Industry 4.0 initiatives are among critical components of the overall digital transformation journey for organisations, particularly in the manufacturing space. However, construction and engineering are two other sectors possessing a vast potential for technology adoption. A US$ 20 billion company, L&T is one of the largest conglomerates in India, with business in more than 100 countries. About 7080 percent of its revenue is driven from the core industries of construction, engineering and manufacturing.
Sharing an overview of this sector, Sudip Mazumder, Deputy Head – Digital, L&T, says, “According to industry reports, engineering and construction is positioned low in terms of revenue for the last two decades. Technological investments in this sector has been so less, that whatever initiatives we take today seem big.”
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