IT: The backbone of Indian economy to prosper exponentially
By MYBRANDBOOK
Kaushik Chakravarty
IT Head, DGM – IT
Rashmi Group
CIO priorities for 2022
The key priorities are:
· Consumer-driven manufacturing: Consumer demands shift just as fast as technology evolves, which makes it difficult for manufacturers to act quickly to provide in-demand products and services.
· Predictable, consistent supply chains: Manufacturers are dealing with a time of dynamic fluctuation in market supply and demand.
· Connected services: As technology enhances business operations, it is also changing what manufacturers can offer their customers.
· Smart factories: Also called digital factories or intelligent factories, smart factories incorporate highly automated and self-adapting equipment and machinery to enhance efficiency and flexibility.
· Industry 4.0 and the digital economy: We are living in the fourth industrial revolution, or Industry 4.0. While the third industrial revolution brought us the first digital technologies.
· Sustainability: Manufacturers are expected to deliver products at speed and scale around the globe, which inevitably puts pressure on our environment.
· Hyperautomation: Hyperautomation is powered by an orchestrated use of technologies like AI, sensors, machine learning, robotic process automation (RPA), low-code development platforms, and business process management (BPM) tools.
Digitization - opportunities galore
Digital transformation is a significant undertaking for any business, especially for manufacturers with manual processes, legacy systems, and siloed operations and data.
Technology & Brand amalgamation
Aligning marketing operation programs are the foundation for profitability and growth which can help to build and deliver an effective strategy based on market-insights and technology that meets the needs and capabilities for business.
IT: The Future of India
Information Technology not only contributed to the economic growth of the country but it has also made governance more competent and approachable. It has made management and delivery of government services – such as health services, educational information, consumer rights and services etc. more meritorious with enhancing transparency. The IT industry is the backbone for our economy to prosper exponentially.
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