Technology has enabled India to grow multi-folds
Technology

Technology has enabled India to grow multi-folds

At the recently concluded Excon 2019 in Bengaluru, the 10th edition of South Asia’s leading construction equipment trade fair, a conference on “Artificial Intelligence IOT & Automation” was concluded.

At the conference, Kris Gopalakrishnan, Chair, CII AI Forum & Chairman, Axilor Ventures, said, “From $180 billion economy in 1980s to over $2.8 billion economy in 2019, technology has enabled India to grow multi-folds. India has one of the largest IT talent base with over 45 lakh technology professionals that can ensure the development of all the sectors. With the right approach and great platforms like Excon 2019, we have the opportunity and potential to lead the world in technology.”

The session focused on the paradigm shift from machine training through programming to achieve automated solutions with AI and IoT under the Industry 4.0 wave. The Industry 4.0 revolution has witnessed a convergence of digital computing, telecommunication revolution and increased use of sensors. These technologies have enabled the industry with easing and simplifying the processes leading to improved productivity and quality.

Pratik Kumar, Chairman, Task Force on AI, IoT& Robotics & Chief Executive Officer, Wipro Infrastructure Engineering, said, “The 10th edition of EXCON with the theme, Smart I-tech – Next Gen India@75 has thrown light on the role of technology as a change-agent in the construction & equipment industry and factors responsible to accelerate the industry’s pace. The advent of technology has touched our lives in multiple ways. And, it is no surprise that even in this sector the products and services are creating new experiences for all of us.”

With technology growing and innovating year-on-year, most industries have been affected by some sort of industry disruption. Companies that have chosen to shake things up and try new things have proven to be a major success, but what about the construction industry? In the past decade, the construction industry has seen many changes, from the construction materials used, type of builders, to methods used to design and build new facilities – all because of advancements in technology. Technologies such as AI, IoT and automation are making a great impact due to its future possibilities in the whole construction process.

With digital computers bringing automation in tasks and processes, the construction and construction equipment industry has seen a significant improvement in terms of project turn-around time for completion, quality of products, safety of the labor and cost effectiveness of the projects. These technologies are backed by data and have further helped the AI and ML to provide more precise and enhanced solutions. These solutions will empower India to grow multi-folds in the next 15 years.

At the recently concluded Excon 2019 in Bengaluru, the 10th edition of South Asia’s leading construction equipment trade fair, a conference on “Artificial Intelligence IOT & Automation” was concluded. At the conference, Kris Gopalakrishnan, Chair, CII AI Forum & Chairman, Axilor Ventures, said, “From $180 billion economy in 1980s to over $2.8 billion economy in 2019, technology has enabled India to grow multi-folds. India has one of the largest IT talent base with over 45 lakh technology professionals that can ensure the development of all the sectors. With the right approach and great platforms like Excon 2019, we have the opportunity and potential to lead the world in technology.” The session focused on the paradigm shift from machine training through programming to achieve automated solutions with AI and IoT under the Industry 4.0 wave. The Industry 4.0 revolution has witnessed a convergence of digital computing, telecommunication revolution and increased use of sensors. These technologies have enabled the industry with easing and simplifying the processes leading to improved productivity and quality. Pratik Kumar, Chairman, Task Force on AI, IoT& Robotics & Chief Executive Officer, Wipro Infrastructure Engineering, said, “The 10th edition of EXCON with the theme, Smart I-tech – Next Gen India@75 has thrown light on the role of technology as a change-agent in the construction & equipment industry and factors responsible to accelerate the industry’s pace. The advent of technology has touched our lives in multiple ways. And, it is no surprise that even in this sector the products and services are creating new experiences for all of us.” With technology growing and innovating year-on-year, most industries have been affected by some sort of industry disruption. Companies that have chosen to shake things up and try new things have proven to be a major success, but what about the construction industry? In the past decade, the construction industry has seen many changes, from the construction materials used, type of builders, to methods used to design and build new facilities – all because of advancements in technology. Technologies such as AI, IoT and automation are making a great impact due to its future possibilities in the whole construction process. With digital computers bringing automation in tasks and processes, the construction and construction equipment industry has seen a significant improvement in terms of project turn-around time for completion, quality of products, safety of the labor and cost effectiveness of the projects. These technologies are backed by data and have further helped the AI and ML to provide more precise and enhanced solutions. These solutions will empower India to grow multi-folds in the next 15 years.

Next Story
Infrastructure Urban

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Next Story
Infrastructure Energy

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Next Story
Real Estate

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement