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JLL Facilities Management Launches IDEA Lab - PropTech Startup

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Incubation Cell

(Attn.editors: The following press release comes to you under an arrangement with PRNewswire. PTI takes no editorial responsibility for the same).

JLL Facilities Management Launches IDEA Lab - PropTech Startup Incubation Cell

MUMBAI, February 26, 2018/PRNewswire/ -- JLL, India's largest real estate services firm, today announced the launch of IDEA Lab, an incubation cell, to tap into the ecosystem of startups and vendor partners and to bring the best of technology applications, tools and solutions with an aim to drive client experience and productivity. Through this pioneering programme, JLL's Facilities Management business aims to bring the best of breed FM solutions and disruptive technologies such as Internet of Things, Artificial Intelligence, Robotics, Chatbots, Machine Learning, Predictive Analytics, etc., that have current or future applications in the space their clients operate in.

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Findings of a recent survey of CEOs across the Asia Pacific region, sponsored by JLL, reveals that a large majority of CEOs believe that automation and artificial intelligence (AI) will affect the way people in their companies work. As new innovations revolutionise how people work, companies must be prepared to tackle the challenges and embrace the opportunities that technology brings. Savvy C-suites today see a direct co-relation between productive places of work and healthy balance sheets. In this scenario, Facilities Management has a vital role to play in enhancing employee experience and efficiency at workplaces through the perfect mix of technology and the human touch.

Sandeep Sethi - Managing Director, Integrated Facilities Management, West Asia, JLL says, "We have seen that increasingly, our clients have been demanding agility, easy access to innovation 'as it happens' in the market and relevant technologies that positively impact their end user experience."

"The IDEA Lab will be a perfect bridge to make the big step from idea to execution and make our client's facilities 'future ready'. Smart AI infused bots, sensor driven meeting rooms for efficient space utilization, app-based cafeteria, transport solutions and Internet of Technologies enabled green buildings are not the concepts of future anymore. We are witnessing tomorrow, today," he added.

JLL has recently inducted 'Tech Innovator' - Hemant Soni, to helm this initiative. Hemant is an IIT Roorkee alumnus, a young entrepreneur with an experience of starting and leading technology startups. He is also the Founder and CEO of mPass - a visitor management solution.

In addition to being a gateway to the startup and partner ecosystem for new technologies, the IDEA Lab will also execute pilot projects for organizations and will have the responsibility to scale up and implement successful pilots in live client environments.

About JLL India

JLL is India's premier and largest professional services firm specializing in real estate. With estimated revenue for FY 2017-18 expected to be ~INR 3,200 crores, the firm is growing from strength to strength in India for over the past 20 years. JLL has an extensive geographic footprint across 10 cities (Ahmedabad, Delhi, Mumbai, Bengaluru, Pune, Chennai, Hyderabad, Kolkata, Kochi and Coimbatore) and a staff strength of over 9,500. The firm provides investors, developers, local corporates and multinational companies with a comprehensive range of services. This includes research, strategic advisory and consultancy, capital markets, transaction management, project and development services, integrated facilities management, property and asset management. These services cover various asset classes such as commercial, residential, industrial, retail, warehouse and logistics, hospitality, healthcare, senior living and education.

JLL was recognised as one of the 'Best Places to Work in India 2017' in the annual survey of 'India's Best Companies to Work For' - a joint study conducted by Great Place to Work® and The Economic Times. The firm has also been acknowledged as 'Property Consultant of the Decade' at the 10th CNBC-Awaaz Real Estate Awards 2015 and the Best Property Consultancy in India at the International Property Awards Asia Pacific 2016- 17.

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Media Contact: Piyali Dasgupta [email protected] +91-9833571204 Associate Director, PR & Media Relations JLL India

Source: JLL India PRNewswire OSS

Disclaimer: This story has not been edited by BW staff and is auto-generated from a syndicated feed.

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