On average, maintenance costs make up a substantial amount of the expenses of companies. To reduce the overall maintenance costs, future maintenance actions should be avoided and predicted ahead of time.
In the ideal situation where audits are cheap, an expert would conduct a full building audit after which an AI solution would predict the expected future maintenance costs. The maintenance cost prediction for a business property can be based on the current and future costs related to maintenance, the expected frequency of maintenance actions, and information on the assets in the building.
However, in reality, a full audit is very costly, especially for smaller companies. The short-term objective was to improve the current maintenance cost calculations. The long-term objective is to predict the expected maintenance costs for the business property of SMEs without the need for a full audit.