Oxford Properties has announced the four winners of its Global Hackathon competition to disrupt the design and construction process of commercial real estate buildings.
Participants from London, Sydney, Boston and Toronto were split into 50 teams and spent 48 hours solving challenges that commercial real estate faces in developing buildings.
The winners were: Team Oxford City (Sydney); Team Kaven 207 (Boston); Team Build Stream (Toronto); and Team Data Space (London).
The $20,000 prize money was split between the winning teams across the four cities.
Team Oxford City created an automated materials cost management tool that uses artificial intelligence to compare materials and optimise costs on building projects.
Team Kaven 207 created a web-based system that uses historical building design data to create cost-efficient building cores.
Team Build Stream designed an application to collect real-time customer-generated data to use in the design and development process.
Team Data Space created a contractor involvement programme that allows collaborative and agile working from the onset of the design process.
Dean Hopkins, chief operating officer at Oxford Properties, said: “The commercial real estate industry is primed for disruption – the process we use to design and construct buildings has not materially changed in almost a century. This is why we invited people to come in and hack us at this Global Hackathon competition.
“We hope that the ideas and solutions we have discovered through the Hackathon will inspire the industry to explore new ways of driving innovation through technology.”
