Buddy Platform, an Internet of Things (IoT) company backed by American singer Lady Gaga and technology giant Microsoft, launched a new product Monday for monitoring buildings` energy usage.
Called the Buddy Ohm, the device measures the consumption of electricity, gas, water, steam and solar power generation in buildings and public infrastructure.
"In the future, though, Buddy Platform plans to have a product that they "can take to other ends of the market, both up and down.
This first end-to-end system from Buddy Platform, it`s designed to provide real-time insights to help operators and tenants drive down resource spending through understanding the connection between their actions and energy consumption.
Buddy Ohm aims to educate occupants on resources through real-time data because "without knowing what energy you`re consuming in a building, it`s very hard to do anything about saving it," David McLauchlan, CEO of Buddy Platform told CNBC`s "Street Signs" on Wednesday.
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