OpenSpace ROI Report

OpenSpace provides 360°

construction photo documentation
OpenSpace In APAC
software using cutting-edge AI,
computer vision and data
visualisation to efficiently record a 5 Local Offices &
Japan
Representative
project site in the fastest and China South Korea
Singapore, Japan, China, Australia
and Hong Kong
simplest way.
Taiwan
Hong Kong
Vietnam

Thailand
Local Technical
USD $191.4 200+ Philippines Support Team
employees around the
million world
Japan, Singapore, China and
in total funding Australia
Malaysia

Singapore
Indonesia
150% 300% Local Server Operating
Increase in customers Increase in site on AWS
Year On Year captures Year On Year
Singapore, Japan, China, Australia,
UK, UE and US

Australia
76 8.5 Billion
Countries with projects Square feet captured

New Zealand
Key APAC Customers

& more…..
Our Technology
VISION ENGINE

OpenSpace’s proprietary
and patent-pending Vision
Engine is the core of the
first fully automated reality
The Vision Engine relies on computer vision The Vision Engine uses 3D reconstruction Machine Learning - The Vision Engine uses
capture system. to automatically align images into a single to locate features in space and recreate 3D each capture and walk track as a training
integrated scene, recognize and label key environments. dataset.
features, and map them to floor plans.

OpenSpace uses image-based Simultaneous OpenSpace is using semantic Progress Tracking - Once images have Big data visualization is the practice of
Location and Mapping (SLAM) to estimate segmentation to develop a series of been processed, aligned, located and rendering visual representations of large,
the path of the walker on a floor plan. construction-specific classes and classifiers to segmented, they can be analyzed to deliver complex datasets, making them easier to digest
transform raw images into logical segments that progress tracking. and understand.
can be tracked and counted.
Security & Privacy
Cyber security requirement :
● SOC2 Type 2 Compliance

Privacy requirement:
● GDPR (General Data Protection Regulation EU)
● CCPA (California Consumer Privacy Act)
● PIPEDA (Personal Information Protection & Electronic Documents
Act)
● Other recognized Global frameworks that may require separate DPA
agreement
Product Features
OpenSpace Capture OpenSpace ClearSight

360 video capture with AI Mobile 3D LiDAR Scan with iPhone Progress tracking accurately Heatmap to indicate completed and
automatically map your walk to floor or iPad Pro and no manual processing generate objective % complete and incomplete construction area
plan completion date

further
Seamless integrations with enhance with Measure productivity rates
commonly industry use CDE platform Compare actual vs BIM model side- objectively and exportable data
by-side. Accept over 70 file formats for 3rd party analytics tools

OpenSpace Capture, combined with Clearsight, document and

Record issues, QA/QC, defects and Export project data to an offline
RFI with location automatically pinned HTML format on project completion capture your site into actionable data by automatically tracking
to floor plan and quantifying work at site for key trades and project milestones
Easy Setup - Basic Requirements

make the best of

your BIM model
BIM model

2D Floor Plan 360 Camera

4G or any internet GPS
…. and it works very well even without connection
X
OPENSPACE.AI
Confidential
Simplified Adoption
1. Turn the 360 camera on,
2. Tap go
3. Go for a site walk
4. Upload
….. Sit back, and let AI do the
works for you

It works well even without..

Product Overview - Capture
Summary of Benefits Projected for
existing customers The projection below are proven and based on current overseas
customers, including from Hong Kong, Australia, UK, EMEA and US.

A complete and objective 90% cost saving on

visual record of your documentation 10x time faster and 90% cost savings in 80% cost savings 50% reduction in
and progress more complete raising and supports work traveling
assets, save time, money tracking documentation creating report remotely
and headaches.

