HKL_English left copie.jpg

SMART COOLING, SMART CITIES

Your opportunity to create solutions that make a real difference

CHALLENGE: How can you make cooling building systems more energy-efficient and sustainable?

Hongkong Land – the leading property investment, management and development group with a growing portfolio of prime office and luxury retail properties in the heart of Hong Kong, Singapore, Beijing, Shanghai and Jakarta – has the following challenge for students:

 

 

Existing Cooling System Process

The air conditioning cooling systems of some of Hongkong Land’s buildings rely on chilled water supplied by a third-party Central District Cooling Plant (CDCP).

Chilled water is supplied to Hongkong Land’s cooling systems at a designated temperature and Hongkong Land is required to return the water to the CDCP at a predetermined temperature range.

If the temperature of the returned water is too low, it will have a negative impact on the efficiency of the CDCP, which leads to a levy payable by Hongkong Land to the third-party operator of the CDCP.

 

How To Improve This Process?

What solutions can Hongkong Land apply to ensure that the water used in its buildings’ cooling systems is returned to the CDCP at the predetermined temperature range, in an efficient and sustainable manner?

 

Do You Have The Solution?

Hongkong Land is looking to explore creative software, built-hardware or any other innovative solutions that can deliver more efficient, IoT-driven and cost-effective ways to better manage the temperature of the returned chilled water.

The aim is not only to reduce the risk of a costly levy, but also to reduce unnecessary energy use and improve the efficient use of assets – for a more sustainable business.

And this is where you can make a difference! If you are passionate about sustainability by using data and technology, then get involved in the Smart Cooling, Smart Cities Challenge.

RESOURCES

Here you will find suggestions on things to consider as you begin your journey to create innovative, data-driven solutions for Dairy Farm to improve its inventory management system.

CONSUMERS IN TODAY'S DIGITAL AGE

> E-commerce sales globally are tipped to top US$4 trillion by 2020

> Asia’s population is young, fast-growing, increasingly online and mobile-first

> Rising consumer expectations for fast, if not immediate, order delivery

> Disruption in the retail sector has enabled niche online retailers to get a foothold

> Good UX design of online platforms is rising in importance

> Easy and secure payment methods

SUPPLY CHAIN OF THE FUTURE

> What factors prevent inventory management systems providing an accurate and reliable real-time view?

> Large established companies have legacy systems – how equipped are they for the IoT age?

> What is the upside to reduce stockouts and overstocked items?

CUSTOMERS

Here you will find suggestions on things to consider as you begin your journey to create innovative, data-driven solutions for Dairy Farm to improve its inventory management system.

HAPPY CUSTOMERS: HELLO SALES

Real-time access to inventory levels enables Dairy Farm to make quick decisions, swiftly sell and deliver products to meet the needs of its evolving – and increasingly digitally-connected and prosperous – customers.

Beyond customer satisfaction, the success of major retailer operations like Dairy Farm hinge on the accuracy and efficiency of inventory management systems to handle thousands of products daily including perishable items with a limited shelf-life.

THE RISK: OVERPROMISE AND UNDERDELIVER

Dairy Farm’s customers, vendors and colleagues are frustrated by past incidences where discrepancies arose between the stock level that the e-commerce platform thinks is available for people to buy online, vs the actual amount of available stock in the warehouse that is ready for immediate dispatch.

Discrepancies are problematic, particularly stockouts. Customers increasingly won’t tolerate a broken promise for on-time delivery if a product is discovered to be unavailable, and vendors are annoyed if Dairy Farm can’t support them during peak-demand periods and promotional campaigns. On the other hand, overstocks – where more stock lies in the warehouse than what the e-commerce platform knows to allow customers to order – can lead to food waste and lost margins.

DATA-DRIVEN SOLUTIONS TO IMPROVE THE SUPPLY CHAIN

Dairy Farm wants to find ways to leverage the power of big data and analytics to improve its inventory management system through better oversight on stock levels, fewer stockouts, reduced waste and improved asset utilisation.

If you are motivated to help an industry giant discover new and better, data-driven ways to deliver improved online experiences for customers, get a team together to compete in The E-Commerce Future Proofed Challenge. 

HANDY HINT

You will need to go back to basics to address demand and supply variables at the heart of the supply chain and help Dairy Farm to create the digital supply chain of the future.

DATA AVAILABILITY:

The data set would only be provided to selected teams on the first day of the hackathon. Applicants can study the optional reading selected by Dairy Farm in the following section to get inspiration of how technology and innovation are being implemented by other organisations and develop your own strategy.

ADDITIONAL RESOURCES

DATA

RELEASED ONLY DURING THE HACKATHON

18 months of sensor data captured in the Air Handling Unit

The data set provides sensor information about the AHU such as chilled water flow rate, chilled water return and supply temperature, return air temperature, supply air temperature and more to be explored by you.