Key takeaways from interaction with TECHM's manufacturing head Tech spending on rise: Changing portfolio, cloud adoption, etc. are impacting CIO functions and translating into reduction in CIO budget led by contraction of spending on legacy IT systems. However, the overall enterprise Tech spending has increased to ~6.5% of overall revenues V/s ~4.5% earlier backed by increase in tech penetration in areas like 1) products and product embedded software 2) Factories and 3) CMO budgets customer experience, digital dealerships, etc. Productized and platform-based solutions in demand: As enterprises...