Primary Country (Mandatory)

United States

Other Country (Optional)

Set News Language for United States

Primary Language (Mandatory)
English
Other Language[s] (Optional)
No other language available

Set News Language for World

Primary Language (Mandatory)
English
Other Language(s) (Optional)

Set News Source for United States

Primary Source (Mandatory)
CNN
Other Source[s] (Optional)

Set News Source for World

Primary Source (Mandatory)
AajTak
Other Source(s) (Optional)
  • Countries
    • India
    • United States
    • Qatar
    • Germany
    • China
    • Canada
    • World
  • Categories
    • National
    • International
    • Business
    • Entertainment
    • Sports
    • Special
    • All Categories
  • Available Languages for United States
    • English
  • All Languages
    • English
    • Hindi
    • Arabic
    • German
    • Chinese
    • French
  • Sources
    • India
      • AajTak
      • NDTV India
      • The Hindu
      • India Today
      • Zee News
      • NDTV
      • BBC
      • The Wire
      • News18
      • News 24
      • The Quint
      • ABP News
      • Zee News
      • News 24
    • United States
      • CNN
      • Fox News
      • Al Jazeera
      • CBSN
      • NY Post
      • Voice of America
      • The New York Times
      • HuffPost
      • ABC News
      • Newsy
    • Qatar
      • Al Jazeera
      • Al Arab
      • The Peninsula
      • Gulf Times
      • Al Sharq
      • Qatar Tribune
      • Al Raya
      • Lusail
    • Germany
      • DW
      • ZDF
      • ProSieben
      • RTL
      • n-tv
      • Die Welt
      • Süddeutsche Zeitung
      • Frankfurter Rundschau
    • China
      • China Daily
      • BBC
      • The New York Times
      • Voice of America
      • Beijing Daily
      • The Epoch Times
      • Ta Kung Pao
      • Xinmin Evening News
    • Canada
      • CBC
      • Radio-Canada
      • CTV
      • TVA Nouvelles
      • Le Journal de Montréal
      • Global News
      • BNN Bloomberg
      • Métro
Versace Women Sunglasses Metal Buy Now
Hisense 40-Inch Google Smart TV Buy Now
Maison Margiela Rent The Runway Pre-Loved Purple Tie Sweater Buy Now
COOFANDY Men's Plaid Denim Shirt Buy Now
Levi's Slim Fit Gold Jeans Buy Now
AERLANG Foldable 10-in-1 Push Up Board Buy Now
Polarized Sports Sunglasses 3-Pack Buy Now
Women's Short Sleeve Basic Slim Fit Tops Buy Now
Sefwon Phantom Black Unlocked Android Smartphone Buy Now
Summer Vacation Resort Maxi Dresses Buy Now
Della Premium Shower Steamers Aromatherapy Buy Now
Multiport USB Charger for Multiple Devices Buy Now
LANEIGE Lip Glowy Balm Buy Now
Augusta Women's Wayfarer Shorts Buy Now
Rectangular Polarized Sports Sunglasses Buy Now
Women's Stretch High Waist Ruched Bodycon Buy Now
Google Pixel 6a Android Phone Buy Now
Cleaning Gel for Car, Tools, Laptop and Keyboard Cleaner Buy Now
Smart Piano with Rainbow Lights Buy Now
Women's Active Mini Dress Buy Now
MoreBack to News Headlines
‘AI, 3D printing, robotics likely to help construction industry face challenges effectively’

‘AI, 3D printing, robotics likely to help construction industry face challenges effectively’

The Hindu
Tuesday, October 24, 2023 2:26 PM GMT

The emergence of new technologies such as Artificial Intelligence (AI), 3D Printing, and Robotics, would transform the construction industry, one of the oldest and largest industries in the world and help it address its multiple challenges effectively according to a White Paper on Artificial Intelligence: The Future of Smart Construction.

The emergence of new technologies such as Artificial Intelligence (AI), 3D Printing, and Robotics, would transform the construction industry, one of the oldest and largest industries in the world and help it address its multiple challenges effectively, according to a White Paper on ‘Artificial Intelligence: The Future of Smart Construction’.

As per this White Paper, released at the World of Concrete India 2023 exhibition in Mumbai, the construction industry contributing 13% to the global GDP, is poised for significant growth in the coming years, with an estimated CAGR of 11% from $8.2 trillion to $17 trillion by 2029. But it has to address many challenges.

This growth is driven by certain factors such as government initiatives, lower interest rates in a few developed economies, demand for renewable energy, public private partnerships, new age technology and higher disposable income.

Pradeep Mukherji, Managing Partner, Tauran Advisors, the Thailand-based firm which has prepared the White Paper said, “In the rapidly evolving landscape of the construction industry, the adoption of digital technologies, including Artificial Intelligence (AI), Machine Learning, and Robotics & Automation, is heralding a new era of transformation.”

“AI is poised to play a pivotal role in reshaping the sector by addressing a range of challenges and delivering significant advantages. To meet industry needs, AI has the potential to accelerate growth and add value at all project stages, from design and financing to construction, operations, and business model changes,” he said.

“AI is estimated to boost industry productivity by increasing it from 1% to 1.5% annually,” Dr. Mukherji emphasised.

Speaking at the World of Concrete India 2023, Gaurav Karnik, Real Estate National Leader, and Tax Partnership at EY India said, “The construction sector, contributing 9% to GDP and employing almost 50 million, is instrumental in India’s remarkable growth. Government support for capital projects has fuelled this growth over the last five years. Key initiatives include smart cities, data centres, and reducing logistics costs to 8% of GDP by 2030.”

