Tech Leaders Pave way for the Convergence of IT & OT at Future Factory India Confex 2019
MUMBAI, March 19, 2019 /PRNewswire/ —
Tech experts from Tata Communications, Bosch, Infor, Microsoft, Unlimit (A Reliance Group Company) and Software Technology Parks of India converged at the Future Factory India Confex 2019 in Mumbai to discuss the convergence of IT & OT and the many changes brought about by emerging digital technology in the smart manufacturing landscape. Discussions by digital technology enablers and innovators in IIoT, M2M, AI, Blockchain, hardware independent augmented reality reigned the two-day Confex that was held on 11-12 March 2019 at the Bombay Exhibition Centre in Mumbai drawing 134 attendees.
Inaugurating the two-day Confex, Dr. Omkar Rai, Director General, Software Technology Parks of India announced: “As the largest outsourcing nation, India holds 56% of the share of global outsourcing of tech services. The nation holds the position to empower and enable migration to industry 4.0. To support this vision, government of India has announced NPSP 2019 policy (National policy on Software) which aims to make India move beyond an IT service nation and make it a technology product nation. Overall market size for technology product is USD 445 billion whereas India’s share currently is only 7.1 billion. Through this policy and subsequent measures, India aims to capture 70-80 BN market share by 2025 – both through domestic and export technology requirements.” He further added, “Messe Frankfurt has once again put up a focused exhibition and conference where there is lot information that will be exchanged on developments that fuel industry 4.0. I urge the industry to exchange ideas and information here at Future Factory India and create an eco-system for Indian entrepreneurship.”
Discussing the challenges in adopting IoT, Mr. Dattatri Salagame, Head – Digital Business, Robert Bosch Engineering and Business solutions, shared, “Most enterprises get stuck in ‘Digital Dilemma’. Managements and businesses are focusing on ROI rather than long-term sustainability of the model. We want to ensure simplification of digital processes to drive efficiency and enable business design.” The Indian subsidiary of Bosch had on display a multiple range of solutions in IoT, AI, Automation, Data Analytics etc. at the two-day business event and undertook live demonstrations of their solutions for digital supply chain management.
Emphasising on connected solutions for future factories, Mr. Kishore Suprabha, General Manager – Business Development, Unlimit said, “25% GDP share is projected to be contributed by the manufacturing sector by 2022. Everything will be connected. Defining an Industry 4.0 strategy within the ambit of one’s business environment that is most probable should be integrated into enterprise strategy going forward.” A Reliance Group Company, Unlimit had on display their key innovation Ocupro – a visual inspection for quality product offering alongside demos running for OmniP & OmniC IoT platforms, asset and production management and predictive maintenance solutions.
“While 81% early AI adopters prioritise new revenue potential over cost reduction; 91% enterprises expect AI to deliver new business growth by 2023,” shared Mr. Virendra Chaudhari, Intelligent Cloud, IoT Global Black Belt, Microsoft at his session on Collaborate to Innovate. The joint session by Microsoft and together with Chief Digital Officer Mr. Poorav Sheth introduced to the audience an interesting case study on how the tech-giant has collaborated with Piramal Glass for real time manufacturing insights and the need for partnership for operational effectiveness.
Mr. Shyamanta Sharma, Sr. Manager – IoT Business Unit, Tata Communications said that the company has set up one of the largest dedicated IoT network in India to provide end-to-end solutions around the factory be it safety, lighting, energy management and more. The company which was also present at the Confex displayed innovations in industrial IoT devices including load protect, ModBus to Lora and worker safety wearables which gained attention.
Day two of the Confex brought forth an exciting mix of tech-innovations by STPI start-ups such as Unisoft Systems, WITS Interactive Pvt Ltd, World Vision Infotech Pvt Ltd, Lexicon Networks India Pvt Ltd showcasing new solutions that made their market entry in 2017-18. Among the highlights were Go Phygital AR-VR Solutions for enhancing customer experience, and Order Management systems for businesses.
With changing times, businesses are preparing for the transition of their organisations to the converging, aligning and integrating of IT and OT environments. Concluding the panel on what will comprise the essential components in the smart CXO’s tool kit, Mr. Sharad Nigam, Principal Consultant – Industry X.0, Accenture Management Consulting said, “Artificial Intelligence and Machine Learning together with IoT will be the most important technologies for the factories of the future.”
“It is important to capture Data through the three step process of people, machine and decision making,” he concluded.
Organised by Messe Frankfurt Trade Fairs India Pvt Ltd & Thinc India, co-hosted by Software Technology Parks of India and supported by MIDC (Maharashtra Industrial Development Corporation), the two-day Confex paved the way for collaboration and integration between OT and IT leaders on one platform.
For more details, please visit: www.futurefactoryindia.com
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Messe Frankfurt is the world’s largest trade fair, congress and event organiser with its own exhibition grounds. With more than 2,500* employees at 30 locations, the company generates annual sales of around €715* million. Thanks to its far-reaching ties with the relevant sectors and to its international sales network, the Group looks after the business interests of its customers effectively. A comprehensive range of services – both onsite and online – ensures that customers worldwide enjoy consistently high quality and flexibility when planning, organising and running their events. The wide range of services includes renting exhibition grounds, trade fair construction and marketing, personnel and food services. With its headquarters in Frankfurt am Main, the company is owned by the City of Frankfurt (60 percent) and the State of Hesse (40 percent).
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*preliminary figures 2018
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