BLOCKCHAIN AND AI FOR

BUSINESS

TERM PROJECT REPORT

TEAM MEMBERS:

RIYA PARGAL
NIHARIKA DEWAN
PEEHU MANGLIK
PRERIT VERMA
 INDEX
1 Chosen Technology and Business Model of the Company
2 Glimpse of Livspace Platform
3 Implementation Process for Improved Communication in
Interior Design
4 Implications for Managers in Interior Design Firms
5 The Need for Interior Designing
6 Process of Interior Designing
7 The Need for AI in Interior Designing
8 Current Market Trend
9 Implementation of AI in Interior Designing
10 Social Issues
11 Ethical Issues
12 Risk Reduction Technique
13 References
 LIVSPACE
Chosen technology and business model of the company

Livspace is an interior design company which has its operations in 3 countries- India,
Singapore, and Saudi Arabia. Livspace strives to connect top designers from across different
regions to clients looking for complete end-to-end solutions for all their design and
renovations needs. The company is reputed as one of India’s most reputed brands in the
Interior Design and Renovation segment. They operate in over 50 cities across India and are
equipped with the top designers from across the land. Their innovative solutions, dependable
services, brand partners, and perfect reviews set them apart from the other players in this
segment.

However, most of all, it is their unique business model that gives them an added competitive
edge. Livspace is one of the first interior design companies in India to leverage AI technology
to enhance its services. Their business model focuses on providing customized design
solutions to their clients via an online platform. Their unique services include AI based
design tools such as virtual room planners and augmented reality features so as to enable
clients to visualize and customize their projects with ease. Their AI algorithms also help them
in analysing the client’s preferences and offer suitable recommendations.

Livspace has proven to be an all-rounder in terms of a platform for any interior and
renovation project. They cater to all potential designing needs- from procurement to the
execution of the project. Another aspect of Livspace is their experience centres. These
experience centres, strategically located in major cities to draw clientele, serve as physical
touchpoints for their otherwise primarily online services. Here, the clients can take part in the
immersive experience and have one-to-one interactions with the designers for personalized
consultations.

Livspace's AI technology is primarily based on machine learning. This helps them to

personalize the design recommendations and further optimize the design process. In addition,
it also draws upon the realms of augmented reality (AR) and virtual reality (VR) to enhance
client experience. The AI technology employed by Livspace performs several functions. It
facilitates personalized recommendations based on customer preferences, past interactions,
and design trends. Through machine learning algorithms, it analyses vast amounts of data to
understand individual tastes and preferences and provide suitable design suggestions.

Moreover, it integrates AI-powered visualization tools so as to enable customers to digitally

explore and customize their living spaces. These tools leverage augmented reality (AR) and
virtual reality (VR) technologies, allowing users to virtually place furniture, experiment with
different layouts, and visualize design changes in real time . This immersive experience
enhances customer engagement and confidence in their design choices.

In addition, by automating processes like material selection, cost estimation, and space
planning, the AI algorithms help to enhance the design process in its entirety. Livspace uses
automation and data-driven insights to improve operational efficiency and provide clients
with affordable interior design solutions. Therefore, by leveraging AI technology in their
services, Livspace has managed to redefine the traditional approach to design and
renovations.
A glimpse of the Livspace platform:
Implementation Process for Improved Communication in
Interior Design

Communication is critical in the interior design industry; without it, the firm will be unable to
communicate effectively with its clients, resulting in miscommunications that hurt both the
business and the client.
With appropriate communication, the client can get a picture of how their designs are
developing and what future modifications should be made; this also benefits the firm because
the customer will have access to how the company operates.

Though one may be good at communicating, there is always room for development. Through
the implementation process, we get to know approaches for improving communication in
interior design.

Client Need Assessment

● Extensive interviews and surveys with clients to better understand their preferences,
lifestyle, practical needs, etc.
● This helps in forming a framework for effective communication by ensuring that there
is a proper understanding between the designer and the client.

Clear Communication Channels

● Use and set up clear communication channels between the designer, client, and other
stakeholders involved so that there is no misunderstanding.
● For eg:- regular meetings, email, phone calls, project management software, etc.

Visual Tools

● Utilizing visual tools such as mood boards, sketches, 3D rendering, and virtual reality
presentations helps in properly communicating the design concepts to the clients
● These tools help the client understand their designs in much more depth and also help
in future decision-making of the design.

Progress Report

● Regular updates and progress reports are crucial for keeping clients informed during
the design process, which can take months to complete.
Documenting

● Document designs by hand to prevent misunderstandings and disagreements.

● Some options include contracts, design briefs, and changing order to formalize
agreements.

