Smart Buildings with the Ability to Process and Think

Prescriptive Data’s New Software, Nantum

American startup Prescriptive Data is about to launch a path-breaking software, Nantum, soon. The software analyzes the entire building and acts as a think-tank. It helps in controlling various aspects like indoor temperature and energy consumption for the entire building.

What’s the Need?

America’s one of the oldest real-estate dynasties, Rudin, owns Prescriptive Data and has invested around $5 million in it till now. Bill Rudin, CEO, Rudin Management, basically wanted to come up with such an integrated system that could collect data from a building’s various systems and control each of those aspects from a single console. The major advantage that Nantum offers is making a building energy efficient by controlling indoor temperature and reacting quickly to power failures.

How It Works?

Nantum analyzes data like building occupancy, power consumption, outdoor and indoor temperature, elevator use frequency, etc and provides real-time solutions to attain maximized energy conservation, thus lowering down the maintenance costs. That translates into an average savings of 50 cents per square foot. What’s more, all these aspects can be controlled with a digital interface.

Right now, Prescriptive Data is planning to charge 7.5 to 8 cents per square foot as annual fees to these buildings.

Takeaways:-

• Prescriptive Data’s Nantum is the latest software in real-estate technology aimed at making smart buildings.
• It can gather data like building occupancy, power consumption, outdoor and indoor temperature, elevator use frequency, etc and provides real-time solutions to attain maximized energy conservation.
• Executives believe that Nantum can lead to an average savings of 50 cents a square foot.
• The company is planning to charge annual fees of around 7.5 to 8 cents a square foot to these buildings.