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Colliers leads AI revolution in construction with remote monitoring tool, CoGence
Colliers, a top player in real estate services and investment management worldwide, is creating quite a buzz in the tech field with its AI-powered platform called CoGence. This clever tool is made to spot unusual things on construction sites and create very accurate quality reports, and it’s being used in many projects by the company.
Colliers, a big name in real estate services and investment management all over the world, is getting a lot of attention in the tech world thanks to its AI-powered platform called CoGence. This clever tool is created to find strange things on construction sites and make very accurate quality reports. It’s being used in many of the company’s projects.
What is CoGence and how does it work?
CoGence is a smart platform powered by Artificial Intelligence (AI) that allows for monitoring construction sites from afar and using advanced data analysis, making construction projects faster and more efficient. This platform, developed in collaboration with Inkers, an AI company based in Bangalore, will greatly enhance the construction and project management industry in India.
CoGence uses live data scans to spot construction issues like cracks, honeycombs, and blistering, and it creates very accurate quality reports. It also uses thermal analysis to check hidden building systems (MEP) without causing any damage. CoGence even automatically tells the right people about any problems it finds, so they can take action early.T
he platform provides virtual walkthroughs of construction worksite which are freely navigable and measurable. Users can effortlessly download as-built data in both 2D and 3D formats and manage them seamlessly using Autodesk products such as AutoCAD and Revit.
What are the benefits of CoGence?
CoGence is a game-changer for the construction industry, as it offers several benefits such as:
Accuracy:
CoGence has an astonishing accuracy rate of 99.9%, which means it can detect even the smallest defects and anomalies on the site.
Time optimization:
CoGence can scan 50,000 sq.ft. of base-built space or 20,000 sq.ft. of fitted-out space in just 30 minutes, which is much faster than manual inspection.
Cost efficiency:
CoGence can reduce project delays by 79%, early detection of defects by 91%, and savings on site visits and monitoring by 91%, resulting in significant cost savings for the clients.
EHS compliance:
CoGence can identify health and safety compliance issues on the site, such as fire hazards, electrical faults, or worker safety, with minimal human dependency.
How is Colliers using CoGence?
Colliers is committed to investing 5% of EBIDA into developing new tech platforms aimed at better serving real estate stakeholders, including developers and investors. One of the platform’s standout features is its precise automated quantification and tracking of quantities against Bill of Quantities (BoQs) and schedules, significantly enhancing the efficiency of construction projects.Colliers is determined to invest 5% of its earnings into creating new tech platforms that will help real estate folks, like developers and investors, even more. One great thing about this platform is that it can accurately measure and keep track of quantities according to Bill of Quantities (BoQs) and schedules, making construction projects much more efficient.
Colliers has already deployed CoGence in several projects across India, such as:
- A large-scale residential project in Mumbai, where CoGence helped to reduce the project timeline by 12 months and save INR 120 crores in cost overrun.
- A commercial office project in Bangalore, where CoGence helped to achieve 99.9% quality compliance and reduce rework by 90%.
- A data center project in Hyderabad, where CoGence helped to ensure zero defects in MEP installation and achieve 100% thermal compliance.
Argenio Antao, COO of Colliers India, emphasizes the importance of technology in the construction industry’s future: “At Colliers, we recognize that technology is the key to the future of the construction industry. CoGence is the result of the innovative spirit that lies at our core. By combining strategy, technology, and human capabilities, we believe we can deliver significant business impact for our stakeholders. Fueled by the drive to minimize risk and maximize outcomes, our experts have harnessed the latest tech to provide customized and productive solutions.”
How can you get started with CoGence?
If you are interested in learning more about CoGence or want to see a demo of how it works, you can visit Colliers
CoGence is transforming construction in response to the increasing demand for efficiency in Indian real estate. With its cutting-edge AI capabilities, CoGence is revolutionizing the way projects are managed and delivered. Don’t miss this opportunity to leverage the power of CoGence for your next project.
