Are you aware that the global spending on smart manufacturing initiatives, as per a recent survey, is estimated to cross $300 billion by 2023? IDC predicts by 2024, over 60% of G2000 manufacturing firms will rely on AI platforms to drive digital transformation, leading to productivity gains of over 20%.
No wonder manufacturers are investing as high as 5% of their revenues in building smart factories. This paradigm shift needs a complete overhaul of strategy, finance, operations, tech, and talent management.
At Birlasoft, we help our clients build smart factories that rest on five core pillars: (i) Touchless (ii) Transparent (iii) Connected (iv) Real-time (v) Scalable. For more details, download this POV and learn the following about smart manufacturing: