McKinstry and Optio3 use Artificial Intelligence to Unlock Building System Data
Strategic partnership combines McKinstry’s extensive industry experience with Optio3’s innovative technology platform to create new approaches and tools for the built environment
SEATTLE—(May 14, 2018)—McKinstry and Optio3 partnered to unlock building system data to better serve building owners, managers and occupants through artificial intelligence (AI), advanced analytics and automation. The partnership combines McKinstry’s extensive built environment experience with Optio3’s secure cloud-based IoT technology platform.
Building systems generate thousands of datasets, but most control systems only use a select few needed to meet basic facility management and occupant comfort functions. The remaining uncollected datasets are a lost opportunity. Together, McKinstry and Optio3 will develop new approaches and tools to detect, identify, monitor and analyze all building system data. Advanced data analytics and active machine learning can then be applied to improve building performance, identify cost savings and enhance tenant satisfaction.
“Half of the energy consumed by the built environment is wasted, which is completely unacceptable from both a sustainability and cost perspective,” said Ash Awad, Chief Market Officer for McKinstry. “Data analytics can reduce that waste significantly, but the built environment has been slow to embrace machine learning to streamline facility operations and maintenance. McKinstry and Optio3 are changing that by putting building system data to work.”
“The scale of new technologies being added to building systems is growing exponentially year-after-year, creating considerably more data than we can collect, categorize and analyze manually,” said Sridhar Chandrashekar, Cofounder and CEO of Optio3. “Optio3 and McKinstry are removing that limitation and creating tools to manage our built environment in ways that have never before been possible.”
McKinstry deployed the Optio3 platform on its corporate headquarters facility and conducted several months of extensive validation. Under terms of the agreement, McKinstry will work alongside Optio3 to develop the technology for built environment applications.
McKinstry is a full-service, design-build-operate-and-maintain (DBOM) firm specializing in consulting, construction, energy and facility services. The firm’s innovative, integrated delivery methodology provides clients with a single point of accountability that drives waste and redundancy out of the design/build process. With over 1,600 professional staff and trades people throughout the United States and operations in more than 15 states, McKinstry advocates collaborative, sustainable solutions designed to ensure occupant comfort, improve systems efficiency, reduce facility operational costs, and optimize profitability “For The Life of Your Building.”
Optio3 is an IoT operations management company, developing technology to streamline operations of IoT (connected non-IT) devices in any enterprise or infrastructure, using a highly scalable, secure cloud-based software solution. The solution provides comprehensive visibility, easier management, advanced analytics and machine learning, that improves performance and identifies cost savings in the built environment (and other segments). Optio3 founders bring decades of expertise in building large-scale SaaS solutions and cloud infrastructure to apply to the world of IoT. For more information, visit www.optio3.com.