IoT in manufacturing is estimated to pass 13.49 billion dollars by 2020, 30 per cent of that revenue is expected to be generated from Asia. It’s still considered a “nice to have” not a “must have”. Precimetrix is trying hard to break the barriers.
And these startups and their big name, established clients seem to prove it. India’s mandate to increase its manufacturing output to contribute more to gross domestic product largely relies on policies according to most startups. But beyond those macro conditions, what will increase manufacturing output of tangible products will depend on efficient adoption of intangible software.