2. A FUNCTIONING AND RESILIENT INFRASTRUCTURE IS THE
FOUNDATION OF EVERY SUCCESSFUL COMMUNITY. TO MEET
FUTURE CHALLENGES, OUR INDUSTRIES AND INFRASTRUCTURE
MUST BE UPGRADED. FOR THIS, WE NEED TO PROMOTE
INNOVATIVE SUSTAINABLE TECHNOLOGIES AND ENSURE EQUAL AND
UNIVERSAL ACCESS TO INFORMATION AND FINANCIAL MARKETS.
THIS WILL BRING PROSPERITY, CREATE JOBS AND MAKE SURE THAT
WE BUILD STABLE AND PROSPEROUS SOCIETIES ACROSS THE
GLOBE.
3. INNOVATIVE INFRASTRUCTURE PLAYS A VITAL ROLE IN
UNLOCKING NEW OPPORTUNITIES FOR GROWTH AND
DEVELOPMENT. BY INVESTING IN SUSTAINABLE
INFRASTRUCTURE PROJECTS, COUNTRIES CAN CREATE JOBS,
ATTRACT INVESTMENTS, AND FOSTER SOCIO-ECONOMIC
DEVELOPMENT.
EMBRACING INNOVATIVE INFRASTRUCTURE SOLUTIONS CAN
ADDRESS CRITICAL ISSUES SUCH AS URBANIZATION,
TRANSPORTATION CONGESTION, AND ENERGY EFFICIENCY.
FROM SMART TRANSPORTATION SYSTEMS THAT REDUCE
TRAFFIC CONGESTION AND EMISSIONS TO GREEN BUILDING
TECHNOLOGIES THAT ENHANCE ENERGY EFFICIENCY,
INNOVATIVE INFRASTRUCTURE OFFERS A MULTITUDE OF
OPPORTUNITIES FOR ENHANCING LIVABILITY, PRODUCTIVITY,
AND SUSTAINABILITY.
4. INDUSTRY IS THE PRODUCTION OF GOODS OR RELATED SERVICES WITHIN AN
ECONOMY. INNOVATION IS A NEW IDEA, DEVICE OR
METHOD. INFRASTRUCTURE REFERS TO THE FUNDAMENTAL FACILITIES AND
SYSTEMS SERVING A COUNTRY, CITY OR AREA, INCLUDING THE SERVICES AND
FACILITIES NECESSARY FOR ITS ECONOMY TO FUNCTION.
ABOUT 2.6 BILLION PEOPLE IN THE DEVELOPING WORLD ARE FACING
DIFFICULTIES IN ACCESSING ELECTRICITY FULL TIME. 2.5 BILLION PEOPLE
WORLDWIDE LACK ACCESS TO BASIC SANITATION AND ALMOST 800
MILLION PEOPLE LACK ACCESS TO WATER, A HUGE PART OF THEM IN SUB-
SAHARAN AFRICA AND SOUTH ASIA. 1-1.5 BILLION PEOPLE DO NOT HAVE ACCESS
TO RELIABLE PHONE SERVICES. IN DEVELOPING COUNTRIES, BARELY 30% OF
AGRICULTURAL PRODUCTION UNDERGOES INDUSTRIAL PROCESSING, WHILE IN
HIGH-INCOME COUNTRIES, 98% OF IT IS PROCESSED
5. •A ROBUST DATA INFRASTRUCTURE ENABLES SECURE AND
EFFICIENT DATA CONSUMPTION. BUILDING A ROBUST DATA
INFRASTRUCTURE REQUIRES DEFINING YOUR DATA
STRATEGY, BUILDING A DATA MODEL, CHOOSING A DATA
REPOSITORY, CLEANING AND OPTIMIZING THE DATA,
BUILDING AN ETL PIPELINE, AND IMPLEMENTING DETAILED
DATA GOVERNANCE
•THE AMOUNT OF DATA, ITS ACCESSIBILITY, AND ITS
QUALITY MAKE MAINTAINING DATA INFRASTRUCTURE A
CHALLENGE
6. THE EVOLUTION AND INNOVATION OF TECHNOLOGY ARE
AIMED AT ENHANCING CONSUMER EXPERIENCES. THESE
ADVANCEMENTS IMPROVE OUR LIFESTYLES, MAKE
COMMUNICATION EASIER, AND GIVE US ACCESS TO
INFORMATION AT OUR FINGERTIPS. ULTIMATELY, THEY ELE
TECHNOLOGIES LIKE CLOUD COMPUTING, ARTIFICIAL
INTELLIGENCE, IOT (INTERNET OF THINGS), AND THE IIOT
(INDUSTRIAL INTERNET OF THINGS) HAVE BECOME
CORNERSTONES FOR MODERN INDUSTRIAL PROCESSES.
