About 75 percent of companies in India are still grappling with Manufacturing 1.0 and 2.0 stages – a basic stage where a company already has systems of production and transaction, according to a Greyhound Research report.
“Indian manufacturing is at a helm of transformation, with only a quarter of manufacturing organizations that were polled are planning or executing components of Manufacturing 3.0,” says Sanchit Vir Gogia, Chief Analyst & Group CEO, Greyhound Research.
Greyhound Research suggested that automation should go beyond just the shop floor. Secondly investment in intuitive analytics is a must to drive efficient production cycles. “Manufacturing units need to increasingly adopt smart technologies to optimize their sourcing activities through various systems of production; revamping their shop floors through systems of insights and analytics to enhance their outreach,” he says.
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