A National Innovation Challenge project, the home-grown 3D Smart Inspection Solution is built on AWS and looks to transform the Singapore prefab industry

SINGAPORE , Nov. 10, 2021 /PRNewswire/ -- VooX, a leading Singaporean spatial computing and technology firm, is building on Amazon Web Services (AWS) to develop digital solutions for the construction and real estate industry. The VooX Smart Inspection solution enables construction and real estate firms to overcome labour constraints, improve efficiency, and increase transparency among stakeholders, and is the first home-grown solution to reach this market since the National Innovation Challenge (NIC) was launched in July 2020 .

"VooX is the first technological provider from the NIC cohort to have successfully developed our solution for the Soilbuild's challenge by the build industry & that is now taking the solution to market. It is a significant milestone for us as hundreds of providers had taken part in the NIC challenges & to be the first to go to market is a good validation of the robustness of our solution, " said Allen Foo , CEO and Founder of VooX.

With the built industry inundated with COVID-19 induced delays, Soilbuild had been looking for a cloud-based intelligent inspection system to improve the overall productivity of its prefabrication production lines in Singapore and Malaysia in line with Singapore's Construction Industry Transformation Map (ITM).

The construction firm was matched with VooX in July 2020 on the Open Innovation Platform (OIP). Supported by Singapore's Building and Construction Authority (BCA) and Infocomm Media Development Authority (IMDA), the OIP connected businesses' needs with a global pool of technology providers to solve long-term sectoral challenges faced by the various industries. Since 2018, OIP has grown to feature more than 11,000 solvers and 200 business challenges, with $7 million in prize monies for prototypes alone.

Kaijie Ng, Director of IMDA's Open Innovation Platform, said, "I am excited to see VooX build on AWS to scale globally through our Open Innovation Platform. This proves OIP's value of matching startups with cutting-edge solutions to businesses with meaningful problems to solve. We are happy to see VooX continuing to grow their engineering team and AI capabilities while helping realise our vision of making Singapore a place of innovation."

VooX reduces inspection time, increases quality assurance

VooX's Smart Inspection Solution is currently being applied to Soilbuild Construction Group's (Soilbuild) Integrated Construction and Precast Hub (ICPH) factory project. The system provides 3D digital site inspection and defect management designed to improve workflow, including streamlining QA/QC processes, and reduce delays across the board. VooX also provides training to upskill workers on how to use the system through 'just-in-time' training.

The system, equipped with point cloud machine vision capabilities to automatically detect and log visual data and detect dimension defects, has reduced turnaround times between inspections and rectification by 23%. Furthermore, inbuilt artificial intelligence (AI) resulted in more defects detected in a shorter period, resulting in a 56% increase in quality assurance competency across production lines.

"We needed to adopt a solution to overcome border restrictions as our Singapore -based design team needed to correspond with and conduct quality assurance inspections at the ICPH factory in Singapore and our other factories in Malaysia . Additionally, our production supervisors were able to learn and use the solution with great ease and seamlessly relay critical spatial information to our design teams in Singapore ," said Ganessaraj Soocelaraj, CEO of Soilbuild Construction Group Ltd.

VooX's system uses Amazon Simple Storage Service (Amazon S3), an object storage service, and AWS Lambda, a serverless, event-driven compute service, to receive and process the large volumes of incoming point cloud data. This allows VooX to analyze the data and deliver actionable results in the shortest possible time. Voox can deploy, manage, and scale the Smart Inspection Solution with Amazon Elastic Container Service (Amazon ECS), while using AWS Fargate to enhance operations by reducing the infrastructure, deployment and management cost.

"The construction and built environment industries have been under pressure to digitalize their processes and improve the way in which people work. By building on AWS, VooX has been able to provide an innovative service that is designed to improve collaboration and reduce turnaround times while improving quality assurance, " said Stanley Chan , Head of Technology Partners, Asia-Pacific and Japan , AWS.

A glimpse into the future of the construction industry

According to Future of Construction, a forecast co-produced by Oxford Economics, the construction industry is set to lead global economic recovery from the COVID-19 pandemic and overtake growth in the manufacturing sector in the decade to 2030. However, construction recovery has been uneven in Singapore , as firms struggle to keep pace with increased demand and delayed construction projects.

It is estimated that for every billion spent on a project, an estimated US$127 million is wasted due to management inefficiencies and delays, and the pandemic has exacerbated this.

VooX was founded on unleashing the potential of data and emerging technology such as AI/ML to frontline sectors such as construction and aims to help boost productivity.

