New Delhi, Mar 15 (KNN) The maximum number of manufacturing organizations investing in technology are from India, as per a report by Rockwell Automation.
According to its 8th annual “State of Smart Manufacturing Report” it has found that digital transformation is being embraced to make manufacturing more productive and efficient, particularly in India.
More than 1,350 manufacturers across 13 of the leading manufacturing countries including India, China, Germany, Japan, the US, and the UK were surveyed for the study.
Manufacturers in India are investing 35% of their operating budgets towards technology investment, ahead of the global mean average (23%) and countries such as the US (27%) and Japan (24%).
Globally, the top five technologies that respondents invested in and had the highest return on investments over the past year were process automation (33%), cloud/software as a service (SaaS) (30%), industrial internet of things (IIoT)/internet of things (IoT) (25%), machine integration (24%) and machine learning/artificial intelligence (23%).
The study further revealed that smart manufacturing continues to grow as an important catalyst for digital transformation for manufacturers in India.