The Smart Building Market
In 2023, Denmark set new climate rules for buildings to cut CO2 emissions, requiring all new projects to report their 50-year environmental impact. While this is certainly a step in the right direction, 70% of a building’s lifetime CO2 emissions are emitted during operation. The demand for Smart Building solutions thus remains robust, propelled by ambitious CO2 reduction targets, and the demand is echoed worldwide as commercial real-estate tenants demand granular data to optimize their operational efficiency.
Connected services in industrial production and the building sector harness new data technologies, supporting a transition towards digitalization and sustainability. By integrating advanced Internet of Things (IoT), artificial intelligence (AI), and analytics, these technologies provide operational insights and resource optimization. Success for our customers depends on delivering exceptional customer experiences, ensuring secure hosting, and maintaining robust cybersecurity measures that not only enhance efficiency and environmental objectives but also align with our standards for usability, reliability, and security.
AI’s integration into IoT is changing industry interactions with complex systems. Vision Machine Learning (ML) for Quality Assurance (QA) automates defect detection with high precision, enhancing quality
control. Predictive maintenance through ML anticipates equipment failures, reducing downtime and prolonging equipment lifespan. Generative AI enables more natural human-machine interactions, significantly improving user experiences.
Spatial computing, such as that enabled with the Apple Vision Pro, is set to enhance the building sector with sophisticated visualization and modeling. Beyond virtual model exploration, it assists in employing new or upcycled materials for construction, enabling precise planning and sustainability in building practices. Spatial computing also aims to improve maintenance through accurate, real-time 3D visualizations.
Our Smart Building Business
Digital technologies are crucial for the green transition. Implement Consulting Group estimates that digital enablement is essential for achieving 20-25% of the greenhouse gas reductions needed for Denmark’s 2030 climate target, showcasing Trifork’s contributions to this vital effort.
In 2023, revenue in the Smart Building business area grew by 16.8% to EURm 7.4. We continue to invest in our capabilities and offering within Smart Building and IoT solutions to be a relevant partner for public and private asset owners. Customers in 2023 included e.g. the large Danish supermarket owner Salling Group, where we helped them optimize their energy usage in the stores, and the leading smart metering company Kamstrup (read the case in the annual report).
As we move into our own first building, TSBOne, it is set to serve a dual purpose:
a highly functional office space and an inspiring demonstration and development platform for digital solutions. TSBOne already functions as an inspiration for customers, researchers, and other stakeholders- ers through showcasing advancements like wastewater management, building dashboards, and digital facility controls. TSBOne embodies the future of smart, green buildings, driving inspiration and development in the field.
Trifork’s unique family of offerings – from design, through hardware design, cloud operations and data analytics – makes us a unique strategic partner for forward-thinking asset owners.
