The country’s leading connectivity and collaboration solutions player for businesses, Tata Tele Business Services (TTBS) recently hosted the CXO Round Table Discussion with leaders from the manufacturing sector on digital adoption and emerging growth opportunities. Industry leaders from the sector deliberated onthe key technologies disrupting the manufacturing sector, overall adoption of the advanced and affordable technologies to build resilience and scale -up the growth quotient and make these manufacturing entities future ready.
The CXO talk is developed by TTBS as a platform where SMEs gather technological know-how, learn from industry leaders, gain ideas, and bring the community together for overall growth of the sector.
The Manufacturing sector in the SME segment has not been able to cope up in adopting advanced technology on account of lack of awareness, dynamic nature of digital technologies and lack of knowledge of inherent technological capabilities. At the same time, with digitization becoming necessary especially post pandemic, the sector is slowly changing their business model to adapt to the changing demands of their customers.
Sharing his ideas on the same, Manish Singh, General Manager, Tata Teleservices said, “Digitization of manufacturing infrastructure has not only helped firms to be resilient at the time of COVID-19 disruption but is also preparing them for a sustainable growth in the future. Application of industrial IoT is the highest among the manufacturing sector along with its subsequent connected industries such as transportation and logistics. At TTBS, we are holistically evolving the environment of manufacturing set-up in the country while providing niche tools integrated with advanced technologies like IoT, AI and Cloud. We are helping manufacturing firms to gain high-scale automation, easy monitoring, operational efficiency and cost-effectiveness.”
Connected devices are the core requirement in the digital journey, and no single sector will drive this uptake more than manufacturing. Every industry leader echoed the idea that Digital Transformation in the manufacturing space will only accelerate as manufacturing entities become more digitally agile and adopt new age technologies like AI, Industrial IoT and Cloud. Digital connectivity will gain momentum as businesses will highly depend on this and will adopt tools that connect their employees, operations, inventory, machinery, and customers.
Industry experts from multiple domains were seen joining the discussion – Mr. Neeraj Munjal, Director, Authentic Packaging Pvt Ltd; Mr. Alessandro Giuliani, Managing Director, SDA Bocconi Asia Center; Mr. Anil Goyal, Founder and MD, CapSavvy Consultants Pvt. Ltd.; Mr. Kaushik Chandra, Founder and CAO AtKonnect; Mr. Mayuresh Shilotri, COO, GreyAtom Edutech Pvt. Ltd.; Mr. Gaurav Dubey, Founder, Home of Marketing.
Mr. Neeraj Munjal, Director, Authentic Packaging Pvt. Ltd.
“In SME manufacturing segment bringing a change in mindset of the internal teams for digital adoption has been the biggest challenge.”
Mr. Alessandro Giuliani, Managing Director, SDA Bocconi Asia Center
“Digital technologies are here to stay, as robust business models. There is a huge disruption, upskilling of employees to digitization and identifying the right set of solutions for the organization is of key importance to remain competitive.”
Mr. Anil Goyal, Founder and MD, CapSavvy Consultants Pvt. Ltd.
“SMEs, in spite of initial resistance are now readily adopting technologies, but the complexity of solutions, security concerns etc become a hindrance in adoption and we require to educate the sector”
Mr. Kaushik Chandra, Founder and CAO – AtKonnect
“Adopting digital technologies has been clearly a winning strategy in the pandemic, but sustainability is key and it is important to bring about change and enhance skills of the team”
Mr. Mayuresh Shilotri, COO, GreyAtom Edutech Pvt. Ltd.
“Complete change in the business model from offline to online by adopting digital tools has helped education industry sustain in the new normal”
Mr. Gaurav Dubey, Founder, Home of Marketing
“Data privacy is a huge challenge faced by SMEs in the digital space”