy audits and creation of audit reports from anywhere.