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Impact of Digital on ER&D: Impact and recommendations for Indian OEMs, ESPs and GICs

Aims to study how digital technologies are making inroads into ER&D. It analyses in detail technologies like IoT, Big Data Analytics, AI & Machine learning, cyber security, robotics, mobile applications and digital reality and how these are impacting product offerings, business models, organisation structure and talent. Additionally, the report also focuses on how these technologies are being leveraged across five specific verticals – automotive, construction & heavy equipment, energy, medical devices and semiconductors

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Key Findings

01

  • To grow at CAGR 4% to reach $2 trillion by 2022
02

  • Smart products & services, digitech (robotics, 3D Printing, AI/ML, IoT, etc.)
03

  • Automotive and medical devices to see highest growth – 8-9% CAGR by 2022
04

  • Focused on enhancing customer experience
05

  • Business model shifting to strategic partnerships; GTM strategy moving towards end-to-end propositions; organisations building cross-functional digital teams

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