CXO Guide For ‘Staying Competitive In The Post-Pandemic Decade’
Anuj Vaid, Executive Director, CMS IT Services, “The World Economic Forum expects India to regain its position as the fifth-largest economy by 2025 and emerge as the third-largest economy by 2030.
BANGALORE, Nov 18 (The CONNECT) – The velocity and quality of data enables businesses to think less sequentially and more disruptively and AI at the edge allows mission-critical and time-sensitive decisions to be made faster, more reliably and with greater security.
These are some of the highlights of the CXO guide entitled ‘Staying competitive in the post-pandemic decade’ issued by CMS IT Services, a Bangalore-based Managed Services provider and System Integrator.
This the second edition of the guide that focuses on the digital tech that will influence the manufacturing sector in the next decade. It lists out technologies that will ignite innovation and accelerate a manufacturer’s competitive edge turning them into the ‘smart’ production hubs of tomorrow.
Anuj Vaid, Executive Director, CMS IT Services, “The World Economic Forum expects India to regain its position as the fifth-largest economy by 2025 and emerge as the third-largest economy by 2030. To achieve this, the manufacturing industry needs to scale up to international standards and create unique differentiations that will enable us to compete on global platforms.”
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The eBook can be downloaded
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In the manufacturing industry, he said, smart manufacturing is the buzzword which will transform this sector. This will deliver real-time decision making, enhanced productivity, flexibility, and agility.
The guide says fortification of endpoints and a Zero-Trust architecture posture is imperative, intelligent workload management and operational stability through custom cloud configurations is the way forward.
Organizations will lower operational costs by 30% by combining hyper automation technologies with redesigned operational processes, while conversational chatbots empower small teams with small budgets to deliver 24/7 customer-first experience.
Smart homes, wearables, smart cities, smart grid, and industrial internet will be the most popular applications where as 5G connectivity will be the foundation on which IoT, big data, AR/VR, etcwill deliver immersive experiences.
The guide talks about the trends in the industry and focuses on Make in India. Coupled with favourable parameters such as a youthful population, increased domestic demand, and considerable return on investment, India is all set to emerge as an exciting new incubator for Industry 4.0. It also mentions that 25 sectors including pharmaceuticals, aviation, IT and BPM, automobiles and biotechnology are at the centre of the objective of India becoming a high-tech manufacturing hub with a 1 trillion USD manufacturing GDP, in no less than a decade.
