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
Mar 16, 2020
Smart Factories: Cobots and Connectivity Revitalizing Human Relevance en-route to Industry 5.0
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.
HCL’s Xpand 4.O is a complete Digital Engineering offering, based on the 3 pillars of connected design, connected factory, and connected products & services, sets about doing 2 things – leveraging existing customer infrastructure to optimize investments while simultaneously generating new revenue streams through engineering analytics and data. Built on strong Engineering DNA, coupled with a consulting-led, technology-driven, and implementation-focused approach, Xpand 4.O delivers phenomenal, connected experiences to global enterprises and their customers.
In his book, 21 Lessons for the 21st-century, the historian Yuval Noah Harari, highlights the complex challenges that mankind will face, on account of technological challenges intertwined with issues like nationalism, religion, culture, and calamities. In the current industrial world hit by a worldwide pandemic, we see this complexity translate to technology, systems, organizations, and the workplace.
Find out how new-age technologies like AI, ML, big data, and of course, industrial IoT, can be used for effective management of complex workforce problems in a factory, thereby changing the way people work and interact– especially in this COVID-19-stricken world. Read on here.
COVID-19 has brought a change that might just be here for some time. The new norm of social distancing has impacted the way we travel. Things have changed and airlines, being one of the foremost industries that have got impacted, need to think of ways to bounce back. World Economic Forum says that restrictions on international flights will cost the industry an alarming $880 billion. Difficult times call for serious introspection and re-calibration. As an earlier adapter to change, airlines should build assurance for both travelers and employees to handle this.
Since the emergence of COVID-19 as a global pandemic, the world has witnessed a rising rate of cyber-attacks. In fact, in just one month, the number of attacks against the WHO doubled, with more than 2,000 malicious websites being launched every day. Soon after, the victims of cyberattacks began to include hospitals and vaccine research facilities. And amongst all this chaos, we also observed that malicious threat actors began targeting industrial infrastructure – a most grave threat during a time of crisis.
Transportation restrictions imposed by various governments all over the world, have severely disrupted global supply chains. Challenges in manufacturing, procurement, distribution, and retail are on the rise, leading to major problems in certain sectors. Adding to this, there are consumer related problems where hoarding of essential goods has put unnecessary pressure on the already-vulnerable supply chain. However, the current scenario of uncertainties might lead to businesses leveraging digital technologies, to rebuild the crumbled. Intelligent procurement, and supply chain management and simulation through intelligent automation and analytics, might show the light in delivering business value in the post-COVID world.
Product recall is an expensive proposition for the automotive sector. A solution based on blockchain consortium eliminates this issue by providing a comprehensive ledger version at a VIN level across the automotive value chain. Comprehensive regulatory reporting also gains expedition. The technology also promotes data security among stakeholders. Car manufacturers can maintain a tamper-proof log of crucial records and identify vehicles that require recall in no time. Software complexity and distributed sources of firmware/ECU are some other challenges plaguing the sector. Automotive ECU linkage is a proactive solution in this case. It enhances authentication, offers long-term sustainability, and smooth operational efficiency for the sector.
