Redefining Business Spaces

13 October 2016

Redefining Business Spaces

  • Business Standard

Technology integration is the next big thing for co-working firms  

While informal office sharing has always existed, the emergence of co-working spaces has become the mainstay for start-ups, entrepreneurs, consultants and freelancers seeking flexible, budget-friendly and professional work solutions. The onset of co-working businesses globally was a step towards breaking longstanding barriers in commercial real estate replacing lengthy leases and security deposits by enabling just in-time use of space. Coworking players then took this to a new level by offering attractive value added services, attractive membership schemes, preferential access to member services, partnerships with other start-ups and mentoring facilities, among others. Now technology integration is emerging as the next big thing for co-working firms looking at creating a niche.

First, the creation and designing of co-working spaces itself has enormous technology integration potential with designers visualising them in 3-D formats from the very start. This helps them to create integrated systems with Building Information Modeling (BIM) that allows making visuals, construction documents and cost estimates in days rather than months. With new-age BIM systems the whole process enables creation of flexible spaces quickly and built in a pop-up format for just-in-time use.

App-based co-working services are still to catch up in India. They can enable users to browse, book and consume the space in an “Uber”-like format and efficiently manage it. Technology integration is also possible through mobile/web-based platforms that provide guided discovery to identify and opt for locations, services, timings and amenities allowing members to choose workspaces that best suit their needs. Through smartphone this cutting-edge technology can allow them an immersive virtual tour of the space, while picking the best seat/section. New-age technology is also making it possible to move around furniture and redo the spaces before occupying them.

Secondly, a mobile app-based community feature provides the opportunity for users to engage with other individuals or companies. As the providers and consumers of these services are located in a collective ecosystem it provides a trusted closed loop network of coworkers that can benefit from allowing members to interact, share knowledge, collaborate and engage incremental results.

Co-working space firms also allow users to analyse building access patterns, internet and printing usage, furniture usage, collaboration zone interactions and items bought through access cards, CCTV and point of sale. Access to big data can allow corporate and start-up owners to map and analyse user trends that can be beneficial in working towards solutions that enhance productivity. Co-working centres can also leverage technology by operationalising the centres to optimise expenses, manage quality and grow revenues.

Finally, the co-working movement has the opportunity to research and suggest improvements to “ways of working”, making users highly productive and delivering higher returns for all stakeholders. With technology, the communities (freelancers, entrepreneurs, solopreneurs, small and medium enterprises and start-ups) that form the core target audience for co-working businesses can facilitate crowdsourcing of ideas and deliver results that could change the idea of organisations, employees and the way work gets done.

The co-working movement is the start of a revolution which, if integrated with innovative technology, will result in redefinition of office space consumption. India is witnessing a revolution in the start-up and entrepreneurial culture. The anytime, anywhere network of spaces is here to stay and technology-enabled co-working spaces will provide the right platform to the Indian workforce.

This Awfis coverage appeared in Business Standard on October 13, 2016 under the title ‘Redefining Business Spaces’. You can read the story at http://www.business-standard.com/article/management/redefining-business-spaces-116101200859_1.html
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Awfis reports 46 pc spike in FY20 revenue; launches solution to boost work-from-home productivity

22 February 2021

Awfis reports 46 pc spike in FY20 revenue; launches solution to boost work-from-home productivity

  • Posted by Arathy Nair

 

Coworking firm Awfis on Monday said its revenue grew by 46 percent to Rs 230 crore last fiscal on better demand for shared office space, and announced a solution that will provide physical and IT infrastructure to professionals working for home in the wake of the COVID-19 pandemic.

“Our revenue stood at Rs 230 crore last fiscal as against Rs 158 crore in 2018-19. It could have been more, but revenues were hit in March because of the coronavirus outbreak,” Awfis founder and CEO Amit Ramani told PTI.

