Posted on

Innovo and Contilio partner to digitize construction in the Middle East and beyond

Contilio’s 3D AI analytics platform significantly reduces Delay, FTE, Errors, and Waste, unlocking significant savings and 25-30X ROI, in addition to creating intelligent digital twins that span the assets’ whole life.

LONDON, UNITED KINGDOM, July 17, 2023 – Contilio, the Built Environment’s #1 AI Insights Platform, announced today a strategic partnership with Innovo Group, the fully integrated global construction and real estate business born out of ASGC Construction, one of the Middle East’s most prominent construction conglomerates. As a part of this partnership, Innovo will be using Contilio’s 3D AI analytics software to accelerate its digital transformation, enable digitized and efficient project delivery, and to promote safer and more sustainable construction in the middle east and beyond.

Unlike 360° job site documentation and reality capture tools, Contilio’s analytics platform harnesses the power of 3D Artificial Intelligence to automatically analyse the captured reality (Lidar and 360 images) at scale. Irrespective of how the site data is collected, construction progress/ as-built quantities, installation quality, and delay/rework risks and issues are automatically tracked in hours for projects of different size, nature, and complexity. It is this flexibility, speed, and scalability that is so valuable to Innovo, as it develops a smart and integrated system to capture and analyze vast amounts of as-built data.

By automating critical construction processes and access to actionable, data-driven insights with AI, Contilio enables digital delivery, timely decisions, enhanced productivity, and faster, sustainable and cost-efficient construction. For example, Innovo can track the true project performance in hours and identify and prevent installation issues with agility, while creating intelligent as-built digital twins that during and after construction. These digital twins enable digital handover, enhanced change and dispute management, smart operations and accelerated time to cashflow, among other benefits.

Hear from Innovo Group

“We are on a digital transformation journey to drive innovation, collaboration and sustainability”, said Innovo Chief Technology Officer Roger Wahl. “Our partnership with Contilio is a crucial part of that transformation, as we explore how integrating established and emerging technologies can transform the way we conduct our operations and make effective use of site data.”

“AI is emerging as a disruptive force in the construction sector, and it is imperative that our industry, which remains heavily reliant on manual systems, capitalize on the potential of AI-powered construction”, said Innovo CEO, Bishoy Azmy. “We are taking a leading role in accelerating the digitization of the construction sector and hope that our partnership with Contilio inspires industry peers to similarly invest in AI solutions.”

Zara Riahi, CEO of Contilio added, “We are incredibly excited to partner with and support Innovo in their digital transformation journey. As with any major industry disruption, it takes innovation champions like Innovo to drive meaningful change, and we look forward to working collaboratively to bring significant cost, time, and carbon efficiency to Innovo, and their construction and development portfolio, globally.”

What’s next?

Contilio and Innovo will be working closely together to scale Contilio’s use in the middle east and in other regions including the UK and Canada. In partnership, we will be rolling out new and critical functionalities that will help track and optimize CO2, cost and payments. This will deliver significant value and cost savings for Innovo projects, clients and supply chain partners – stay tuned!

Get in touch

For more information regarding this announcement please get in touch with Jack Li or contact us via our Website. You may also check the Innovo Group’s announcement here.

Posted on

With world’s first AI Quantity Tracker, Contilio transforms CO2 and cost management for built environment

The new 3D AI-empowered functionality enables automated production tracking and accelerates time to revenue and cash flow, as well as CO2 tracking and optimisation.

LONDON, UNITED KINGDOM, MAY 22, 2023 – The 3D AI-powered construction analytics platform, Contilio, has officially launched its first-of-its-kind AI Quantity Tracker, to automate the resource intensive, error-prone and costly process of manually tracking onsite installed quantities during construction.

The new functionality gives actionable insights on the production rate of all installed elements in a few hours, improving the productivity of the current process and its coverage by 20 times. By automating valuations and quantity take-offs, Contilio’s Quantity Tracker streamlines cost tracking and payments. This enables real estate and construction companies to improve their cash flows and time to revenue at a time when material costs and interest rates are at their highest since 2020. Financial institutions can also use the software to gain visibility into actual progress before releasing drawdowns, and to assess and mitigate the delay and rework risks during construction.

Real Estate industry demands accurate quantities and embodied CO2 tracking

With the real estate industry facing mounting pressure to reduce its carbon footprint, shareholders, market, and regulators’ demand for automated carbon tracking and reduction for construction projects and operating assets has accelerated 10-fold.

By enabling CO2 to be monitored and optimised throughout construction and operations, Contilio’s quantity tracker reduces the carbon usage of real estate assets significantly. This means that companies can achieve their sustainability goals and benefit from increased asset values, stable revenues, and access to green financing products, offered at a cheaper rate relative to traditional loans.

CEO of Contilio Zara Riahi comments on the new capability:
“I am excited to announce the launch of our cutting-edge quantity tracker to support the fast-growing demand from our customers and the global built environment for optimised CO2, cost, and payments. Having worked in the industry myself, I have a great appreciation for how time consuming, siloed and costly the current processes can be and how hard it is to get paid in a timely, transparent manner.

“Our quantity tracker functionality has been tested in over 3.5 million square feet of building and infrastructure projects, saving millions. It will be offered as a part of our existing 3D AI platform, empowering our current and future customers to deliver and operate their construction projects and existing assets within accelerated timeframes, more cost efficiently and sustainably.”

About Contilio

Launched in 2019, Contilio is a 3D-AI-powered analytics platform that automates quantity, installation quality and progress tracking, ensuring that critical construction projects are error-free, on time, on budget and carbon optimised. Contilio also enhances the operations and sustainability of assets once construction is complete, irrespective of whether building information models (BIM) are present. 

Contilio’s powerful technology delivers 25 to 30 times ROI to developers, asset owners, general contractors and financial institutions in more than 102 million square metres of building projects and $25bn of infrastructure assets. The versatile platform is used across all types of building and infrastructure projects in the UK, the USA, and most recently in the Middle East.

Get in touch

For more information regarding this press release please get in touch with Jack Li, or contact us via our website.