“Technological disruption is an opportunity and not a threat.”
By OEM Update Editorial September 11, 2018 4:17 pm IST
Indian manufacturers are at the brink of a technological transformation that is changing the way we work and communicate with each other. While manufacturing landscape is evolving rapidly, it is important for SMEs to learn and understand how global players are driving innovation, creating efficiencies and capturing value to thrive in a connected ecosystem. In this context, the Ethernet POWERLINK Standardisation Group organised the 4th edition of the ‘Smart Industry Conference’, which was partnered by ABB India, Unlimit IoT- A Reliance group company, HyperThings and B&R Industrial Automation.
The conference provided a deeper insight on various aspects such as digitisation in manufacturing, robotics, connectivity, technological trends and business-model transformation. It also addressed software aspects in connection with smart systems providing delegates with a thorough understanding of this pertinent subject. In addition, it also tried to answers questions such as what could be the easy and low risk path helping manufacturers adopt and harness technological change and tackling implementation challenges effectively.
The conferences offered a mix of keynote address, technical presentations, panel discussions and demos, which looked at the different areas of building smart machines and factories. During the keynote presentation, Neeraj Singh, Director – Management Consulting, KPMG Advisory Services Private Limited said, “Technological disruption is an opportunity and not a threat. Digital transformation promises a remarkable change in the way manufacturers operate, with far-reaching effects on business and industry models.” He highlighted five key success factors for early adopters; start with performance, not with data or technology; strive to optimise performance; there is no need of perfect data to get started; Focus on RoI and paybacks and collaboration for success.
This was followed by the presentations from, Alok Maheshwari, R&D Manager, BU Machine & Factory Automation, ABB India on ‘Factory of the Future and the robotic automation’ and Sameer Kudalkar, PFA Sales – Mumbai region, B&R Industrial Automation on ‘Role of Edge architecture enabling ‘Smart Factories’.
“Technological disruption is an opportunity and not a threat.”Neeraj Singh, Director, Management Consulting, KPMG Advisory Services at 4th edition of the ‘Smart Industry Conference
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