The company has opened around 40 centres from May 4 with 33 percent occupancy permitted by the government. “Our centres in Mumbai and Pune are closed,” Ramani said.

He said the coworking segment has also been affected like any other industry, but expressed confidence that flexible workspace would gain momentum post COVID-19 with corporates and startups looking to cut capex.

People are currently working from home because of the lockdown. “Post COVID-19, we expect that around 10-12 percent of workforce will be working from home. Many companies have already announced such plans,” he said.

Therefore, Ramani said the company has come out with an offering called ‘Awfis@Home’, where it will help provide physical and IT infrastructure for work from home at Rs 2,500 monthly subscription fee.

“Organisations and individuals are trying their best to adjust to this new normal and the need of the hour is a solution that would help them maintain and build the productivity and efficiency of the physical workplace right in the safety and comfort of their homes,” Ramani said.

Awfis Chief Marketing Officer Sumit Lakhani said the new solution enables the flexibility of remote working coupled with the productivity of the office space.

The integrated toolkit provides the users smart and ergonomic furniture along with tech solutions like high speed broadband connection, data security, and IT solutions.

Through an app, it will also help its corporate clients in attendance management of employees.

Awfis, which currently has 35,000 desks in 70 centres across major cities, has so far raised $81 million from investors, including ChrysCapital and Sequoia India.

This story appeared in the 18 May , 2020 issue of Business Standard  was originally published at : Awfis reports 46 pc spike in FY20 revenue; launches solution to boost work-from-home productivity | Business Standard News (business-standard.com)

Create healthy work environment with creative workspace

18 February 2019

Create healthy work environment with creative workspace

  • Posted by Awfis Editorial

A healthy work environment through a blend of active urban setting as well as a stress-free ecosystem with sustainable measures can go a long way in improving employees’ productivity, say experts of workspace design.
Praveen Rawal, Managing Director of Steelcase, Southeast Asia and India, Shaishav Dharia, Regional CEO, Lodha Group and Amit Ramani, Founder and CEO of Awfis, share a list of tips:

* Creativity enhanced by technology: We’ve reached an era of peak screen time. Right now, screen time limits our impact with the physical environment, but that’s changing. Help is coming from our workplace and technology. Our spaces will become less about passively consuming what’s on our screens and more about how we interact with technology and tools.Incorporate technology to design and create an environment which will enable colleagues to work freely in-turn enhancing productivity.

* Design by data: Data has entered the work environment, adding significant value to the conversation between designers and customers. Does everyone need their own workstation or private office? Or would more private enclaves and collaboration spaces better serve the team? Sensors in the workplace can help organisations learn how often people are at their desks and what kinds of spaces will best support their people.

* The digital effect: Combining aesthetics with algorithms, multiple traditional offices and co-working spaces are infusing technology and digital tools to facilitate a conducive environment, ease in day-to-day functioning for businesses and employees as well. From smart access, smart spaces to smart meeting rooms, making use of a dedicated one app solution for a range of tasks such as QR-based visitor management, booking a conference room etc. to enabling parking allotments based on an organised number plate system through smart cameras, further aid in streamlining experiences in office spaces.

* Celebrate communities: Designers are explorers searching for inspiration in buildings being renovated into more creative workplaces. By connecting new work culture in a meaningful way to the collective identity of the location, community and brand, designers are creating authenticity in the workplace in the world. Additionally, to foster innovation and community building, office spaces are enabling collaboration through multi-use grand lobbies with activity-based settings to encourage networking, informal meeting zones etc. Such amenities also culminate in creating authenticity in the workplace and boost productivity as well.

* Biophilia 2.0: The innate desire to connect and bond with nature is experiencing a resurgence because of the balance we need from our digital world and the benefit nature’s restorative qualities provide our wellbeing. Synergising elements like embedded greens, infusing revitalising exterior elements, complying with sustainable standards and ensuring use of material and colours that offer calm and comfort, are majorly attracting the millennial workforce.

