Is Digitalization Changing The Landscape Of Indian Manufacturing?

In the last couple of years, manufacturing has emerged as a high-growth sector in India, with the potential to reach US$ 1 trillion by 2025, per a study by IBEF. And digitalization will have a large role to play in helping our industry get there.

In the current challenging situation, the digital landscape is constantly evolving. Industries want to bring back normalcy at the earliest. Manufacturers are keen to fast-track innovation and technology modernization to streamline processes, help usher in manufacturing excellence and increase operational efficiencies. They realize the need to add more value with a quicker turnaround time. Rapid changes in consumer expectations and technology improvements also trigger this.

In summary, digitalization brings numerous advantages, such as helping companies to adapt to changes faster or even anticipate changes before they occur – all crucially important to manufacturing in an agile economy. Digitalization reduces the manufacturing cycle time and dependence on manual processes (thereby minimizing human errors); it’s also helping manufacturers improve productivity, accuracy, and quality. Digitalization also directly impacts businesses, their suppliers, customers, and other third parties.

Digital Strategy and Innovation Roadmap

What kind of technology solutions need to be adopted in this journey?

Organizations should focus more on…