CMS IT Services recently released a CXO guide entitled ’Staying competitive in the post-pandemic decade’ has come out with their second edition. The guide’s second edition 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.
According to 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.”
He further added that in the manufacturing industry, Smart manufacturing is the buzzword which will transform this sector. This will deliver real-time decision making, enhanced
productivity, flexibility, and agility.
The CXO guide exemplifies technologies of the year 2022 that will shape the manufacturing industry. The technologies include
- Zero Trust architecture – Fortification of endpoints and a Zero-Trust posture is imperative
Cloud – Intelligent workload management and operational stability through custom cloud configurations is the way forward
- Hyper automation – organizations will lower operational costs by 30% by combining hyperautomation technologies with redesigned operational processes
- Conversational AI – chatbots empower small teams with small budgets to deliver 24/7 customer-first experience
- IoT everywhere -Smart homes, wearables, smart cities, smart grid, and industrial internet will be the most popular applications
- Intelligence at the Edge – AI at the edge allows mission-critical and time-sensitive decisions to be made faster, more reliably and with greater security
- Data – The velocity and quality of data enables businesses to think less sequentially and more disruptively.
- 5G connectivity –the foundation on which IoT, big data, AR/VR, etcwill deliver immersive
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.