NASSCOM CoE-IoT & AI organized ‘Voice of Manufacturing Edition 6 – Digital Transformation in Manufacturing Value Chain’ on the 24th November 2020, to bring out the larger economic perspective of the manufacturing industry linked with Digital India Mission. The manufacturing leaders talked about digital maturity, viability, and the ability to adopt digital offerings across their value chain bringing tangible impacts or return on investment (ROI).
The session keynote was delivered by Mr. Deepak Bagla, MD & CEO, Invest India Org, inaugurated the session by drawing attention to the different verticals that are stimulating thought-provoking digital innovation. He accented on how this digital transformation is driving an unprecedented change throughout the society and how industries are gearing themselves up to take a leap into the Next Normal.
Mr. Vivek Saha, Director & Head, Digital Transformation and Industry 4.0, NASSCOM CoE IoT & AI, moderated both the sessions. He set the context by talking about the government schemes, ongoing trends in the country and how challenges can be transformed into opportunities. With Digital technologies being adopted, he also revealed the indicative trends of ROI being impacted and shaped.
The first session on “Industry Economic Growth & Digital Vision: Shaping Industry economics & Digital India mission”, saw participation from revered panelists Dr. Ajay Garg, Senior Director, Ministry of Electronics and Information Technology (MeitY); Dr. Shishir Shrotriya, Counsellor (Science & Technology), Embassy of India in Moscow; Mr. MP Gupta, Joint Director, STPI (AP); Pranjal Sharma, economic analyst, author India Automated and advisor, World Economic Forum (WEF); & Mr. Ravi Agarwal, President, Automation Industry Association (AIA).
Dr. Garg stated accentuated that digitization will play the key enabler role in the value addition and to drive the productivity across verticals. In the pre-Covid era, manufacturing was based out of one geography, services based out of India and innovation based out of the third geography which created an economic triangle in the world. However, Post Covid Era, world has moved from concept of a distributed economic ecosystem towards the concept of entrusted value chain. The Government’s PLI scheme was also introduced during the lockdown. He further underlined that India through its public digital platform is driving a low-cost inclusive digitalisation model that will improve productivity of all key economic centers.
Dr. Shishir Shrotriya cited that “Frugal innovation or Gandhian engineering is recognised by the world”. It is important to work on creating a whole new innovation space and integrating this effort to solve grass root level problems which will eventually lead to success. The Venture Capitalists of other countries are keen in investing in India.
Mr. MP Dubey highlighted that apart from embracing digital transformation to survive in the competitive environment, there is a need for upskilling. Colleges have been advised to give courses on technology in local languages.
Mr. Ravi Agarawal invigorated on the fact that COVID phase has acted as a catalyst towards digitalization which has also in turn incited the ecosystem to move in favour of the geo-political-economics scenarios surrounding India. The amalgamation of technology, connectivity and Information can acquaint us with the transformation we are looking at attaining.
The Second session of VoM 6, Industry Digital Adoption: Digital Offerings & Adoption to Transform Supply Chain & Logistics Networks, saw participation of Mr. Seenivasan Balasubramaniam, CEO, IAMPL; Mr. Vijay Kalra, Head – Mahindra Institute of Quality & chairman – Central Safety Council, Mahindra & Mahindra; Mr. Nandkumar Kulkarni, Director – Manufacturing, Mondelez India; Mr. Mohit Jauhari, Head – SCM, Shriram Pistons & Rings; Mr. Sunil Mehta, General Manager—Automotive Business, Factory Automation & Industrial Division, Mitsubishi Electric India and Ms. Hima Parvataneni, CEO, Navata Supply Chain Solutions.
Mr. Vijay Kalra delved on the readiness of the country for technology adoption and need for flexibility to match the rate of change, speed to market, resolve issues, deliver services, and stay updated with current technology trends. An early adoption provides the #leverage to remain relevant.
Mr. Seenivasan Balasubramanium stated that adapting digitization is no more an option, but an imperative requirement that organizations have to embrace to remain ahead of the curve in the competitive environment for a sustainable period. Covid19 has us acquainted with hidden opportunities that need to be perceived.
Mr. Nandkumar Kulkarni spoke about digital journey and the four stages of Digital Maturity – Digitally Passive, Digitally Literate, Digital Performer & Digital Leader that would help organizations gradually transform from current to advanced stage.
Mr. Sunil Mehta emphasised on understanding the need of the manufacturing industry which would help simplify the process of choosing the right technology, investments and subsequent actions. He cited the significance of e-factory and benefits it has drawn for companies adopting it.
Ms. Hima Parvataneni speculated on the importance of connected supply chain in the new normal. Meaningful data insights and analytics would help address various challenges.
The session also had an Innovation showcase with Mr. Siddharth Desai & Mr. Mayank Sharma from Cleanslate Technologies, wherein they discussed leveraging Location & Sensor Intelligence for providing Intelligent Supply Chain Solutions – Factory & Warehouse Management.