By 2050, it is estimated that nearly 70 per cent of the world’s population will be living in cities. In such a situation the demand for smart buildings and housing would also soar consequently.
Following are some interesting facts and figures about buildings:
- India is expected to emerge as the world’s 3rd largest construction market by 2020 by adding 11.5 million homes every year.
- Worldwide, buildings consume 42 per cent of all electricity—more than any other asset.
- Commercial buildings lose as much as 50 per cent of the water that flows into them.
Considering these challenges, Wave Group is developing India’s first IBM-enabled smart township, Wave City. Located on NH24, the newest suburb of Delhi, the city has a wide variety of smart features, including the concept of smart building. Here’s how smart building management in Wave City would work: