+
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
Real Estate

DLF Returns to Mumbai with Premium Andheri Residential Project

Delhi-NCR based real estate major DLF announced its return to the Mumbai market on 17 July with the launch of its premium residential project, The WestPark, in Andheri. The first phase includes 416 apartments spread across four towers, with two towers launched on the announcement day. The company plans to invest over Rs 8 billion in the project and expects a topline exceeding Rs 20 billion from Phase 1.“We have launched two towers and, given the strong response, plan to unveil the remaining two towers ahead of schedule, within the next few days,” said Aakash Ohri, Joint Managing Director o..

Next Story
Infrastructure Urban

APCRDA Advances Net Zero Goal with IGBC Training for Officials

In a significant stride towards Andhra Pradesh’s Net Zero target by 2040 and the Swarna Andhra 2047 vision, the Andhra Pradesh Capital Region Development Authority (APCRDA), in partnership with the Indian Green Building Council (IGBC), conducted a high-level capacity-building programme for senior officials in Vijayawada on Friday.Held at a city hotel, the session saw the participation of over 50 senior APCRDA officials, including the Engineer-in-Chief, Chief Engineer (H&B), Director (Planning), Director (Environment), and heads of key departments. The training centred on IGBC’s Green B..

Next Story
Infrastructure Energy

Assam Solar Project Halted as Waaree EPC Contract Is Cancelled

Following the Assam government’s withdrawal from its proposed solar project, the Engineering, Procurement, and Construction (EPC) contract awarded to Waaree Renewable has been suspended. Waaree Group’s EPC division informed the stock exchange of this development through a regulatory filing.The Assam solar project was suspended due to funding challenges, which rendered the initiative unviable for the state government. Waaree Renewable Transmission Limited (RTL) explained that the Government of Assam has withdrawn the project’s funding via the Asian Development Bank (ADB) loan. Consequentl..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?