Technology Transformations In Infrastructure – A Systematic Review
Authors: CA Jagjit Padgaonkar  
Published: September 2024

Introduction: The integration of technology in infrastructure project finance management has brought about significant transformations, revolutionized traditional approaches and reshaped financial landscapes globally, particularly in India. This systematic literature review offers a comprehensive examination of existing research, aiming to unravel the impact, challenges, and opportunities presented by technological advancements. Focusing on the Indian context, the study explores how technological transformations align with global trends and identifies unique challenges and opportunities in infrastructure finance management. Themes such as digitalization of financial processes, the role of Financial Technologies (FinTech), impact on decision-making processes, challenges and opportunities in technological adoption, and integration of smart technologies are analysed to provide insights for stakeholders. The review's findings contribute to a nuanced understanding of technology's influence on infrastructure finance management, guiding future research and informing policymakers and practitioners in navigating the evolving landscape.
Objectives: The primary objective of a systematic literature review is to meticulously synthesize and produce the existing knowledge and insights, providing a holistic perspective on the transformative journey that technology has charted in infrastructure project finance management. By systematically examining a wide range of scholarly works, this study aspires to unravel the nuanced layers of technological evolution, pinpointing key themes that have emerged as pivotal in reshaping the financial landscape of infrastructure projects.
Methods A systematic search strategy was employed, encompassing scholarly databases and relevant journals. Inclusion criteria prioritized articles and publications focused on the technological evolution of infrastructure project finance management. The systematic selection process ensured a representative and comprehensive collection of literature.
Conclusions: This systematic literature review offers a nuanced understanding of the technological transformations in infrastructure project finance management. The identified themes contribute to a comprehensive overview, aiding researchers, practitioners, and policymakers in navigating the evolving landscape. The findings provide valuable insights for future research directions and practical implications for optimizing infrastructure finance management through technology.
The insights gleaned from this systematic literature review serve as a foundational framework for future research endeavours, offering a roadmap for scholars to delve deeper into specific aspects of technological transformations in infrastructure project finance management.
By shedding light on the key themes and trends within the field, this review facilitates informed decision-making among practitioners and policymakers, enabling them to leverage technology effectively to address challenges and capitalize on opportunities in infrastructure finance.
The nuanced understanding provided by this review underscores the importance of adopting a holistic approach to technology integration in infrastructure project finance management, taking into account diverse perspectives and stakeholder interests.
As technology continues to evolve and shape the infrastructure finance landscape, ongoing dialogue and collaboration among researchers, industry experts, and policymakers are essential to ensure that advancements are harnessed responsibly and sustainably. Ultimately, this systematic literature review serves as a catalyst for innovation and progress in infrastructure project finance management, inspiring stakeholders to embrace transformative technologies and drive positive change in the built environment.