Post covid-19 adoption of AI, IoT, Blockchain expected to accelerate in manufacturing sector
The pandemic has also exposed the vulnerabilities in supply chain networks
China already has a lead in terms of spending on AI in manufacturing sector
As the lockdown lifts and factories are starting to open, manufacturing sector in India will face mounting pressure to cut costs, increase efficiency in processes, reduce dependence on humans and become more resilient to future exigencies. This will drive companies to scale up adoption of smarter manufacturing processes powered by Artificial Intelligence (AI), Internet of Things (IoT) and Blockchain, industry experts feel.