Manufacturers adopting AI, robotics to boost sustainable biz practices: PwC

Quick Summary:

Covering six industries, PwC's report 'Decoding the Fifth Industrial Revolution: Marching towards a resilient, sustainable and human-centric future' found that 93 per cent of Indian manufacturers are embracing Industry 5.0 to drive both sustainable practices and boost revenues.

A significant percentage of Indian manufacturers are adopting niche technologies like Artificial Intelligence and robotics, to boost sustainable business practices as well as boost revenues, according to a PwC report.

PwC India's research was conducted between May and July 2024 and covered 180 manufacturing senior executives from the automotive, cement, chemicals, industrial goods, metals and textiles and clothing industries.

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Category: BusinessFinance

Markets: India

Topics: Artificial intelligence Manufacturing Technology Robotics Manufacturers

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-25 @ 16:52:39 (3 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 498 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 32 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23238696

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