The Budget of 2018-2019 proposed to set up a $1 billion Construction Innovation and Technology Fund (CITF) to encourage enterprises in the construction industry to adopt innovative technology. CHAIN Technology Development was honourably invited by Construction Industry Council (CIC) to share experience at the Briefing on Pre-approved Technologies Pilot Scheme and Experience Sharing Session for CITF. CHAIN got valuable opportunity to present its latest research results along with the companies joining the pilot scheme.
CHAIN showcased an innovative Smart City management system, Hybrid Reality Platform (HRP), with its Ultra-Touch Table, demonstrating how to collect and integrate the data from multiple IoT devices to one portal for data visualization and analysis.
“Current construction progress monitoring methods require manual data collection and extensive data extraction from different construction documents, which distract managers from the important task of decision making,” Wisdom Chan, Chief Technology Officer and co-founder at CHAIN, said. “Now we have a system that allow managers to see at a single glance the performance of key operating assets within any of the buildings efficiently and in a timely manner.”
“Our HRP can deliver visualization of performance metrics that aims to represent progress deviations through superimposition of four-dimensional 4D as-planned model over time-lapsed photographs in a centralized and comprehensive visual dashboard,” Wisdom said.
The $1 billion fund aims at supporting the construction industry for adopting innovative technologies with proven effectiveness, either mature or at initial phase of commercialization. In line with this objective, CHAIN’s award-winning solution, HRP, could serve as a decision support system for stakeholders to reach better decisions, spanning over design, construction and management stages, in overall increasing efficiency and productivity.
Briefing on Pre-approved Technologies Pilot Scheme and Experience Sharing Session arranged by CIC was held at Charles K. Kao Auditorium on 19 July 2018, with demonstration of technology products and solutions at Atrium Link in the Science Park.