Conditions exist for intelligent industry to take shape in India: Anand Chandramouli
The Hindu
Software is driving paradigm shifts for all industries, transforming operations and enabling the emergence of connected products thereby blurring the lines between virtual and physical worlds. Capgemini, with its knowledge and global expertise, can accelerate three big changes: Digital Inside, Digital Continuity, and Digital Convergence to drive the intelligent industrial revolution in the market place, claims Ananth Chandramouli, MD - India Market, Capgemini. Excerpts.
Intelligent Industry, for Capgemini, is about leveraging synergies between digital and engineering to develop smart products, operations, and services at scale. It means harnessing the power of data to foster innovation, make new and differentiated products, improve supply chains, create new customer experiences, and deliver new sources of value. The future of digital transformation is characterised by the growth and convergence of products, software, data, and services across industries.
The unimaginable amounts of data and the continuous collection, flow, and analysis of the data at scale can help companies find insights to improve operational performance, reliability, and autonomy, bring new innovations to market faster, and deliver intelligent products and associated new services, and customer experiences.
The prerequisites do exist and the context is ready. For instance, some 80% of enterprises in India who participated in a Capgemini study agreed that different organisational functions such as R&D, production, sales, etc worked in silos.
For enterprises to scale up, these risks need to be mitigated. They should start initially exploring and gaining confidence in the viability, feasibility, and desirability of the intelligent product or service before starting a more cost-intensive detailed design and development effort.
An organisation-wide culture of innovation must be nurtured, as well as newer, agile ways of working by coordinating not only with the central innovation team but consider an open and continuous innovation strategy across business and functional units.
Organisations must have a centralised independent entity with a mandate to decide on identification and ideation of new use cases for intelligent products and services. This set up also would aid in a unified, coordinated growth strategy, benefiting from a bird’s eye view of all the initiatives and improve success rates.
Capgemini is a frontrunner in Intelligent Industry, and we deliver holistic digital transformation for large industrial and technology companies.
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