Megaworld Corporation sweeps technology awards at Real Estate Asia 2024

The Smart City Solutions secure triple win in digital and smart technology categories.

Megaworld Corporation, a leader in urban innovations, clinched three coveted awards at the Real Estate Asia Awards 2024, demonstrating its unparalleled expertise in digital initiatives and smart technology in the Philippines. These prestigious awards include Digital Initiative of the Year - Philippines, Smart Technology of the Year - Philippines, and Technology Innovation of the Year - Philippines, underscoring Megaworld's commitment to transforming urban living through cutting-edge technology.

The heart of these achievements is the Township Analytics and Technology Laboratory, a state-of-the-art hub dedicated to crafting smart city solutions that enhance safety, efficiency, and sustainability. This laboratory is not just a testbed for futuristic urban environments but a working model of how technology can create interconnected, intelligent ecosystems that prioritise the well-being of residents.

One of the standout innovations from the laboratory this year is the Accident Detection Program. This initiative has dramatically improved safety across Megaworld's townships by allowing for rapid identification and response to incidents. Remarkably, the implementation of this programme led to a 93% reduction in accidents, underscoring its effectiveness in enhancing community safety.

Under the leadership of Mr. Francis Viernes, Chief Data Scientist and Director of the TAT Lab, Megaworld has also advanced its technological prowess through the Tech Learning Series on Power BI. This initiative has empowered teams to transform complex data into actionable insights, enhancing decision-making processes across the board. Moreover, this series has played a crucial role in reducing attrition rates by over 20% year-on-year, highlighting its impact on staff retention and skill enhancement.

Megaworld's custom-designed drones represent another leap forward in urban management. Made from lightweight carbon fiber, these drones integrate advanced crowd-counting models like YOLOv8 and DM-Count, providing precise real-time data for urban planning. This technology not only increases the accuracy of foot-traffic analysis but also significantly reduces response times in emergencies, enhancing the safety and efficiency of township management.

The laboratory's commitment to technological excellence is further evidenced by the implementation of state-of-the-art facial recognition software. This tool has become pivotal in streamlining operations, from attendance tracking to demographic analysis, offering a seamless solution that enriches Megaworld's understanding of its communities.

These technological advancements have not only earned Megaworld Corporation critical acclaim but also significantly contributed to the well-being of its communities. With an eye on the future, Megaworld continues to invest in innovations that promise to redefine urban living. The success at the Real Estate Asia Awards 2024 is just a stepping stone towards more groundbreaking developments that aim to set new standards in the real estate industry.

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 2025 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].