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Construction Business Review | Friday, September 09, 2022
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APAC-based start-ups are adopting new approaches to operate in a changing environment due to the pandemic, climate change, and technological advancements.
FREMONT, CA: The Asia-Pacific region is observing a huge influx of new startups and innovative technologies and anticipates wider growth in the near future. Businesses are required to consider emerging trends to identify the best direction for investments and startups. Tech startups are creating a worldwide impact despite being confined to region-specific areas.
Creating Digital Solutions and Using Artificial Intelligence (AI) for various applications
The pandemic brought huge changes and insisted on a push towards creating an online marketplace where people order, interact, and conduct business exclusively on e-platforms. Since more people are using the internet, startups centred around daily-use apps are expanding rapidly. Local start-ups are showing greater interest in developing AI-powered solutions that facilitate enhanced customer experiences or recommend products for retailers.
AI will soon impact every domain of a construction project, from planning to project closeout, improving novel ways of building like modular construction, which has become a crucial part of the construction sector.
Adopting Green Initiatives
Eco-consciousness has become a larger concern for every business and not confined as a region-specific endeavour. However, for startups, it is a smart move, to begin with, some environmentally friendly practices and green approaches to influence a wider audience and attract business from other continents.