Decoding Technology for S&OP Strategy and Execution
The functioning of an enterprise begins with the strategic planning process. Post the strategic planning exercise every organization goes through the Sales and Operations Planning (S&OP) process. Read this blog to this to find out the importance of S&OP
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Derive Business Outcomes through IT: Accelerate your IT/OT convergence strategy with Plant WorkBlaze
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Bridging the IT/OT chasm: making the move to digital manufacturing with HCL's Plant WorkBlaze
Nov 09, 2020
Bridging the IT/OT chasm: making the move to digital manufacturing with HCL's Plant WorkBlaze
The Internet of Things (IoT) was the most hyped technology of 2014 according to Gartner, and it’s easy to see why. Cisco’s recent IoT study suggests that the number of connected devices is expected to grow to 50 billion by 2020, leading to a global economic impact of $10 trillion.
Dynamic changes in legislation, patent expiry of block buster drugs, and increasing healthcare costs call for significant changes in the global pharmaceutical industry. These changes are driving pharma companies to explore pharmerging markets for personalized medicines, biopharmaceuticals and biosimilars, which are opening up opportunities for further growth.
The cities have always been at the center of pollution and have been criticized for not taking into consideration the environmental impact of today’s actions like improper Municipal system, Energy wastage, uncontrolled pollution, cutting down trees, improper traffic system, etc. Recently, this is shifting a bit with the advent of smart cities. The idea behind a smart city is to provide high-quality and sustainable living by using the Internet of things, data, and sensors etc.
So, what are smart city projects, or what are the things that make a city smart?
We live in the digital era where everything is connected, and there is exponential growth in available information. But are the industries equipped enough to handle that information effectively? Are they capable of making real-time decisions and demand forecasting? Are the costs of production any lesser? Most importantly, are they equipped to handle the cultural changes associated with it?
This blog talks about the elements and drivers for an IT/OT convergence from an industry point of view and details out five essential key considerations for successful IT/OT integrations.
In the new world order, true frugal innovations will be the key to survival. It is important to note that frugal innovation does not mean compromising on high-end features of the product or service to reduce total cost of ownership. To the contrary, frugal innovation means being able to offer superior digital experiences, complete with all features, at a price point that is affordable. For example, it does not count as a frugal innovation when you sell a car with airbags fitted only for the front seats. True innovation is when you can still manufacture and sell a feature-rich car (any product or service for that matter) at a price that the market can afford. In India, heart diseases are highly prevalent and is the leading cause of mortality (one in four deaths in India). Even though demand for heart pacemakers is high, the market used to be very small due to lack of affordable prices. Thanks to frugal innovation from companies like Medtronic and other Indian startups (Medived) the full feature product was developed at a price the Indian market can afford. And as a result, this market has seen exponential growth in the recent years.
The future of manufacturing is already here, but most companies lack the right talent, and often fail to define roadmaps for transformation while ensuring business continuity. HCL’s engagement model ensures that your solution is built in a ground-up fashion, while creating a milestone-driven top-down inter and intra-organizational synergy stimulated by the right touchpoints. Thought leaders concur on the need for inter-departmental initiatives and conversations for nailing the outcomes of an IT/OT convergence strategy. HCL takes this further, and packages the transformation into a collaborative define-build-run framework, that accelerates your enterprise towards the Manufacturing 4.0 paradigm.
