The National Association of Software and Services Companies (NASSCOM), in collaboration with Capgemini, announced the findings of a research study on the adoption of Industry 4.0 in India&#39;s manufacturing sector. Titled, &#39;India Industry 4.0 Adoption: A Case to Mature Manufacturing Digitalisation by 2025&#39;, the report sheds light on the maturity of digitalised manufacturing in India, and recommends a focus on increasing investments, scaling up foundational technology readiness, and enhancing capabilities.From 5% of manufacturing IT spend in 2011, to 20% by 2021, Industry 4.0 has witnessed over a decade of transition since 2011. It has also grown by 9.6 times during the same period, from USD 10.5 billion in 2011 to USD 103 billion in 2021, driven by business growth, resilience and sustainability needs.According to the report, investments in Industry 4.0 have grown by approximately 10X in the last decade and are expected to grow to USD 200+ billion by 2025. Countries such as the US, UK, China, India and Brazil are expected to supplement this with new investments, amounting to a total of USD 100+ billion.This investment will predominantly be in digital technologies like loT, AI/ML, IT-OT integration, robotics, and human-machine interfaces. These will account for almost 40% of all manufacturing technology spend. Servitization, integrated customer and employee experience, and an urgent need for flexible operations and business agility are set to be the biggest drivers.

Industry 4.0 Adoption Can Help Mfg Sector Contribute 25% To GDP

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{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 87 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.