Industrial digitisation expected to grow 65% – Feedback

Going digital being the priority for most of the top company officials, more than a quarter of the industrial firms think their exposure to digitisation is high and expect it to rise to 65 per cent within the next five years, a recent survey said here on Thursday.

“More than a quarter (27 per cent) of the industrial companies have rated their level of digitisation as high, and this value is expected to rise to 65 per cent within the next five years in India. Globally, this number is expected to grow from 33 per cent to 72 per cent during this period,” the report, Industry 4.0: Building the Digital Enterprise, done by PricewaterhouseCoopers (PwC) said. Industrial companies in India and Asia-Pacific have the advantage to leapfrog ahead of those in the developed economies given their greenfield starting positions. As a result, they have fewer legacy issues pertaining to outdated systems, processes, technological capabilities, which need to be addressed, the report stated.

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