Indian manufacturing firms rank big data, predictive analytics as top investment priority: EY

Big Data and predictive analytics continue to capture the attention of manufacturers in India, with about 66 per ranking these technologies as the top investment priority in the next 1-2 years, according to an EY study.

While 63 per cent of the organisations ranked sensors and Industrial Internet of Things (IIoT) as the second key priority, as many as 33 per cent ranked cloud/integrated platforms along with robotic process automation as the third key priority for investment for transforming their current manufacturing process.

Ashish Nanda, EY India Supply Chain Leader said: “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”.