Advocating for Digital Engineering to Manage Real-World Data with Digital Twin: Varadise recognized as Tech Pioneer by World Economic Forum

Advocating for Digital Engineering to Manage Real-World Data with Digital Twin :
Varadise recognized as Tech Pioneer by World Economic Forum

Jun 21, 2023 – Varadise Limited, a trailblazing ConTech & PropTech company that has recently earned the prestigious title of Technology Pioneer from the renowned World Economic Forum (WEF). This recognition highlights Varadise’s groundbreaking contributions to the field of technology and its remarkable achievements in utilizing digital twins to revolutionize industries.

Driving Technological Innovation: Varadise Limited has emerged as a leader in driving technological innovation and transforming industries with its pioneering solutions. By harnessing the power of artificial intelligence (AI) with the integration of BIM Spatial Data, IoT Sensors and Engineering Data in an all-in-one Digital Twin Platform, Varadise enables businesses to optimize processes, enhance efficiency, and make data-driven decisions. With a strong focus on sustainability and social responsibility, Varadise strives to create meaningful and positive impacts to the built world to achieve excellence.

Recognition as a Technology Pioneer: The World Economic Forum has honored Varadise as a Technology Pioneer, a distinction reserved for organizations that demonstrate groundbreaking potential in their respective fields. This prestigious accolade underscores Varadise’s visionary leadership, exceptional technological advancements, and commitment to drive positive changes in the industry. By joining the ranks of other esteemed pioneers, Varadise gains access to a global network of influential leaders, policymakers, and experts, fostering collaboration and amplifying their impact.

Digital Twins as a Platform Incubates New Applications: At the heart of Varadise’s success lies its expertise in developing and implementing digital twins—the digital brain of whole operation, it captures and stores every construction activity happened on site, making use of project data vault for generative AI to learn and summaries latest project situation. . The scope of application categories encompassing not only progress management and safety management, but also extended to six main directions: general management, progress management, safety management, quality management, resources management, and trends in ESG (Environmental, Social, and Governance) management.

Smart Site Safety System (4S): Revolutionizing Safety Practices: At the core of Varadise’s offerings is their innovative product, the Smart Site Safety System. This groundbreaking technology is meticulously designed to revolutionize safety practices in industrial and construction sites. By harnessing cutting-edge sensors, real-time data analysis, and AI-powered algorithms, this system provides proactive safety monitoring, hazard detection, and predictive analysis. Its primary goal is to prevent accidents and ensure the well-being of workers. Varadise’s 4S sets a new benchmark for safety practices in industrial and construction sites. Its transformative capabilities empower organizations to prioritize worker well-being, reduce accidents, and enhance operational efficiency. With a steadfast commitment to innovation, Varadise continues to reshape the future of safety in the built environment, making worksites safer and more productive.


Varadise’s impactful Digital Twin solutions wins the Most Innovative Award at New World Innovation Challenge 2021

Varadise has been awarded the Most Innovative Awards in the Startup Stream at New Worlds Innovation Challenge 2021 organized by Eureka Nova.

At our first entry to the competition, Varadise is pleased to announce that we have been awarded the Most Innovative Awards in the Startup Stream at New World Innovation Challange 2021 organized by Eureka Nova | New World Group.

New World Innovation Challenge 2021 is the first multi-stream open competition that is designed to elevate innovative solutions to overcome the pitfalls in areas of Retail, Commerical Building, or Property Management with New World Group business units. With over 200 applicants, we had gone through several rounds of presentations all the way to the finales, we are very proud that we have been able to demonstrate our ideas and pitches on how we could inject AI intelligence and integrate IoT devices in different use cases with our solutions empowered by Digital Twin in Smart Facilities Management.

The possibilities are endless, we hope to bring consumer experience and retailtainment to a new height, thank you Eureka Nova | New World Group and New World Development Company Limited for this wonderful opportunity!

Varadise wins the Gold Award in the Start-Up Category in CIC Construction Digitalisation Award 2021 in Hong Kong

Varadise is proud to announce it has been awarded the top-notch “Gold” Award for Start-Up Category in Construction Industry Council (CIC) Construction Digitalisation Award 2021.

The Award recognizes outstanding start-up company that has adopted, advanced, and achieved excellence in Digital Transformation for its contribution in the application of cutting-edge technologies about innovation that radically improves safety, productivity, quality, and sustainability, with measurable KPIs, to enhance project delivery outcomes. The judging criteria are accessed against four key attributes – Technical Execution & Benefit Realisation; Strategy & Leadership; Innovation Management & Operation; and ESG & Industry Impact and the winners were determined by a panel of twelve external judges who are esteemed locals and international industry professionals.

At Varadise, we continue to strive to be a market leader in digitalization and data management, consistently contributing to the advancement of the construction industry and Hong Kong as a smart city towards Construction 2.0. Our Varadise Twin, a Smart Site Management Platform (SSMP) built upon the latest Digital Twin technology, serves as a single source of truth to synchronize information across project teams. We have successfully worked with public and private sector clients, main-contractor, consultants, subcontractors, and other solutions vendors to bring state-of-the-art solutions to our industry.

“My goal is to work faster and better for construction projects. I always remind myself and my team, we are not an IT company, we are engineers who solve problems with new technologies ” said Ir Terence Lui, CEO of Varadise. “Digitalization is all about standardization. It is more than just buying software or installing sensors, it is about structuring your work, your data workflows, and even your business so that you can monitor and automate your works in a better way using digital technologies. “

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