Please visit the below link to read the published article:

https://www.business-standard.com/article/news-ians/create-healthy-work-environment-with-creative-workspace-119021700335_1.html

This article was also published in the below online publications:

The New Indian Express – http://www.newindianexpress.com/lifestyle/health/2019/feb/18/here-is-how-you-can-create-healthy-work-environment-with-a-creative-workspace-1940039.html

The Morung Express – http://morungexpress.com/create-healthy-work-environment-with-creative-workspace/

Socialnews.xyz – https://www.socialnews.xyz/2019/02/17/create-healthy-work-environment-with-creative-workspace/

Newsd – https://newsd.in/create-healthy-work-environment-with-creative-workspace/

Devdiscourse – https://www.devdiscourse.com/article/entertainment/385301-healthy-work-environment-enhances-employee-productivity-experts

Outlook India – https://www.outlookindia.com/newsscroll/create-healthy-work-environment-with-creative-workspace/1480450

Awfis to triple number of co-working seats to 12,000 in Pune

06 November 2018

Awfis to triple number of co-working seats to 12,000 in Pune

  • Posted by Awfis Editorial

Co-working operator Awfis plans to expand aggressively in Pune by tripling its number of centres to 21 over the next one year driven by huge demand for shared office space in the city from startups and corporates, a top company official said.
Awfis, which was founded in April 2015, entered Pune market 18 months back and has established seven centres with a seating capacity of over 4000. Now, it has chalked out a plan to add 8,000 seats more by opening 14 new centres over next one year.

Overall, the company has 55 centres, comprising 25,000 seats, across nine cities. A seat costs anywhere between Rs 5,000 and Rs 15,000 in its centres.

It posted a revenue of Rs 57 crore last fiscal and the same is expected to reach Rs 170 crore this financial year.
“Pune has proved to be an ideal eco-system of startup entrepreneurs, SMEs and corporates, where Awfis is determined to continue its growth trajectory and provide best in class shared workspaces to facilitate businesses. We aim to open 14 new centres over the next one year, taking the total capacity to 21 centres and 12,000 seats in this city,” Awfis founder & CEO Amit Ramani told PTI.
“We have recently tied up for one centre in Pune with over 600 seating capacity,” he said, adding that the company would soon lease space for other centres.

Awfis has opened its workspaces across all key business centres in the city and is catering to clients such as Vodafone, Hinduja Group and Michelin Tyres.

The company aims to create a strong ecosystem for corporates, SMEs and startups to nurture the spirit of innovation and enterprise in the region.

Sumit Lakhani, Chief Marketing Officer, Awfis, said “Pune is undoubtedly one of the fastest growing cities in India and is seeing a lot of demand for superior workspaces by MNCs, SMEs and startups.”

Awfis currently has centres in Bengaluru, Mumbai, Delhi, Gurgaon, Noida, Hyderabad, Kolkata, Pune and Chandigarh. In wants to expand operations in Tier II markets to achieve its target to establish over 200 centres with 1,00,000 plus seats by 2020.
The company had in July raised USD 20 million (about Rs 137.57 crore) from a few investors, including Sequoia India, for expanding its operations and could raise more if required. Since inception, the company has raised USD 51 million.

To read this article visit the below links:

Times Of India:
https://timesofindia.indiatimes.com/business/india-business/awfis-to-triple-number-of-co-working-seats-to-12k-in-pune/articleshow/66511616.cms

MoneyControl:
https://www.moneycontrol.com/news/business/awfis-to-triple-number-of-co-working-seats-to-12000-in-pune-3132901.html

Business Standard
https://www.business-standard.com/article/pti-stories/awfis-to-triple-number-of-co-working-seats-to-12k-in-pune-118110500758_1.html

Outlook:
https://www.outlookindia.com/newsscroll/awfis-to-triple-number-of-coworking-seats-to-12k-in-pune/1416208