OpenSpace provides the

easiest way to fully
document your site and
progress
Faster Smarter inspections for Validate Enhanced Accurate & reliable
scalability claim processing maintenance and concealed work maintenance with digital asset
repair easily actual historical images information
Calculation on ROI
Documentation & Progress Tracking Conventional
Method Cost (C)
OS Method (D) Saving = (C)-(D)
Percentage
Savings

Project Engineer ₱37,600.00 ₱3,760.00 ₱33,840.00 90.00%

Benefits: Cost saving in Taking Pictures, Download,
Site Manager ₱124,000.00 ₱12,400.00 ₱111,600.00 90.00%
Pin location, Progress Tracking, Preparing, Raising &
Generating report Project Manager ₱96,000.00 ₱9,600.0,000 ₱86,400.00 90.00%

Cost saving improvement in project documentation The user used for the calculation are on standard use case. If this Sprint project
have different user, the cost above will be re-adjusted accordingly.
and progress tracking =
$358,476.95/$398,307.72*100% = 90%
Key building project details

● Project Duration - 12 Months

● GFA: 10,000sqt

Baseline calculation and estimation based on average result from existing use cases
● Weekly working hours taking 45 hours, 4 weeks per Month
● Conventional way - Time spend for captures 60 min/10,000 Sqft
● Openspace - 6 min/10,000 Sqft
● Calculation is based on process from taking pictures, download pictures, pin location
at floor plan, progress tracking, preparing, raise and generating report
● Each cost is calculated based on average hourly rate multiply by time spend for all the
activities (conventional and using OpenSpace technology)
Calculation on ROI
Documentation

150 15 10X
MINUTES MINUTES FASTER
DOCUMENTATION
Average time to capture Average time to walk a 25K
images manually, upload and soft. lob site with OpenSpace
map to project plans. and upload images - which are
automatically mapped to project
plans

That’s 10 hours saved each month - a full working day

CEC Facilities Group

Calculation on ROI
Raising and Creating Report Conventional
Method Cost (C)
OS Method (D)
Saving = (C)-
(D)
Percentage
Savings

Safety Officer ₱6,546.67 ₱654.67 ₱5,892.00 90.00%

Benefits: Time saving in Preparing, Raising, and Quality
₱8,666.67 ₱866.67 ₱7,800.00 90.00%
Generating Report Manager

The user used for the calculation are on standard use case. If this Sprint project
have different user, the cost above will be re-adjusted accordingly.

Cost saving improvement in raising and creating

report = $18,658.00/$20,731.11*100% = 90%

Baseline calculation and estimation based on average result from existing use cases
● Weekly working hours taking 45 hours, 4 weeks per Month
● Calculation is based on process from preparing, raise and generating report
● Each cost is calculated based on average hourly rate multiply by time spend for all the
activities (conventional and using OpenSpace technology)
Calculation on ROI
Work Remotely Conventional
Method Cost OS Method (D) Saving = (C)-(D)
Percentage
Savings
(C)
BIM Modeler ₱2,600.00 ₱500.00 ₱2,100.00 80.77%
Benefits: Time saving in sorting documentations, Design Engineers ₱3,466.67 ₱666.67 ₱2,800.00 80.77%
Work remotely The user used for the calculation are on standard use case. If this Sprint project
have different user, the cost above will be re-adjusted accordingly.

Cost saving improvement via work remotely =

$6,650/$8,233.33*100% = 80.77%

Baseline calculation and estimation based on average result from existing use cases
● Weekly working hours taking 45 hours, 4 weeks per Month
● Calculation is based on process from finding and sorting documents,work remotely
and reduce frequency to site
● Each cost is calculated based on average hourly rate multiply by time spend for all the
activities (conventional and using OpenSpace technology)
Calculation on ROI
Travel Times

Benefits: Save time by reducing site visits

OpenSpace lets construction teams do “ virtual

visits” 24/7, reducing physical site visits by 50%. Novo

50% reduction in traveling Significant benefits for Reduce carbon footprint

overseas project

(Typical time spent per weekly remote monitoring without

visit including travel time) traveling to site

Baseline calculation and estimation based on average result from existing use cases
● Travel times has too many variables to be considered into the calculation.
● We are estimating at least 50% reduction based on the survey and use cases from
our customers that requires to travel to the site; locally, and international.
Case Study

Reduce Travel Costs Accelerated project 90% reduction in site Enhanced Operational Avoid of rework and
By 50% delivery 1 month walks Efficiency reduce able to identify clashes in
number of supervising advance
Hundreds of hours 10x Faster 20% of workforce staff on-site
saved documentation supported to work Time savings and fewer
remotely Time savings with 3D people on site with drop
Thousand to millions of 50% savings on travel virtual walkthroughs in on the site remotely
dollars in rework avoided Improved handover to
Operations Team as Improved handover to Increased productivity
10X faster documentation end-to-end solution Operations Team as with site walk can be
end-to-end solution done individually

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