International Technology Day 2022: what the experts say
The manufacturing industry has been constantly on the lookout for technological advancements that could possibly help increase operational efficiency, better quality control, lower production costs, lower maintenance costs, increased revenue, etc. . With the adoption of Industry 4.0 principles, the industry has faced challenges such as the need to manage complex processes, high costs due to legacy tools and technologies.
Some of the key assessments to be performed prior to technology change include 1) readiness of equipment to be connected to a central data system, 2) software and hardware required to handle the generated data loads 3) capacity of computer systems like storage, processing, etc., 3) Readiness for smart operations and 4) Resistance to change in people
One of the key technological shifts in the manufacturing space is the deployment of technology solutions driven by artificial intelligence. Some of these AI-powered use cases include: 1) Detecting anomalies and performing predictive maintenance to save huge repair costs. IIOT devices help in the collection of relevant data sets 2) Improve quality control through statistical process control 3) Inspection of products/components using AI-based visual technology and thereby reduce human errors
Another key use case for AI is Digital Twin technology where a physical object, a process or an entire plant, for example, is represented digitally. Some industry examples include motors, wind farms, buildings, cities, etc. Digital twin technology can be used to collect data, create simulations to predict product or process performance. – Mr. Satish Pala, CTO, Indium Software
“After the pandemic, it is undeniable that digitization is the key to the survival of every business. Even in very “physical” sectors such as supply chain and logistics, technology has taken a central role. Supply chain organizations are investing heavily in IoT, AI, collaboration, robotic process automation, among others. What’s even more exciting is the potential for disruption through emerging technologies such as 5G, augmented reality and virtual reality. One of the main differences in today’s world is the spread of technology on a global scale. Indian companies are deploying the same technologies and tools as their counterparts in developed countries. Not only that, Indian start-ups are deploying advanced technology in Indian markets for global companies. This two-way exchange of technological knowledge is a defining feature of our times” – Apurva Mankad, CEO and Founder, WebXpress
“The future is much bigger and much scarier than it has ever been in the past. Smart companies are those that would use technology as an intelligent platform for all stakeholders to collaborate in a meaningful way. Seamless, Paving the Way for a Connected Business Omnichannel experiences will continue to evolve to allow consumers to enjoy a seamless shopping experience both offline and online.
Gofrugal will continue to make technology simple, intuitive and affordable to help businesses of all sizes and styles stay competitive. Gofrugal has, is, and will continue to enable businesses to win by letting them work with minimal staff, with the fewest skills, while making them 100% reliable with accurate forecasts and solutions based on decision recommendations” – Mr. Kumar Vembu, CEO and Co-Founder, GOFRUFRGAL
Technology and innovation have truly revolutionized the global payroll industry like any other industry. Additionally, COVID-19 has had a significant impact on the global payroll industry, placing greater emphasis on leveraging technology to process payroll on time and accurately. The use of cloud-based technology to improve anytime, anywhere secure access to ensure process continuity has also changed the global payroll industry. Artificial intelligence, machine learning, and robotics are already part of next-gen payroll technology, which is changing the payroll industry. As a top priority, the use of technology is now focused on providing a seamless employee experience. This, combined with real-time reporting and analytics, has resulted in a significant change in the way businesses operate in recent years. Quoting Neeyamo, a global provider of payroll solutions for businesses around the world is building a payroll ecosystem to completely digitize what is otherwise a transactional and repetitive process. Providers such as Neeyamo use technology to simplify the complexities of global payroll. Neeyamo Global Payroll System/Technology is the hub of Global Payroll Outsourcing Services. The global payroll system is the only reason why Neeyamo can provide global payroll services in over 150 countries and allied payroll systems. – Rangarajan Seshadri, CEO, Neeyamo
Sustainability is a key priority for all businesses. There is a lot of pressure to transform the supply chain of companies into a sustainable end state and the technology is available to enable this. Government mandates for carbon accounting and supply chain transparency are getting stricter, but companies are unable to comply, although it will help them significantly in the medium to long term. term. Moreover, the entire ecosystem, industries and sectors must work together to make this a reality. Sustainable processes enabled by artificial intelligence, analytics and market intelligence capabilities can help the industry navigate this transformational journey and save the planet. . New features will guide customers as they progress through the maturity stages of the transformation process, from gaining basic situational awareness to intelligent network analysis and design, and ultimately , end-to-end supply chain visibility and collaboration. – Jayaraman Krishnamurthy, Head of Industry Strategy and Sales, o9 Solutions India
“This year’s theme for National Tech Day – Rebooting the Economy through Science, Technology and Research Translations – is deeply rooted in India’s start-up diaspora. This really resonates with Whatfix, as remote or hybrid working becomes the norm, Whatfix’s revolutionary digital adoption platform has enabled organizations to gain speed and efficiency in their adoption of new technology offerings. Whatfix simplifies enterprise software adoption, improving the ROI of an organization’s technology stack.
We speed up the user’s time to learn a new software application. With walkthroughs on how to use a feature, users get an interactive way to learn on the job. This helps users interact with an app, identify areas of friction, and improve their experience. Whatfix understands user pain points by tracking actions and completion rates to see how they can improve feature adoption. These solutions have helped us envision our future, make it more technology-friendly, and facilitate business transformation with in-app pop-ups that highlight and explain new processes and business changes. application. – Khadim Batti, Co-Founder and CEO, Whatfix