Allen Foo adds, "Industries have begun to dig deeper seeking tech aided solutions. With adoptive and smart technologies, industries not only overcome current industry obstacles but also future proofs businesses."

For more information, visit https://www.voox.io/smart-inspection-case-study.

View and download video here.

For more enquiries, please email info@voox.io.

Founded in 2016, VooX is a spatial based solution company headquartered in Singapore. With the fast-growing Asia Pacific market and world-leading Fortune 500 companies, the team seeks to deliver productivity solutions for front line teams leveraging the latest technology in AI, spatial computing, Human to Machine Interactivity and IoT across the petrochemical, energy, railway transit, intelligent manufacturing, architecture, construction and engineering, training and education industries.

Soilbuild Construction Group Ltd. is a leading builder with a long and successful track record of constructing a sterling award-winning residential and business space properties portfolio. Since its inception in1976, Soilbuild charts over 40 years of success in offering a full spectrum of real estate services, including Civil Engineering, Design and Build, Construction, Turnkey Construction, Project Management Consultancy, Procurement and Mechanical & Electrical Installation, Precast and Prefabrication.

Devon Energy is slated to report their latest quarterly figures to shareholders after the close of trading Monday. In this daily bar chart of DVN, below, we can see that prices declined in June/early July but have firmed again after several tests of the rising 200-day moving average line. The On-Balance-Volume (OBV) line weakened in June but has started to rise again in July telling us that buyers are again being more aggressive than buyers.

He also predicts a ‘more significant pullback’ if this one thing happens.

Yahoo Finance Live anchors discuss second-quarter earnings for ON Semiconductor.

Recently, Zacks.com users have been paying close attention to Ford Motor Company (F). This makes it worthwhile to examine what the stock has in store.

In this article, we discuss 10 energy stocks to watch amid changing situation in oil markets. You can skip our detailed analysis of these stocks and the current market situation, and go directly to 5 Energy Stocks to Watch. The oil and gas industry has rebounded strongly throughout 2022, with oil prices reaching their highest […]

Yahoo Finance's Akiko Fujita discusses Alibaba responding to delisting fears.

Palantir Technologies Inc. (PLTR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Whether markets move up or down, every investor loves a bargain. There’s a thrill in finding a valuable stock at low, low price – and then watching it appreciate in the mid- to long-term. Portfolio growth of that sort is one of the reasons investors are in the investing game to begin with. So, how are investors supposed to distinguish between the names poised to get back on their feet and those set to remain down in the dumps? That’s what the pros on Wall Street are here for. Using TipRanks’ pla

For older Americans, living off the interest and returns of your retirement account is how retirement is structured. The goal is that by the time you hit your late 60s you will ideally have enough saved up to coast indefinitely. … Continue reading → The post How Much Interest Does $2 Million Pay Monthly? appeared first on SmartAsset Blog.

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...

Every year, doctors diagnose over 25,000 new cases of stomach cancer, the fifth most common type of cancer worldwide. And while many factors may increase your risk of being included in that number, experts say one of them is related to your diet. Read on to learn which type of food is linked with an increased risk of stomach cancer, and why limiting your intake could help bring that risk back down.READ THIS NEXT: This Popular Party Snack May Cause Colon Cancer, Experts Say. Certain factors can r

Yahoo Finance Live anchors discuss earnings expectations for companies like PayPal, Starbucks, and Uber.

Upstart Holdings, Inc. (UPST) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Apple is gearing up for a four-part bond sale to fund stock buybacks. Apple (ticker: AAPL ) is planning to use the proceeds from the sale for general corporate purposes, including buying back shares and paying dividends, the company said in a filing with the Securities and Exchange Commission. Apple didn’t disclose how much money it is raising or what interest rates it will pay.

Otonomy Inc (NASDAQ: OTIC) has announced that the OTO-313 Phase 2 trial in tinnitus demonstrated no clinically meaningful benefit versus placebo for primary and secondary endpoints across all time points. The 153-subject study did show a higher response rate than placebo in a prospectively defined patient subgroup with tinnitus duration of fewer than six months (population studied in Phase 1/2 trial). The overall results do not support further development of OTO-313. Also Read: Otonomy Hearing L

Yahoo Finance Live’s Brian Sozzi discusses the CHIPS Act passing in Congress and what Intel CEO Pat Gelsinger had to say about the chip maker’s second-quarter earnings.

Advanced Micro Devices (AMD) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Wealth managers help set and reach goals for financial needs. Here's a breakdown of wealth management services and examples of when you will need them.

Occidental Petroleum (OXY) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Clovis (CLVS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.