Digital is now the new way for India Inc. Smarter enterprises are collaborating more on digital platforms. Technology disruption has changed the thought process of industries. Today, technology is the main enabler for sustenance of organizations; collaboration platform is a new normal for reducing risk and gaining competitive edge. In this new industry scenario, ‘smart’ and ‘connected’ are two of the most important keywords; the power of information and communication technology (ICT) is being progressively realised as every facet of modern-day society is becoming digitally connected and data-driven. Indian business leaders are digitising crucial functions and are now focused on driving revenue and operational efficiencies by adopting Industry 4.0 or the fourth industrial revolution.
Industry 4.0 is now a part of every boardroom’s agenda. Convergence of advanced connectivity, cloud computing, sensors, 3D printing, intelligent algorithms and the Internet of things (IoT) are playing a major role to transform businesses models. Companies’ usage of artificial intelligence (AI), to understand predictive nature of data is the new enabler to create a smarter connected world.
Cognitive computing models provide a realistic roadmap to achieve artificial intelligence and AI promises to give machines the ability to think. Once these are perfected, we will see a sea change in industry processes.
In light of all the factors mentioned above, this report, prepared by CII and PwC explores the following aspects of digitisation:
- Smarter enterprises and opportunities in the new and smarter digitised world
- Building cognitive business models in manufacturing, healthcare and automotive sectors
- Information security post digitisation
- Considerations for future workforce
It was unveiled at the ICT East 2017 on 7th September.