India’s construction industry is an important pillar of a rapidly growing economy. There has been a swift change in the industry, with countries implementing digital tools to stay ahead in the race, and so is India. Its construction industry is set for massive growth, projected to record a 17% increase in revenues in the coming year. Digital transformation is revolutionising the construction industry by unlocking new possibilities for the future.From virtual reality and Building Information Modeling (BIM) to robotics, drones, and IoT integration, the industry is undergoing a digital transformation. These are some of the technologies that will be used by Indian construction firms to drive efficiency, streamline operations, visualise designs with precision, make data-driven decisions, and optimise the overall building process and cost. The level of technology adoption by businesses in the country stands at around 28% of their expenditures. This is higher compared to other advanced markets, such as Japan and Singapore. A key driver behind this is the realisation that digital tools can considerably reduce project schedules and improve coordination among stakeholders and resource use optimization to realise better quality and safety. Challenges to Digital Transformation While the prospects look promising, this path toward full digital […]
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