“The study ofdigitalization in constructional trade of india: An Empirical study”

Abstract

Constructional trade is one of the important parts of the Indian economy. India has undergone rapid transformation in the digitalization process. There are no alternatives for digitalization in construction trades. The digitalization is more important for constructional trade of India but simultaneously we have to study there factors is also important. There are about ninety percent trade organizations of India are used the digital planning tools for the constructional trade. The main objective of this study is challenges affecting on digitalization and also there’s implementation on constructional trade. In this research study the techniques using for digitization of constructional trade like E-trading and Block chain. Also automating process involves using artificial intelligence for the digitalization Process. Many tools are using in AI including mathematics, optimization, logics and methods used in probability and economics. In this research also study the various types of factors on globalization and liberalization.Digital technologies have created new markets and new business opportunities. They will open new ways in which for companies to integrate their customer’s ́requirements and preferences into their development and production processes, facilitate them to enhance quality and avoid faults in their production processes and create transparency and flexibility across entire process chains. Digitalization is very important in the pandemic era or economic crises period.