+
AI revolutionises industrial and manufacturing sectors
ECONOMY & POLICY

AI revolutionises industrial and manufacturing sectors

After the Covid-19 pandemic, it has been observed that Indian enterprises have commenced the incorporation of advanced analytics and data-driven decision-making into their operations. According to a report by PwC, the industrial products and manufacturing sector has exhibited the highest level of acceptance of Artificial Intelligence and Machine Learning (AI/ML) over the preceding two years.

The report, titled "Towards a smarter tomorrow: Impact of AI in the post-Covid era," points out that the industrial products and manufacturing sector has witnessed the most substantial surge, reaching up to 20%, in the adoption and implementation of AI/ML solutions from mid-2020 to 2022-23. During the period spanning 12 to 18 months subsequent to the pandemic outbreak, these sectors derived the utmost advantages from AI across three key business functions: manufacturing and operations, supply chain and logistics, and IT and cybersecurity.

In the early stages, around 64 percent of the organizations surveyed within the Industrial Products and Manufacturing sector have expressed that they are presently positioned at the initial phase of their AI-driven transformation journey. This illustrates the potential for further investments and expansion driven by AI/ML solutions within this sector, as per the details provided in the report. While there has been a noteworthy surge in the assimilation of AI, yielding significant outcomes, trends suggest that the travel and hospitality sector has achieved a saturation point. On the other hand, domains like technology, media, telecom, healthcare, and pharmaceuticals have shown consistent advancement. Nevertheless, they are encountering specific challenges in evaluating the returns on investments, particularly when considering the periods before and after the Covid-19 outbreak.

Also read: 
LiuGong introduces 936F excavator for heavy-duty digging
Sany unveils intelligent new energy dump trucks


After the Covid-19 pandemic, it has been observed that Indian enterprises have commenced the incorporation of advanced analytics and data-driven decision-making into their operations. According to a report by PwC, the industrial products and manufacturing sector has exhibited the highest level of acceptance of Artificial Intelligence and Machine Learning (AI/ML) over the preceding two years. The report, titled Towards a smarter tomorrow: Impact of AI in the post-Covid era, points out that the industrial products and manufacturing sector has witnessed the most substantial surge, reaching up to 20%, in the adoption and implementation of AI/ML solutions from mid-2020 to 2022-23. During the period spanning 12 to 18 months subsequent to the pandemic outbreak, these sectors derived the utmost advantages from AI across three key business functions: manufacturing and operations, supply chain and logistics, and IT and cybersecurity. In the early stages, around 64 percent of the organizations surveyed within the Industrial Products and Manufacturing sector have expressed that they are presently positioned at the initial phase of their AI-driven transformation journey. This illustrates the potential for further investments and expansion driven by AI/ML solutions within this sector, as per the details provided in the report. While there has been a noteworthy surge in the assimilation of AI, yielding significant outcomes, trends suggest that the travel and hospitality sector has achieved a saturation point. On the other hand, domains like technology, media, telecom, healthcare, and pharmaceuticals have shown consistent advancement. Nevertheless, they are encountering specific challenges in evaluating the returns on investments, particularly when considering the periods before and after the Covid-19 outbreak. Also read:  LiuGong introduces 936F excavator for heavy-duty digging Sany unveils intelligent new energy dump trucks

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code