A CASE FOR MANUFACTURING DIGITALISATION
Manufacturing Today|September 2023
INDUSTRY 4.0 HAS SHIFTED FROM A DIGITAL TRANSFORMATION ENABLER TO AN IMPERATIVE FOR ENHANCED CUSTOMER EXPERIENCES AND SUSTAINABLE MODELS. HOW IS THE WORLD, INCLUDING INDIA, PROGRESSING ON ITS INDUSTRY 4.0 JOURNEY?
A CASE FOR MANUFACTURING DIGITALISATION

ACCORDING TO A PWC REPORT, THE industrial products and manufacturing sector has seen a maximum increase of 20% over the past two years in adopting AI/ML solutions. In the dynamic landscape of modern industry, the integration of digital technologies is driving a transformative shift in manufacturing processes, yielding unprecedented levels of efficiency, productivity and innovation. India, a key player in the global manufacturing arena, is embracing this digitalisation wave with fervour. As factories and supply chains become increasingly connected and data-driven, the nation is witnessing a remarkable evolution that promises to reshape its industrial landscape.

According to PwC's report "Towards a Smarter Tomorrow: Impact of AI in the Post-COVID Era," the industrial products and manufacturing sector has witnessed the highest adoption of AI/ML in the past two years. About 64% of surveyed organisations in this sector are in the early stages of their AI-driven transformation journey, indicating prospects for increased investments and growth through AI/ML solutions. Sudipta Ghosh, Partner & Leader – Data & Analytics at PwC India, emphasised the importance of a three-fold strategy as organisations advance in their AI utilisation: identifying suitable use cases, rigorous ROI measurement and communication, and fostering responsible and explainable AI adoption and scalability across the enterprise.

THE DIGITALISATION DRIVE: A STATISTICAL SNAPSHOT

Denne historien er fra September 2023-utgaven av Manufacturing Today.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra September 2023-utgaven av Manufacturing Today.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA MANUFACTURING TODAYSe alt
Optimising milling operations
Manufacturing Today

Optimising milling operations

Exploring innovative strategies that are reshaping the milling landscape to meet the challenges of a competitive global market.

time-read
3 mins  |
Decemeber 2024
The path to excellence
Manufacturing Today

The path to excellence

Tata AutoComp’s Double Deming triumph is testament to quality and innovation

time-read
5 mins  |
Decemeber 2024
Boosting India's energy efficiency with advanced low voltage motors
Manufacturing Today

Boosting India's energy efficiency with advanced low voltage motors

Stefan Floeck, Division President of IEC Low Voltage Motors at ABB Motion, discusses the role of low voltage motors in India’s industrial future.

time-read
5 mins  |
Decemeber 2024
The Tech of E-commerce
Manufacturing Today

The Tech of E-commerce

Technology is revolutionising e-commerce by enhancing demand forecasting, inventory management, and customer experiences through AI, blockchain, IoT, and real-time data analytics.

time-read
5 mins  |
Decemeber 2024
Driving Sustainability and Innovation
Manufacturing Today

Driving Sustainability and Innovation

A conversation with Rajendra B Chunodkar, President Manufacturing Operations, Lupin

time-read
5 mins  |
Decemeber 2024
The evolution of machining technologies
Manufacturing Today

The evolution of machining technologies

The evolution of machining technologies is reshaping the manufacturing landscape, offering unprecedented opportunities for efficiency, precision, and sustainability.

time-read
5 mins  |
Decemeber 2024
Transforming the future of manufacturing technology
Manufacturing Today

Transforming the future of manufacturing technology

A pre-event report on IMTEX 2025: The premier manufacturing and metal cutting technologies event for

time-read
9 mins  |
Decemeber 2024
THE MAKE IN INDIA JOURNEY
Manufacturing Today

THE MAKE IN INDIA JOURNEY

An analysis of the initiative's impact on the manufacturing sector.

time-read
9 mins  |
Decemeber 2024
Tata Motors Re.Wi.Re: Innovation meets responsibility
Manufacturing Today

Tata Motors Re.Wi.Re: Innovation meets responsibility

Tata Motors advances circular economy via Re.Wi.Re scrapping facility.

time-read
1 min  |
Decemeber 2024
After Apple, Google Pixel set to be manufactured in India
Manufacturing Today

After Apple, Google Pixel set to be manufactured in India

Dixon Technologies' alliance with Compal Electronics is poised to further accelerate India's push to become a global hub for smartphone manufacturing.

time-read
2 mins  |
Decemeber 2024