MANUFACTURING IS THE backbone of economic development, and India aims to become a global manufacturing hub by 2047. While technology will be a part of this journey, it has to be the right fit. “Technology must work for business,” says Jayanta Banerjee, Tata Steel’s Group Chief Information Officer (CIO), emphatically. That’s not easy to accomplish amid a tech disruption when there are constant discussions on smart manufacturing and the high investments involved.
That said, shop floors across manufacturing firms have undergone a remarkable transformation thanks to the disruption. At Tata Steel, for instance, the entire agglomeration operation—a type of conditioning of iron ore before it makes its way to the blast furnace—is now done by people sitting in an air-conditioned room in Jamshedpur through an array of LED screens. “Our mines are 350 km away, but it hardly matters,” says Banerjee, adding that in the future, more work will take place remotely, with fewer people on the shop floor.
While terms such as AI, Gen AI and ML are a part of the lexicon now, the challenge is to make them relevant to the manufacturing process, say experts. “Technology will not replace human excellence… but competence levels vary across the workforce,” says Banerjee, adding that AI’s role is to remove that variability.
However, the western template of Industry 4.0 (replacing humans with automation) will not work in India since livelihoods stand to be affected, say experts. Instead, one must bring in effectiveness with empathy; instead of knocking off a part of the workforce, one can upskill them, say experts.
FROM THE PRESENT TO THE FUTURE
هذه القصة مأخوذة من طبعة September 15, 2024 من Business Today India.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة September 15, 2024 من Business Today India.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
"Attitude Decides Altitude"
BEST ADVICE - RAJNEET KOHLI, CEO & EXECUTIVE DIRECTOR, BRITANNIA INDUSTRIES LTD
"FOR RATAN TATA, IT WAS ALWAYS NATION FIRST"
Thomas Matthew, former IAS officer, on his new biography of Ratan Tata, the late Chairman Emeritus of Tata Sons
"RADICAL CHANGE NEEDED TO IMPROVE URBAN INFRA"
K.P. Singh, Chairman Emeritus of DLF, on the dynamic nature of the real estate sector, challenges in urban planning, and more
REDEFINING AMBITION
Shashikant Ruia was a visionary entrepreneur who navigated challenges with resilience. He leaves behind a rich legacy of ambition and leadership
ON THE WILD SIDE
LOVE WILDLIFE BUT DON'T WANT TO GIVE UP ON THE FINER THINGS WHILE ON A TRIP TO SPOT ANIMALS? CHECK OUT THESE LUXURIOUS WILDLIFE RESORTS FOR THE HOLIDAY SEASON
"India is the only market globally with substantial growth"
RHI Magnesita CEO Stefan Borgas on the company's M&A strategy, why India is important, the way ahead, and more
FRESH ON THE STREET
IPOs have come back with a bang in 2024, with a record ₹1.3 lakh crore raised till October. As a result, many newly-listed firms have made it to the BT500 list
RIDING THE WAVES
The shipping industry is on the brink of a transformation. Beyond government support and technological advancements, what are the other driving forces and emerging trends that will define the landscape in 2025?
HOME RUN
After a decade-long slowdown, India’s real estate market reached its highest decadal sales level in the first half of 2024
In Pursuit of Good Health
The past year has been eventful for the Indian pharma sector, with some companies witnessing growth, and some challenges. The outlook for the sector, however, remains positive