Power List 2020

In today’s business scenario, improve and change one’s business model continually through innovative approach is important. To have a competitive edge, automation has to be built into the business model. Cloud computing has connected designers to factory employees through sensor networks; communication technologies and software interact autonomously besides facilities connected in real time to suppliers and customers.

The revamped business models in the changed business scenario will have to move faster to adopt Industry 4.0 lest they be derailed. This will entail investment in smart technologies through balanced fiscal play of internal accruals and external funding vis-à-vis revenues and collaborating in acquisition of know-how, re-engineering and re-inventing. Besides, there is the challenge of on-time delivery with right quantity and uncompromising quality.
Human capital will be a strong focus as it is going to be an era of human digital capital with trained digital workers meeting 4.0 standards and robots taking over routine human functions.

Cognitive systems and real-time analysis offer valuable insights to improve reliability and quality of output while supporting manufacturers to introduce value-added services to customers. IIoT/AI concepts create automated and seamless transactions in their productive process by deploying sensors, initiate communication with multiple devices and implant analytics solution to derive actionable insights. There will be continual high end service and enduring product quality with innovative changes at planned intervals meeting customer taste and needs, where customers at large will stand immensely benefitted.