NOW THE FUTURE OF THE MANUFACTURING INDUSTRY IS
TOWARDS THE FIFTH INDUSTRIAL REVOLUTION OR
INDUSTRIAL REVOLUTION 5.0.VATE OUR OVERALL QUALITY
OF LIFE.
7. IT ENCOURAGES BUSINESSES TO GO BEYOND THE
BENEFITS OF THE BUSINESS AS USUAL APPROACH .
THOSE WHO INNOVATES SUSTAINABLY CAN ENHANCE
ENERGY EFFICIENCY, UTILIZE MORE ENVIRONMENTALLY
FRIENDLY MATERIALS, MEET CUSTOMER NEEDS AND
ALTER BEHAVIOUR , AND GET INVOLVED IN THE CIRCULAR
ECONOMY
8. SERVICE INNOVATION INVOLVES THE DEVELOPMENT AND
IMPLEMENTATION OF NEW AND EXISTING INNOVATION
IDEAS AND SOLUTIONS FOR IMPROVED SERVICES, WITH
EXAMPLES SUCH AS NETFLIX, UBER, AND AMAZON
PRIME SHOWCASING INNOVATIVE SERVICES THAT HAVE
TRANSFORMED THEIR RESPECTIVE INDUSTRIES.
9. ONE MAJOR OBSTACLE TO ADOPTING TECHNOLOGY
IS RESISTANCE TO CHANGE. EMPLOYEES WHO ARE USED TO
WORKFLOWS AND SYSTEMS OFTEN HESITATE WHEN IT
COMES TO ADAPTING TO TECHNOLOGIES. THIS RESISTANCE
STEMS FROM CONCERNS ABOUT JOB SECURITY, THE FEAR
OF BEING REPLACED BY AUTOMATION OR THE EXPECTED
DIFFICULTY IN LEARNING SOMETHING. ONE OF THE BIGGEST
CHALLENGES WHEN ADOPTING NEW TECHNOLOGY IS THE
LEARNING CURVE. LEARNING TO USE NEW SOFTWARE,
HARDWARE, OR APPLICATIONS CAN BE TIME-CONSUMING AND
FRUSTRATING, AND MAY REQUIRE ADDITIONAL TRAINING OR
SUPPORT.
10. THE INTEGRATION OF GREEN TECHNOLOGIES IN FUTURE
DEVELOPMENTS IS CRUCIAL FOR REALIZING SUSTAINABLE
AND INCLUSIVE GROWTH. TECHNOLOGIES SUCH AS
RENEWABLE ENERGY, ENERGY STORAGE, AND SMART
GRIDS WILL TAKE CENTER STAGE IN CREATING A GREENER
AND MORE RESILIENT FUTURE . DEVELOP QUALITY,
RELIABLE, SUSTAINABLE AND RESILIENT INFRASTRUCTURE
INCLUDING REGIONAL AND TRANSBORDER
INFRASTRUCTURE, TO SUPPORT ECONOMIC
DEVELOPMENT AND HUMAN WELL-BEING, WITH A FOCUS
ON AFFORDABLE AND EQUITABLE ACCESS FOR ALL.
11. AI, E-COMMERCE, CYBERSECURITY, RENEWABLE
ENERGY AND TELEMEDICINE ARE JUST A FEW AREAS
WITHIN THE TECHNOLOGY INDUSTRY THAT OFFER
GREAT POTENTIAL FOR INVESTMENT
12. THE GOVERNMENT HAS ALSO MADE GREAT STRIDES IN
IMPLEMENTING PROGRESS IN DIGITAL INFRASTRUCTURE
THROUGH VARIOUS SCHEMES SUCH AS DIGITAL INDIA
SCHEME AND TELECOM TECHNOLOGY DEVELOPMENT
FUND. THERE HAS BEEN A 200% INCREASE IN RURAL
INTERNET SUBSCRIPTIONS BETWEEN 2015 AND 2021 VIS-A-
VIS 158% IN URBAN AREAS.
13. THE INTERPLAY OF INDUSTRY, INNOVATION, AND
INFRASTRUCTURE IS AT THE FOREFRONT OF DRIVING
SUSTAINABLE DEVELOPMENT IN TODAY'S RAPIDLY
EVOLVING WORLD. UNDERSTANDING THE RELATIONSHIP
BETWEEN THESE THREE PILLARS IS CRUCIAL FOR
CREATING A FUTURE THAT IS BOTH ECONOMICALLY
PROSPEROUS AND ENVIRONMENTALLY SUSTAINABLE.
