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JLL’s Innovation and Product Development platform receives Professional Excellence Award
CHICAGO, May 16, 2016 – JLL (NYSE: JLL) is in contention for CoreNet’s prestigious 2016 Global Innovator’s Award for its Innovation and Product Development (IPD) platform, an exclusive corporate real estate collaboration and crowdsourcing program and recent winner of the 2016 CoreNet Global Professional Excellence Award.
JLL’s IPD platform brings together proprietary technology, a dedicated leadership team and the collective brainpower of all 60,000 employees to drive sustained and disruptive innovations that help JLL better serve its clients through productivity gains, cost savings initiatives and service delivery enhancements.
The IPD platform sources solutions to specific business challenges through events like innovation workshops, idea campaigns or other special programs, such as JLL’s Da Vinci competition. Each year, JLL leadership from around the globe selects the most impactful ideas from hundreds of employee submissions and recognizes the most innovative solutions as Da Vinci Platinum winners.
“Ideas are everywhere, but they can be challenging to corral, validate and bring to fruition,” said Doug Sharp, President, Corporate Solutions, JLL. “Our IPD platform offers a flexible and customizable approach that fosters innovation by encouraging fresh thinking that brings ideas to life. This recognition validates our approach and motivates us to continue to uncover new ways to deliver value to our clients.”
Since 2013, ideas developed through the JLL IPD platform have delivered more than $150 million in cost savings across JLL’s client base with an estimated 20 percent productivity improvement. More than 35 new solutions and 1,500 best practices that address clients’ needs to control costs, optimize their portfolios, mitigate risks and promote sustainability have been developed and implemented through this program.
These solutions include 2015 Global Innovator’s Award finalist, Aix, which is a business intelligence tool that measures and improves the financial and operational performance of facilities and the facilities management function, and the Smart Building program, a comprehensive offering that brings together the Internet of Things (IoT) strategies and advanced technologies to deliver maximum value through data sharing and integration.
This award is the latest of JLL’s innovation and technology initiatives to earn recognition. Recently, the company was named to the 2016 InformationWeek Elite 100, marking the fifth consecutive year that the company was named to the list of top business technology innovators in the United States.
The CoreNet Professional Excellence Award celebrates innovation in management and work processes, specifically as it produces world-class, superior performance and delivers a desired, measurable and sustained result. Receiving this recognition also places JLL in the competition for the prestigious 2016 CoreNet H. Bruce Russell Global Innovator’s Award, to be announced in October at the 2016 CoreNet Global Summit.
About CoreNet GlobalCoreNet Global is the world’s leading professional association for corporate real estate (CRE) executives with strategic responsibility for the real property used by multinational corporations for their own operations. CoreNet Global’s almost 10,000 members, who include 70 percent of the top 100 U.S. companies and nearly half of the Global 2000, meet locally, globally and virtually to develop networks, share knowledge, learn and thrive professionally. For more information, please visit www.corenetglobal.org.
About JLLJLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $5.2 billion and gross revenue of $6.0 billion, JLL has more than 280 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $58.3 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.
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