Digital revolution
Construction and infrastructure projects have been gaining speed these days with the government and agencies setting new standards for the execution of projects. Though projects are still being delayed due to various reasons, there is a considerable improvement in timely completion of projects and the scenario is improving further. <p></p><p>Embracing new technologies and using technologically advanced equipment have helped contractors speed up the pace and improve the quality of construction, leading to better productivity and economy in project execution. </p><p>Construction contractors are slowly opening up to new technologies and solutions in construction equipment. After introducing the monitoring and control technologies like telematics in construction equipment years back, the equipment players are constantly improving on the technology by adding new features to it. A variety of factors drive equipment manufacturers towards digitalisation - typical goals involving cost reduction, increasing efficiency, improving safety, meeting compliance requirements, and product innovation. IoT-based solutions have started emerging as an important player in digital space for real-time monitoring of equipment performance and maintenance schedules.</p><p> IoT backed by powerful analytics is being used to monitor equipment usage, fuel usage and maintenance. Construction equipment manufacturers are investing in intelligent machines today more than ever. In the recently concluded bauma CONEXPO INDIA 2018, many OEMs have introduced new machines with latest digital features. At the same time, many technology companies have come out with Industrial IoT (IIoT)-based solutions that can improve the overall efficiency and productivity of the equipment. This way, digitalisation only makes it easier for organisations by empowering them to transform their business objectives and focus better on newer revenue streams.</p><p>Going forward, the influence of digitalisation in construction equipment is going to improve with the emerging requirements from the user industry. Increasing awareness on these new-age technologies and demand for quality and speed in project execution are expected to drive the demand for digitalisation. </p>