Autodesk and Deloitte released a report showing that Indian construction companies are leading in adopting digital technologies to improve project delivery and processes. This move helps tackle challenges like rising material costs, competition, and labor expenses.
The report surveyed 933 construction firms across Singapore, Australia, Japan, India, Malaysia, and Hong Kong. It found that Indian companies are using technologies like Data Analytics, Construction Wearables, Prefabrication and Modular Construction, cloud software, and mobile applications to manage projects better.
Indian firms are investing heavily in new technologies, with 28% of their business spending going towards tech integration. They are planning to use Robotics, Augmented & Virtual Reality, and AI & ML to improve efficiency and reduce costs.
Sumit Oberoi from Autodesk said that India’s strong economy makes it the right time for businesses to adopt new technologies, leading the Asia Pacific market in tech investments. He emphasized the need for businesses to start small, choose a digital champion, and track success measures.
The report also highlighted the benefits of AI in improving project efficiency, reducing costs, and enhancing client relationships. Indian businesses are also looking to introduce drones and 3D printing into their operations.
David Rumbens from Deloitte said that India’s construction sector, driven by demand for affordable housing and government support, is set to contribute significantly to the economy. He noted that AI adoption in construction is expected to grow rapidly across the Asia-Pacific region.
The report mentioned that successful tech integration could lead to significant profit and revenue growth for businesses. However, challenges include a lack of digital skills, technical knowledge, and high costs. Indian companies are addressing these issues by upskilling workers and hiring new talent.
Sagar Gandhi from ShapoorjiPallonji E&C suggested that Indian businesses are keen on digital technology adoption and are investing in workforce training. He stressed the importance of technology adaptability and scalability for successful integration. Autodesk’s platform helps designers, engineers, builders, and creators unlock data power to improve insights, automate processes, and achieve better outcomes for businesses and the planet.
