As countries look to accelerate decarbonisation and meet their net-zero targets, investment in smart parks is forecast to eliminate more than 27 per cent of global greenhouse gas emissions.
A desire to tap into the development of the smart parks industry in 88 smart cities worldwide by 2025 (IHS Markit) has prompted Envision Digital and Tridium to enter into a strategic agreement to develop joint innovations.
As countries look to accelerate decarbonisation and meet their net-zero targets, investment in smart parks – which are aimed at eliminating the need to burn fossil fuels for industrial production and regular building operations – is forecast to eliminate more than 27 per cent of global greenhouse gas emissions.
Smart parks are characterised as a cluster of mixed-use smart buildings that are custom-built to meet the needs of different organisations and enterprises within a shared location.
Occupants can efficiently control and ‘automate’ the spaces they lease – and the operational or manufacturing systems and processes within it – using an artificial intelligence of things (AIoT) platform and digital applications.
Envision Digital will combine its expertise in smart energy management (solar, wind and storage) and AIoT optimisation and controls with Tridium’s expertise in digital services for smart park and smart building management.
“We aim to do our part by implementing an innovation roadmap that will help countries make smart parks the base unit for new breakthroughs in renewable resource allocation and environmental management”
According to the companies, this combined expertise will help real estate developers, building owners and government regulators develop the right digital architecture for smart parks and buildings and help to harness their full potential.
“Today’s burning question is no longer about whether smart parks and smart buildings can deliver value. Instead, it is about how we can effectively implement the right digital architecture to harness their full potential,” said Simon Liu, general manager, Asia-Pacific, Tridium.
“Our partnership with Envision Digital is based on our shared belief that economic growth and sustainability must be a collective consideration. As such, we aim to do our part by implementing an innovation roadmap that will help countries make smart parks the base unit for new breakthroughs in renewable resource allocation and environmental management.”
Headquartered in Singapore, Envision Digital owns EnOS, an AIoT operating system that it claims manages more than 200 gigawatts of energy assets globally.
Driven by machine learning, Envision Digital’s proprietary monitoring, advanced analytics, forecasting, and optimising applications provide insights to help organisations better manage their energy assets’ performance. This includes proactively detecting and diagnosing emerging system underperformance or component health issues and providing automated recommendations for pre-emptive or corrective action.
Headquartered in Richmond, Virginia in the US, Tridium is the developer of the Niagara Framework, a software platform for the development and deployment of connected products and device-to-enterprise applications.
Niagara provides the critical device connectivity, cybersecurity, control, data management, device management and user presentation capabilities needed to extract value and insight from real-time operational data. This enables diverse systems to communicate and collaborate in and across buildings, data centres, manufacturing systems and cities, to create smarter, safer, and more efficient enterprises and communities, the company reports.
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