Feedback

● Create feedback forms or post-project review meetings to get input from clients on
their overall experience of the design process, the communication, and their final
thoughts on the design
● Identify areas for improvement to increase customer experience and understanding

Implications for Managers in Interior Design Firms

Skill Development and Training

● Managers should analyze their design team's present skills in 3D rendering and VR
software.
● Investing in training programs, whether internal or external, is vital for designers to
effectively use modern technologies.
● Clients may benefit from training in basic VR navigation and interpretation.

Software Selection and Budget Allocation

● Based on the team's experience, the project's complexity, and the available funds,
managers play a crucial role in determining which design software is best suited.
● Part of the Budget is set aside for software licenses, training programs, and potentially
additional hardware required for VR experiences

Workflow Integration and Project Management:

● They have the responsibility to come up with ways to incorporate 3D rendering and
VR experiences into the existing design workflow.
● This might involve modifying existing project management protocols and
communication strategies.
● One way to tackle this is by utilizing project management platforms that can use 3D
models which also provide feedback.
Client Communication and Expectations:

● Managers have the responsibility of making sure that clients are informed clearly
about the possibilities and constraints of VR and 3D renderings.
● They also have to set realistic expectations about the level of detail and possible
future updates involved with these particular technologies.
● They have to develop plans to handle possible client worries

Performance Evaluation and ROI:

● Managers have to create measures to evaluate the return on investment (ROI) related
to implementing these technologies
● This also involves measuring increased client satisfaction, improved project
efficiency, or less work due to better client visualization by these technologies
● Based on the feedback forms and project outcomes managers have to evaluate the
success of the implemented technology and the communication methods regularly.
The Need for Interior Designing
One significant component of our lives is interior design. One can express who they are and
their personality through the way they decorate their home. It is essential as it helps in
improving the standard and usability of our living and working environments. The
fundamental component of interior design is functionality, which guarantees that areas are not
only aesthetically pleasing but also useful and efficient. Utilizing deliberate spatial
arrangement and ergonomic deliberation, designers optimize the configuration to effortlessly
integrate diverse tasks. Alongside Interior design may be extremely important in making a
company's brand identity come to life. Every company must establish its uniqueness and
unify its goals, values, and competencies as a brand to succeed in the modern, fiercely
competitive market.

Process of Interior Designing

A suitable matriculated plan cannot be created in a single evening. Since there are many
variables that must be taken into consideration to create the ideal design for the available
area, interior design is a carefully thought-out process.
The Need for AI in Interior Designing
Interior design has become an integral part of society. Every house or business wants its
space to be well-designed and organized. The number of available interior designers is
decreasing despite the rising demand. The workload for the already limited number of interior
designers has increased as a result of this spike in demand. Designers frequently find
themselves presiding over several projects concurrently, resulting in longer workdays and
more stringent deadlines. Taking on numerous projects at once may be extremely stressful for
designers, as design tasks are time-consuming and take months of planning and preparation.

Often when someone wants to get their interiors changed, one option is to hire interior design
firms, but most of the time, these services are rather expensive. Companies frequently charge
a lot of money for these services, forcing the typical person to either pay a lot of money or
take on the process of interior design themselves. However, because they lack the necessary
skills and resources, doing it themselves won't be as organized or efficient as it would be if
they were professionals.

Current Market Trend

Trends vary with time, and interior design is no different. Even though it wasn't always seen
as an integral aspect of our lives, that has changed in the past several years. Consumers today
have distinct needs when it comes to interior design. They need:

Personalization: Customers want individualized solutions that capture their unique tastes,
aesthetics, and way of life.

Efficiency: Businesses along with customers look for efficiency in terms of time and money.

Visualization: To guarantee alignment and prevent misunderstandings, designers and clients

alike must visualize design concepts.

Sustainability: The inclusion of sustainability into interior design has gained significant
popularity due to laws and environmental concerns.

Implementation of AI in Interior Design

Even while AI has always existed, it has always been changing, and its introduction has
brought about major changes in many industries, including the interior design industry. Many
different sectors have benefited from the current AI technology. AI is advantageous to the
interior design industry since it aids in:

● In order to satisfy the demand for personalization from customers, AI tools are able to
analyze large volumes of data, including design trends and client preferences. This
allows them to provide recommendations and solutions for design.
 ● AI-powered technologies can streamline the design process and reduce labor costs by
performing repetitive processes like material selection, furniture layout, and space
planning.
● By using AI tools, you can create 3D models of the requested designs, which allows
better customer understanding and enhances communication and decision-making
between the business and the customer.
● In order to produce more environmentally friendly and sustainable design solutions,
AI technology can optimize the use of energy, materials, and space to give
eco-friendly designs.
● Through AI tools more people now have access to interior design services, which also
make it possible for those without formal design training to participate in the process
at a reasonable cost.
● By allowing interior designers to use AI tools to create designs instead of spending a
lot of time designing them, these tools also lighten the workload on them and speed
up the design process thus meeting the current market demand.
● Using AI also increases profitability for the business because it reduces the need for
hiring personnel to achieve double the targets.

