Manufacturing Magazine - April 2021 | Page 8

BIG PICTURE

Disruption drives digital transformation in manufacturing

With advanced manufacturing companies implementing new technologies such as artificial intelligence ( AI ), Internet of Things ( IoT ), data , and analytics to drive growth and profitability in disruptive environments , the digital transformation market in manufacturing stands to value at US $ 767.82bn by 2026 , working at a CAGR of 19.48 % between 2021 and 2026 .
8 April 2021