The Smart Industry Readiness Index (SIRI) comprises a suite of frameworks and tools to help manufacturers – regardless of size or industry – start, scale and sustain their digital transformation journeys. The ongoing COVID-19 pandemic and the reshaping of production value chains globally are spurring the manufacturing community to embrace digitalization with greater focus and urgency, motivated not only by potential gains in efficiency, but also by operational resilience. This renewed drive is further powered by the ongoing data revolution, where decision-makers increasingly expect key business commitments, plans and interventions to be supported through big data.
Under the Global SIRI Initiative, the World Economic Forum, in collaboration with international partners, started building the world’s largest datasets and benchmarks on the current state of manufacturing. By democratizing this knowledge, we aim to fundamentally reform the manufacturing community’s approach to industrial transformation, from one that is ad-hoc and anecdote-based to one that relies on a standardized methodology supported by data. Building on the above, this insights report draws on data from around 600 manufacturers across 30 countries.