The manufacturing sector in India underwent a huge revolution through the 1990s in response
to economic liberalization. As companies looked to establish successful foundations in a
market-driven economy, many of us who worked as operating managers or as consultants to
the manufacturing sector, in that timeframe, saw a dramatic rise in focus on productivity and
throughput improvement in core manufacturing and supply chain functions.
The advent of digital technologies today provides Indian manufacturing companies a new set of
powerful tools to reinvent their manufacturing and supply chain operations. Our experience
with and research on the manufacturing sector shows that most companies understand the
potential of digital technologies to deliver value. However, most of them are struggling to
define programs that link investments to acceptable levels of returns. Why? While Indian
manufacturers have intensified their focus on business growth, they are overlooking the most
crucial opportunity that these digital technologies offer-the transformation of their existing
operations.
To create value with digital, Indian companies need to seize the opportunity to transform their
current operations, reinvent their operating models and target new growth opportunities to
become what we call Industry X.0 businesses.
want to leverage digital for new, experience-driven
revenue growth
of executives in India2/3
want to use digital to transform their current
operations for greater operational efficiencies
< 1/3of executives in India