In conclusion, the demand for individualized, effective, and sustainable design solutions is
the driving force for AI in interior design. Designers can services that meet the demands and
tastes of their customers while enhancing productivity, sustainability, and accessibility
throughout the design process by using AI technologies. AI in interior design offers
stakeholders the chance to maintain competitiveness and provide value-added services.
Social Issues

Impact on Local Economies

● Livspace's technology and scale may help it overshadow smaller interior designers
that can't compete in terms of price or marketing reach. In turn, this can reduce local
entrepreneurship and stifle creativity and cultural diversity by homogenizing design
offerings.
● The interior design industry may have similar trends as large retail chains are
impacting small local stores.
● Mitigation: Promote partnerships with local businesses and freelancers, ensuring
economic benefits are shared.

Labor Practices
● The concern is around the working conditions of both the creative professionals
(designers) and the manufacturing workers who produce the furnishings and decor.
Issues might include unfair wages, long working hours, and inadequate benefits,
particularly in regions with less stringent labour laws.
● Example: Similar issues have been seen in fashion industry supply chains, where
third-party labour often suffers under poor working conditions to meet demand from
global brands.
● Mitigation: Implement stringent audits for suppliers and create a fair workload policy
for designers.

Community Engagement
● Detail: As a part of corporate social responsibility, companies like Livspace have the
potential to impact the communities where they operate positively. However, failure
to engage can lead to perceptions of being out of touch with local issues, particularly
in areas affected by their business operations.
● Example: A positive engagement could involve Livspace sponsoring local design
education programs or workshops that enhance community skills and employment
opportunities.
● Mitigation: Develop community projects that involve improving public spaces or
offering design training programs to underprivileged youth.

Ethical Issues
Protection of Data Privacy and Security

● Explanation: In today's digital age, Livspace gathers sensitive data from its clientele,
necessitating ethical handling procedures encompassing its acquisition, storage, and
 utilisation. This is paramount for upholding client confidence and complying with
legal obligations.
● Illustration: Instances akin to the breaches witnessed by corporations such as Target
and Equifax underscore the perils associated with inadequately safeguarding
consumer data.
● Prevention: Implement cutting-edge cybersecurity protocols and maintain openness
with clients regarding the utilisation of their data.

Transparency in Pricing and Sourcing

● Detail: Clients demand clear, upfront details regarding the origins of materials and the
pricing structure for their projects. Ethical concerns arise when companies withhold
information about costs or material sources, especially if they are environmentally
harmful or obtained through unethical labour practices. This mirrors the fashion
industry's scrutiny for undisclosed material sourcing linked to labor exploitation or
environmental harm.
● Mitigation: Offer thorough breakdowns of costs and material origins for each project.

Environmental Impact

● Detail: Interior design involves materials and products that can harm the environment
from extraction to disposal. Ethical considerations include material choices and the
overall carbon footprint of company operations. Embracing sustainable materials
aligns with the construction industry's adoption of green technologies and practices.
● Mitigation: Advocate for sustainable, eco-friendly materials and promote recycling
efforts.

Risk Reduction Techniques

Development of a Thorough Ethical Code: Formulating a strong ethical code is crucial for
handling potential conflicts of interest, fostering equity in recruitment and career progression,
and setting clear guidelines for ethical behavior.

Periodic Reviews and Assessments: Conducting frequent evaluations of both internal

processes and external collaborations guarantees compliance with ethical norms.

Proactive Involvement of Stakeholders: Consistently involving stakeholders, including

customers, staff, and local residents, allows for gathering input and making necessary

adaptations to operations.
 References
● (Livspace Home Interiors - About Us, n.d.)
Livspace Home Interiors - About us. (n.d.). https://www.livspace.com/in/about-us

● Innovation, Technology & Culture @ Livspace. (n.d.). https://www.livspace.io/

(Innovation, Technology & Culture @ Livspace, n.d.)

● Livspace Reviews: Why Choose Livspace for Home Interiors? (2021, October 19).
The Hindu.
https://www.thehindu.com/brandhub/livspace-reviews-why-choose-livspace-for-home
-interiors/article36997807.ece

● Jalli, A. (2024, April 12). Best AI Interior Design Software of 2024 | Medium. Medium.
https://medium.com/@artturi-jalli/ai-interior-design-software-03b0657733b5

● K. (2024, February 16). AI's Role in Concept-to-Reality Process | Design

Transformation. Karpagam Architecture.
https://karpagamarch.in/concept-to-reality-using-ai-to-enhance-the-interior-design-pro
cess/

● K. (2023, September 29). The Impact of Artificial Intelligence on Interior Designing.

https://www.linkedin.com/pulse/impact-artificial-intelligence-interior-designing-the-kari
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