Smart manufacturing is the order of the day and today manufacturers are finding out innovative ways to increase productivity. In a recently conducted survey titled 2016 KPMG Global Manufacturing Outlook (GMO), it says how manufacturers are looking for innovative ways to tackle not only competition but also increase focus in products and services.
In KPMG’s survey of 360 C-level global manufacturing executives, including 80 in the United States, 3 per cent say over the next two years they will devote a significant amount of research and development (R&D) towards advanced manufacturing technologies such as robotics. In fact, many indicated they have already made investments in new digital technologies, with 25 per cent saying they have invested in artificial intelligence and cognitive computing technologies as well as in 3D printing and additive manufacturing technologies.
According to Doug Gates, KPMG’s Global Chair of Industrial Manufacturing, “Manufacturers recognise a failure to evolve will leave their organisation in a non-competitive position. The need to become more digital has never been greater and investments in new technologies are a way to enhance agility, flexibility and speed to market when launching new products and services-critical elements for manufacturing companies to win in the marketplace.”
By Atanu Kumar Das