Read full story on The Hindu
Share this story on:-
Run 3 Space | Play Space Running GamePlay Run 3, the ultimate space tunnel running game with 300+ challenging levels!Adv.
Traffic Jam 3D | Online Racing GameTraffic Jam 3D is a game where you’ll be driving through heavy traffic.Adv.
Duck Hunt | Play Old Classic GamePlay the classic 1984 light gun shooter game Duck Hunt on your browser.Adv.
More Related News
Markets decline in early trade dragged by foreign fund outflows, selling in Axis Bank

Banking stocks cautious after Axis Bank's disappointing financial results, Sensex and Nifty drop, FIIs sell equities, global markets mixed.

Reliance Retail acquires Kelvinator

Reliance Retail Ventures acquires iconic Kelvinator brand to democratize aspirational living in India's premium home appliances market.

U.S. House sends bill regulating stablecoins to Trump

The stablecoin bill, passed on a 308-122 vote, sets initial guardrails and consumer protections for the cryptocurrency.

Amazon's AWS cloud computing unit cuts at least hundreds of jobs, sources say

Amazon cut at least hundreds of jobs in its Amazon Web Services cloud computing unit on Thursday, two sources said.

Rupee rises 6 paise to 86.06 against U.S. dollar in early trade

Rupee strengthens against US dollar on weaker greenback and lower crude oil prices, despite foreign fund outflows.

Meta hires two Apple AI researchers for Superintelligence push: Report

Meta has hired Apple AI researchers Mark Lee and Tom Gunter for its Superintelligence Labs team, Bloomberg News reported.

OpenAI’s advisory board calls for continued and strengthened nonprofit oversight

OpenAI has said it will turn its for-profit company into a public benefit corporation.

How is China leading the green energy sector?

China leads global green energy race with strategic planning, massive investments, and control over supply chain and technology.

Kenvue ties up with API to launch ‘Cough Clinics’ to train Drs 

Kenvue launches Cough Clinics with API to train doctors for effective cough diagnosis and treatment in India.

Visakhapatnam, Ranchi, Vijayawada, Nashik and Raipur emerge as career hubs in LinkedIn study

A list put out by LinkedIn highlights tier-2 and tier-3 growth pockets for professionals looking to relocate, tap into new industries or grow their careers locally

DLF forays into Mumbai with premium housing project 

DLF Ltd. enters Mumbai with premium residential project The Westpark in Andheri West, targeting businessmen, professionals, and film industry.

Zoho develops AI-powered large language model with speech recognition

Zoho unveils AI platforms including Zia LLM, Zia Agent Studio, and MCP server, emphasizing privacy and efficiency.

Axis Bank Q1 net profit slips 4% to ₹5,806 crore on higher provisions

Axis Bank's Q1 FY26 financial report shows a 4% decline in net profit, growth in NII, and impact on asset quality.

Parking Slot | Free Parking GamePlay Parking Slot, the best online 3D car driving and parking game.Adv.
Slope Ball Run - Play OnlineSlope Game takes you on an exciting journey of a ball on special paths.Adv.
With surging demand, India emerges as Malaysia's largest importer of germinating oil palm seeds

India leads in importing Malaysian oil palm seeds to boost domestic palm oil production, reducing import dependency.

Markets bounce back after falling in early trade driven by buying in ICICI Bank, HDFC Bank

Equity markets open lower but rebound as blue-chip stocks ICICI Bank and HDFC Bank drive recovery.

India’s electronics exports jump 47% in Q1; U.S., UAE, China top destinations

India's electronic exports see significant growth, with the U.S., Netherlands, and Germany as key destinations.

Appellate Tribunal upholds ED’s attachment of Chanda Kochhar’s assets

Appellate Tribunal finds prima facie case of money laundering against Chanda Kochhar, partially confirms asset attachment order.

Pumpset makers seek cut in GST on agri-pumps

Manufacturers demand GST reduction on agricultural pumpsets to 12% from 18% for cost advantage and market revival.

One-time gain propels RIL’s Q1 net to ₹30,783 cr., up 76.5%

Reliance Industries Ltd (RIL) reports strong Q1 results with 76.5% net profit growth, driven by Jio, retail, and O2C businesses.

SEBI may impose additional margin requirements in times of high volatility in electricity futures

SEBI to impose higher margins for electricity futures during volatility, aimed at reducing speculative activity in new market.

India needs to be careful, clever while negotiating trade pact with US: Raghuram Rajan

Former RBI Governor Raghuram Rajan advises India to negotiate US trade agreements carefully, especially in agriculture, amid global uncertainties.

Income Tax Department enables online utility for ITR-2 filing

File ITR-2 online for taxable capital gains income in FY 2024-25 with pre-filled data, deadline extended to September 15.

Rupee gives up gains, settles 4 paise lower at 86.16 against U.S. dollar

Rupee weakens against dollar due to fund outflows, oil prices, and equity market decline, but greenback weakness limits depreciation.

EU imposes sanctions on Rosneft's India refinery, lowers oil price cap

EU sanctions on Russia include new banking restrictions and lower oil price cap, impacting Russian crude oil exports to India.

A year after cyberattack, WazirX investors are waiting for legal woes to end 

A year ago, the WazirX cryptocurrency exchange was hacked; users are still waiting to access their locked up crypto.

© 2008 - 2025 Webjosh  |  News Archive  |  Privacy Policy  |  Contact Us