+
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

Next Story
Infrastructure Urban

Raminfo Wins Rs 141M Tech Project in Tripura

Raminfo Limited, a technology solutions provider, has secured a government tech contract worth approximately Rs 141 million from the Government of Tripura to develop, implement, and maintain a unified digital service platform named ‘UNNOTI’ under the Tripura Rural Economic Growth & Service Delivery Project (TRESP).The project marks a significant step in Raminfo’s e-governance journey, as it aims to streamline citizen-government interaction through a secure, scalable, and integrated digital platform. UNNOTI will serve over 4.1 million citizens across Tripura, connecting more than 60 d..

Next Story
Infrastructure Urban

Tembo Global Appoints Fatema Kachwala as New CFO and KMP

Tembo Global Industries has appointed Ms Fatema S. Kachwala as its Chief Financial Officer and Key Managerial Personnel, effective 15 July 2025. The appointment was approved by the Board after reviewing her qualifications and experience. Ms Kachwala holds a Master’s in Commerce from the University of Pune and a Post Graduate Diploma in International Business. She brings over 11 years of expertise in finance and operations, with a strong focus on strategic planning and fiscal management. Welcoming her to the leadership team, Managing Director Sanjay J. Patel stated that her financia..

Next Story
Infrastructure Urban

Kaladan Project To Cut Aizawl-Kolkata Distance by 700 Km

Union Minister Sarbananda Sonowal announced on Monday, 7 July 2025, that the Kaladan Multimodal Transit Transport Project connecting India and Myanmar will be fully operational by 2027. The strategic project will shorten the travel distance between Aizawl and Kolkata by 700 km, significantly improving connectivity in the Northeast.Speaking at a press conference in Guwahati, Mr Sonowal said the Sittwe Port in Myanmar is complete, with road connectivity to Aizawl currently under development. The Ministry of Ports, Shipping and Waterways is investing Rs 10 billion in developing the waterways comp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?