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New Delhi: India has the best variety of manufacturing organizations investing in expertise, based on the eighth annual “State of Smart Manufacturing Report” by Rockwell Automation. The study surveyed more than 1,350 manufacturers across 13 of the leading manufacturing countries including India, China, Germany, Japan, the US, and the UK.
New Delhi: India has the best variety of manufacturing organizations investing in expertise, based on the eighth annual “State of Smart Manufacturing Report” by Rockwell Automation. The study surveyed more than 1,350 manufacturers across 13 of the leading manufacturing countries including India, China, Germany, Japan, the US, and the UK.
The report discovered that digital transformation is being embraced to make manufacturing extra productive and environment friendly, notably in India. Manufacturers in India are investing 35% of their working budgets in direction of expertise funding, forward of the worldwide imply common (23%) and nations such because the US (27%) and Japan (24%).
The report discovered that digital transformation is being embraced to make manufacturing extra productive and environment friendly, notably in India. Manufacturers in India are investing 35% of their working budgets in direction of expertise funding, forward of the worldwide imply common (23%) and nations such because the US (27%) and Japan (24%).
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Globally, the highest 5 applied sciences that respondents invested in and had the best return on investments over the previous yr had been course of automation (33%), cloud/software program as a service (SaaS) (30%), industrial web of issues (IIoT)/web of issues (IoT) (25%), machine integration (24%) and machine studying/synthetic intelligence (23%).
Smart manufacturing continues to develop as an essential catalyst for digital transformation for producers in India, the examine confirmed.
“59% plan to undertake good manufacturing throughout the subsequent yr, whereas 57% of corporations already use good manufacturing options,” it added.
“The 2023 State of Smart Manufacturing Study reflects the growing interest of the Indian manufacturing sector to adopt digital technologies to achieve digital transformation operational excellence. Manufacturers in India want to optimize processes and focus on performance enhancement by embracing smart manufacturing,” stated Dilip Sawhney, managing director, Rockwell Automation India.
“Moreover, corporations are recognizing the abilities mismatch and significance of reskilling and upskilling, together with automation to optimize manufacturing potential. The total emphasis is on reaching leveraging Industry 4.0 to attain world competitiveness, which aligns with the Indian authorities’s imaginative and prescient of Atmanirbhar Bharat and Make in India.”
When it comes to talent and the workforce, 58% of survey respondents in India shared that employee resistance to technology adoption and change is the main barrier to adopting smart manufacturing followed by the lack of knowledge and skills to take advantage of smart manufacturing technology and benefits.
Half of the manufacturers in India (51%) plan to introduce flexible scheduling (for example, working hours as able and short shifts) to address the manpower shortage, and utilize technology to create more engaging jobs (49%). Furthermore, 37% believe that smart manufacturing can help to mitigate the skills shortage.
The report included recommendations and adoption guidelines for manufacturers on system-level approaches to reduce ‘time to talent’ and achieve Industry 4.0 business outcomes too. It also highlights the growing significance of environmental, social and governance (ESG) for manufacturers – 87% of Indian respondents have at least some formal ESG or sustainability policy in place.
The report also advocated for collaboration between government and industry for creating manufacturing workforce.
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