Microsoft’s Future Ready Industry week, Manufacturing edition witnessed a confluence of diverse perspectives as industry leaders from leading conglomerates like L&T, Ashok Leyland, Vedanta, Adani Group, Asian Paints and Aditya Birla Group etc.

Key Insight from the Edition:

  • Creating a resilient supply chain while operating safely, agile factories and unlock innovation being and new services. The keynotes and dialogue focused on how Microsoft is focussing on empowering people and organizations to prepare for growth in the next decade.

 

  • Business priorities for manufacturing industry is on identifying new revenue streams along with digital offerings along with changing scheme of strategies which are increasingly customer centric, and data driven.

 

  • Industry research also reveals that 40% of Asian manufacturers will adopt an API led integration strategy to link applications on a single platform to improve agility and visibility across organizations by 2023. The above estimates substantiate the importance of application and data sharing with their ecosystem, which results in increased operational productivity. (Source: IDC*)

 

  • Training of workforce in terms of skilling and re-skilling is imperative for them to be agile became a major part of conversation along with importance of process transformation in enhancing the digital readiness of Indian manufacturers.

 

  • Moving data to cloud and reducing the carbon footprint rather than having own data centres is important to ensure end to end visibility across supply chain perspective. This shortens the turnaround time which in turn reduces emissions one of the points shared during the sessions.

 

  • Implementing digital innovation and transformation became the forefront for industry leaders. This included taking key decisions around introducing high-end technology solutions provider where utilizing technologies like IoT, Industry  4.0, AI, ML and various other tools and applications as well as platforms to envisage to get accurate data, to be objective about decision making.

 

Speaking on the occasion, Sashi Sreedharan, MD, Microsoft India said, “Microsoft aims to fulfill its mission of empowering every person and organization on the planet to achieve more, by helping customers and partners manufacture a more resilient and sustainable future. We are fueling the manufacturing industry’s digital transformation with technology and digital capabilities to unlock new efficiencies and future-proof business.” He further added, “Given the accelerated penetration of Industry 4.0 across the Indian manufacturing landscape, Microsoft is uniquely positioned to support our customers in their growth journey by connecting the intelligent, integrated cloud, and edge capabilities of the Microsoft platforms to deliver the highest value.”

(Image Courtesy: www. indiatv.com)

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