JLL Throws Open Global Centre of Expertise in Bangalore
The CoE will drive rapid iterative innovation, aiming to set new standards for the commercial real estate industry.
NYSE-listed JLL on Wednesday launched its global Centre of Expertise (“CoE”) for Technology, Data & Information Management. This state-of-the-art facility is focused on harnessing emerging technologies and developing new solutions for JLL and its clients. As India’s first global center for property technology (“PropTech”), the CoE will set new standards of innovation for the commercial real estate industry.
Spread over 20,000 sq.ft. at Prestige Trade Towers in Bangalore, the CoE will open with 170 (and growing) highly skilled tech experts working together to provide a single data, engineering and support platform to JLL and its clients globally.
More importantly, the CoE will drive rapid iterative innovation, aiming to set new standards for the commercial real estate industry. This includes experimenting with data and technology design, artificial intelligence, augmented reality, virtual reality and other emerging technologies to help JLL’s clients to make smarter decisions about real estate.
The CoE will also collaborate with other technology partners to prototype and fast-track new solutions and ideas.
Anthony Couse, CEO, JLL Asia Pacific, said that the real estate industry is faced with a tremendous opportunity for digitization. Technology and data will revolutionize the way it does business, and JLL wants to be at the forefront of this digital transformation. Now with a single, global technology platform and best-in-class tech talent on its side, it is one step closer to realizing its ambition as the technology leader in the real estate industry.
Ramesh Nair, CEO and Country Head, JLL India, said that PropTech is an emerging concept in India, with ample opportunity for growth. Locating its Global Centre of Expertise in Bangalore allows the company to be at the heart of innovation and disruption. The company is excited to usher in a new age of transformation by leveraging PropTech to help solve its clients’ problems, make smarter decisions and simplify lives.
George Thomas, CIO, JLL Asia Pacific, said that with this the company takes a big step forward towards our digital ambitions. The talented colleagues located in Bangalore, India will support our businesses to deliver an end-to-end digital experience, underpinned by a modern data and technology platform that will leverage JLL’s deep knowledge-base to enable unique data insights and advanced digital solutions for our clients. Aligned to its technology and data executive management team at JLL, the CoE will also serve as a liquid lab to architect, build and test advanced digital products to support its clients, as well as its firm, he said.
The new workplace features an open, collaborative design, catered to the varied workflows of each employee, including focus pods, collaboration lounges and relaxation spaces. The center also integrates smart technology such as Cave Automatic Virtual Environment (CAVE) projections, allowing teams to utilize the immersive virtual reality environment for research, design or analysis.
