Colliers International India triumphs with tech innovations at Real Estate Asia Awards

They revolutionise project monitoring with AI and ML integration.

Global real estate services leader, Colliers International India Property Services Pvt Ltd, has earned distinguished recognition at the Real Estate Asia Awards 2024, winning both Technology Innovation of the Year - India and Digital Initiative of the Year - India. These accolades celebrate the company's pioneering digital platform, CoGence, which leverages artificial intelligence (AI) and machine learning (ML) to transform project monitoring and management.

CoGence, the latest addition to Colliers' suite of technological solutions, stands out for its ability to facilitate remote project monitoring at an elemental level. The platform generates highly accurate 3D as-built models that are both navigable and measurable, offering a detailed overview of project progress. These models include visual and thermal analytics, which are crucial for identifying defects and deviations from the project plan early on. This ensures strict adherence to project schedules and budgets, thereby enhancing overall quality and efficiency.

One of CoGence’s standout features is its automation capabilities. The platform automates the generation of as-built models in both 2D and 3D formats, making them easily downloadable for stakeholders. It also precomputes completed work quantities and automates the identification and documentation of personal protective equipment (PPE) non-conformances, a critical aspect of maintaining site safety standards.

Furthermore, CoGence enhances resource management by recording labour counts by category, thus enabling real-time assessment of labour productivity. This feature significantly speeds up resource allocation and management, reducing project delays and cost overruns.

Colliers' innovative approach has led to several notable achievements with CoGence. The platform's ability to produce segmented as-built models with thermal and texture overlays has set a new standard in project monitoring. These models are not only highly accurate but are also generated at a fraction of the time and cost required by traditional systems – specifically, at one-fifth the time and half the cost.

In addition to time and cost efficiency, CoGence has proven to optimise project site operations comprehensively, covering cost, time, quality, and safety. This optimisation has been a game-changer, allowing project teams to manage complexities with greater precision and less effort.

Colliers' success at the Real Estate Asia Awards 2024 underscores its commitment to innovation and excellence in the real estate sector. The recognition for Technology Innovation of the Year - India and Digital Initiative of the Year - India highlights the company’s forward-thinking approach and its dedication to leveraging cutting-edge technology to enhance project outcomes.

The Real Estate Asia Awards is presented by Real Estate Asia Magazine. To view the full list of winners, click here. If you want to join the 2024 awards programme and be acclaimed for your company's exceptional projects or initiatives in the Real Estate industry, please contact Julie Anne Nuñez at [email protected].