Two days industry seminar of ARC Advisory Group's 16th India Forum for general managers, and other senior managers for the process and discrete industries, “Digitizing and Securing Industry, Infrastructure, and Cities” was held at Bangalore on 5th and 6th July 2018, Bangalore, India. This two days industry seminar was attended by Dr. A. Prakash. Industrial companies are revisiting their own business processes and technology approaches as competitors and partners start to employ 'digitalized' business processes and exploit the increasing convergence between operational technology (OT) and information technology (IT) on the manufacturing shop floor to top floor – (General Managers, COOs, CTO, CMO, CFOs, CEOs). Technology solution providers are moving from the Internet of Things (IoT) concepts to real Industrial Internet of Things ( IIoT) products, solutions, and services.
Companies are creating and implementing IoT (Internet of Things) solutions as an alternative solution to traditional technology solutions. Emerging business models allow manufacturers to rethink, or even outsource. Intelligent connected products, along with network communications, software, and analytics now enable manufacturers to improve uptime and optimize operating performance. Governments are also supporting growth initiatives.
The seminar focused on the level of how digitization can help industries, infrastructure, and cities grow in a secure, collaborative environment. The digitization has become imperative to succeed in a competitive world but the transition must be well strategized, implemented and to practice. The transition aspect of digitization was discussed through extensive networking among delegates, end users, and solution providers. Business pressures are driving manufacturers to implement new technologies, processes and become real-time integrated enterprises. The organizations plan and operate in collaboration at all functional areas & levels. Some companies already have a strategy for digital transformation, along with achievable roadmap.
The session topics covered industry and infrastructure moving towards digitization; automation trends, cybersecurity; smart technologies and smart cities; and several end-user experiences. On both days there were lively and thought-provoking question and answer sessions with the speakers.
Presentations at the recent ARC India Forum emphasized on Industry trends, its impact that digitalization has on business and industrial operations. It is now imperative for manufacturers to have a well-planned digitalization strategy for projects. The company believes that manufacturers and other industrial organizations must transform their businesses into digital enterprises and need to extend across the entire value chain.
Case studies of Collaborative efforts of two suppliers companies namely AVEVA and Bentley Systems were presented. The AVEVA Group focused on the completion of its merger with the industrial software business of Schneider Electric in 2018. The Bentley Systems is about the company’s connected data environment approach – the key differentiators, user success stories, collaborations, and clients in India.
The supplier companies speakers shared their experiences about collaborative efforts and platforms to help companies progress to the next level of digitization. In turn, end-user speakers highlighted partnerships and implementing new technologies that have helped them in their respective digital transformation efforts. It was all about growth through the collaboration of cross-functional groups’ use of technologies, people, processes, and best practices.