66% manufacturing firms pick big data as top investment priority: Study

Sixty-six per cent of manufacturing companies voted for big data, predictive analytics as their top investment priority in the next two years, followed by the Industrial Internet of Things (IIoT) and sensors, cloud/integrated platforms and robotic process automation, a new study revealed on Friday.
The EY study named “Will the next transformation in manufacturing be led by digital” stated 62 per cent of respondents saw maximum benefit of digital manufacturing in monitoring and visualisation of key performance indicators (KPIs).
“Concepts such as Industry 4.0 and Smart Factory, which interconnect the shop-floor ecosystem through emerging technologies, are now a reality. Digitisation continues to transform manufacturing processes around the world leveraging technologies such as IIoT, artificial intelligence, advanced robotics, etc.