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A Bridge To The Future

May 2023

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Construction Week

Technology is coming in handy for the construction industry. And how

-  MOLLY R

A Bridge To The Future

The common belief that the construction industry has lagged behind in embracing advanced technology in its day-to-day operations is proven wrong post-covid-19. The truth is, compared to other industries, construction sector evolved from the pandemic crisis much sooner and in a better shape against the odds. Wondering where this drive came from? The adoption of technology and innovation for sustainable growth made this possible.

lesh Dixit, founder & CEO, Powerplay, says, "Developers in the construction industry have undergone a significant mindset shift in recent years, embracing technology and digital solutions more readily than before. The pandemic acted as a catalyst for developers to become more techsavvy and remain competitive in the market. Traditionally, the construction industry has been slower to adopt new technologies, relying on more conventional methods for design, project management, construction, and customer experience.”

Developers recognise the benefits that technology can bring to the construction industry, with software being increasingly used to streamline project management. This approach varies depending on the specific needs and requirements of projects, but it is a trend that is gaining momentum.

Vishal Raheja, MD, InvestoXpert.com, says, “The proptech revolution has transformed the real estate sector, making it more transparent, efficient, and accessible. Proptech solutions encompass a wide range of technological innovations that leverage AI, ML, blockchain, virtual reality (VR), and augmented reality (AR), among others. These technologies have enabled real estate companies to streamline their operations, automate processes, and offer a seamless customer experience.”

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