December 29, 2024 - 20:37
A recent study highlights the critical role of technology adoption in enhancing profitability for Indian manufacturers. However, it reveals a concerning trend where less than 10% of their budgets are allocated toward technological advancements. This discrepancy poses significant challenges to sustaining growth and competitiveness in an increasingly digital landscape.
To overcome these obstacles, the study suggests several strategic initiatives. Firstly, fostering public-private partnerships can lead to the establishment of shared technology hubs, which would facilitate resource sharing and innovation. Additionally, manufacturers are encouraged to increase their budget allocations for technology investments to ensure they remain competitive.
Strengthening collaboration between industry and academia is also crucial, as it can drive research and development efforts that align with market needs. Furthermore, implementing supportive policies will play a vital role in encouraging a broader adoption of smart manufacturing practices. By embracing these recommendations, Indian manufacturers can position themselves for long-term success in the evolving industrial sector.
October 22, 2025 - 01:04
Advancing AI for Real-World ImpactThe MIT-IBM Watson AI Lab is making significant strides in the field of artificial intelligence by focusing on the practical application of research. This collaboration aims to bridge the gap...
October 21, 2025 - 09:42
Marketing Technology Outlook: Crafting a Successful Print-Aware Marketing StackIn today`s rapidly evolving marketing landscape, businesses are increasingly recognizing the importance of integrating print into their digital strategies. The emergence of the print-aware...
October 20, 2025 - 23:27
Innovative Manufacturing Process Enhances Permanent Magnets for Sustainable IndustriesA research team has developed an innovative manufacturing process for permanent magnets that overcomes the limitations of conventional techniques. The team`s breakthrough significantly advances the...
October 20, 2025 - 03:21
Over 9,000 Insurance Professionals Unite at InsureTech Connect 2025In a remarkable display of innovation and collaboration, over 9,000 insurance professionals have gathered for InsureTech Connect 2025, marking a significant milestone in the insurtech industry....