"In a connected world there are no fullstops, only a series of commas. When we say Industry in Transition it is a period in time; it is like a giant wave that will soon engulf all aspects of doing business"
In an interview to A&C TODAY, Mr. Raman, M.D (ARC Advisory Group, India) had updated about the upcoming ARC's Thirteenth India Forum "Industry in Transition: The Information Driven Enterprise for the Connected World", Internet of Things (IoT), Connected Enterprises modern technologies, Make in India campaign and growth of India's manufacturing industry. Excerpts from interview
In what way will ARC’s Thirteenth India Forum “Industry in Transition: The Information Driven Enterprise for the Connected World” be equivalent to the last India forum. Please tell us the brief agenda of the upcoming forum.
Mr. G. Ganapathiraman: In a connected world there are no fullstops, only a series of commas. When we say Industry in Transition it is a period in time; it is like a giant wave that will soon engulf all aspects of doing business. The topics that were discussed at the last India forum have now gained momentum and the upcoming forum will highlight the subsequent trends and developments.
The agenda has been formulated in such a manner that the topics covered at our forum will be of relevance to both end users and suppliers. Presentation topics will cover the gamut from Automation and Enterprise Trends; Advancement in Control Strategies; Energy Optimization; Strategies to Achieve Asset Performance Management; Operational Excellence and Cybersecurity; and Strategies for Growth.
What will be the scale of industry/end user participation at ARC’s Thirteenth India Forum and why?
Mr. G. Ganapathiraman: We expect a large turnout for our forum. Previous records show that our forums attract 250-300 delegates. It is a much anticipated event for industry executives and technology solution providers in the process and discrete industries. To answer the “why” part of your query: ARC’s two-day forum provides an appropriate networking platform for key decision makers and thought leaders to share their experiences and insights on best practices, strategies, and technologies, along with suppliers of automation systems, enterprise solutions, and manufacturing IT solutions. The knowledge transfer will come from case study presentations, panel discussions, workshops, and peer-to-peer networking.
ARC presents highly informative sessions on the latest trends and technologies by industry executives and ARC analysts. This approach enables you to learn what’s topical and cost-effective from industry thought leaders and decision makers.
Your opinion about “Make in India” campaign and how India’s manufacturing industry can multiply these initiatives on the global turf to compete with China’s manufacturing industry?
Mr. G. Ganapathiraman: This is a good measure to put India's manufacturing sector on the global map. These initiatives can be multiplied if all stakeholders are actively involved in the decision-making process. Global companies like Siemens have reaffirmed their commitment to Make in India.
India is this year’s Hannover Messe Partner Country. According to Dr. Jochen Köckler, member of the Deutsche Messe Managing Board, "India is an emerging economic giant which is going to open up enormous sales potential for our German and international exhibitors at Hannover Messe."
If India emerges as a manufacturing hub then the country will no longer be import dependent. The government is taking measures to make the business climate investment-friendly and this will ensure that goods are indigenously manufactured. Why just with China? If it plays its cards right, then India can compete with any country in the world.
The rise of the Internet of Things (IoT) how has it been driven by convergence of market forces and innovation of enabling technologies in the process industry?
Mr. G. Ganapathiraman: The transformation of the manufacturing sector has begun. Internet of things (IoT) is the next big thing for industrial enterprises and is all about being collaborative. The industrial internet revolution is taking place due to the convergence of automated industrial systems with the power of advanced computing, analytics, low-cost sensing and new levels of connectivity permitted by the internet. The deeper interlocking of the digital world with the world of machines holds the potential to transform the global industry, and in turn many aspects of daily life, including the way many of us do our routine tasks.
These innovations promise to bring greater speed and efficiency to industries as diverse as aviation, power generation, oil and gas, railways, and health care delivery. It holds the promise of stronger economic growth, better jobs, and raising living standards.
Internet of Things (IoT) and Connected Enterprise technologies adoption are essential for increasing safety of the plant, people and assets - how can industry use modern technologies for the plant, people, assets and the future of manufacturing?
Mr. G. Ganapathiraman: Connected enterprises are a reality today and early adopters have realized the benefits. When everything is connected things or machines talk to each other and to the users asking for repair or replacement or simply conveying information about their health. This impacts the way businesses work today - zero downtime, enhanced productivity, optimized resource utilization, and improved profitability are key benefits derived from this concept.
"This is a good measure to put India's manufacturing sector on the global map. These initiatives can be multiplied if all stakeholders are actively involved in the decision-making process. Global companies like Siemens have reaffirmed their commitment to Make in India"
The Industrial IoT promises improved performance of manufacturers’ service operations through remote connectivity as well as incremental connectivity-based revenue streams that represent entire new opportunities. Clearly, the value proposition for the IoT opportunity extends beyond simple connectivity into the ability to build new products and services and achieve competitive differentiation – and this paves the way for the future of manufacturing.
India is seen as a bright spot in the global economy, how do you see the economy's performance?
Mr. G. Ganapathiraman: The last nine months have re-established the credibility of India's economy, reinstating investor confidence. Measures such as the e-Biz Portal facilitate ease of doing business in India as it integrates 14 regulatory permissions at one source.
The fiscal roadmap, good governance, promotion of agriculture, and robust investments in education, health care, infrastructure, defense, woman and child welfare, and rural development activities including MGNREGA (Mahatma Gandhi National Rural Employment Guarantee Act) formed the backbone of the Budget. The government is taking steps like Skill India, Digital India and Make in India to put India's manufacturing sector on the global map.
India is now at the unique position when all factors are well-aligned for that quantum jump to accelerate the development process: a stable Government, a large consumer base, improved investor sentiment, and private players waiting to enter the market.