Manufacturing sector has increased its growth in terms of development. It has been suggested that this could benefited as much as possible by industrial digitalization over the next decade so that it could unlock the value which has been associated with the industrial revolution. A commission has been set up in this regard by the government in which a series of proposals have been outlined by the reviews which considered necessary in order to boost the economy by making use of advanced digital technologies.
It has been found by a report that the country’s economy would benefit from investment in digital technology but in this regard, the government and industry both need to work more closely together if the country put itself at the forefront of these new technologies as well as their associated markets. The economy could get a productivity boost as well as potential net gain if it is successful.
The review has been pulled comments from over 200 stake holders and from companies, academic institutions along with research and development centers of excellence who has been helped for drawing up the reviews proposals. According the researchers, these proposals would help business in understanding, better deploy and creating the latest digital technologies which are helpful to secure research and development as well as the creation of new industries.
The review has been looked around at issues around adoption, innovation and leadership as a part of its remit and then the final report has been called for the building of a national as well as more visible digital ecosystem with a program that has been focused on increasing the capacity of existing growth hubs as well as it provides more targeted support.
There are many other key findings which have been included the refocusing of the existing landscape with the creation of many digital innovation hubs as well as many large scale demonstrators and various digital research centers. AS a part of new innovation program, these all have been focused on developing new technologies.
This report has also encourages the establishment of a national body for driving industrial digitalization technologies and skills. Many researchers have commented in the report and according to them smaller businesses especially industrial companies which are growing at scale need support in learning about how digitalization would be helpful in the growth of their business. The researchers want to make industrial digitalization accessible, understandable and practically useful for firms up and down the country.