"EMBRACING DIGITAL TRANSFORMATION WILL BECOME IMPERATIVE FOR PLAYERS"
The Machinist|July 2023
Unlocking the potential of digital technologies in the manufacturing sector is essential for businesses to thrive in today's highly competitive market. Rakesh Prasad, Senior Vice President of Strategy and Solutions at Innover, sheds light on how the company has successfully fostered the adoption of digital technologies in manufacturing, empowering businesses of all sizes to drive innovation, efficiency, and growth in an interview with Dipika Lalwani
Dipika Lalwani
"EMBRACING DIGITAL TRANSFORMATION WILL BECOME IMPERATIVE FOR PLAYERS"

How has Innover inculcated the adoption of digital technologies in the manufacturing sector, and what are some of the strategies you have implemented?

Making use of digital and analytics technologies, Innover is transforming the operations of manufacturing businesses and enabling them to remain competitive in today's rapidly evolving digital landscape.

We have successfully implemented various digital and analytics strategies into the manufacturing processes of leading global enterprises. By harnessing data from diverse sources, we provide valuable and actionable insights. These real-time insights help them to monitor and optimise activities, ensuring uninterrupted operations and efficiency. We have developed sophisticated analytics platforms that gather, cleanse and analyse data from sources within manufacturing facilities to drive accelerated value. The insights from the data provide visibility into production, supply chain, and quality control processes.

Moreover, we integrate AI/ML, IoT, Digital Twins, and Intelligent Automation to connect machines, devices, and sensors across the manufacturing ecosystem, facilitating data exchange and communication. This enables real-time monitoring, predictive maintenance, and quality control of manufacturing equipment. The infusion of automation leads to improved productivity, minimised downtime, and enhanced operational agility. Our industry-centric solutions continuously adapt to new information, enabling decision-making and future-oriented strategies.

How has Innover used AI/ML to combat issues including those of forecasting SKUs, demand predictability and machine breakdowns?

This story is from the July 2023 edition of The Machinist.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the July 2023 edition of The Machinist.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM THE MACHINISTView All
SIMPLE AND SECURE NETWORKING: UMATI CONNECTS THE MACHINE PARK AT UNITED GRINDING
The Machinist

SIMPLE AND SECURE NETWORKING: UMATI CONNECTS THE MACHINE PARK AT UNITED GRINDING

The UNITED GRINDING Group serves a diverse customer base, ranging from small businesses to large corporations, across industries including automotive, aerospace, tool and die, and precision mechanics.

time-read
2 mins  |
October 2024
OUR AI-ENABLED PLATFORM ADDRESSES THE CHALLENGES POSED BY THE RETIRING WORKFORCE
The Machinist

OUR AI-ENABLED PLATFORM ADDRESSES THE CHALLENGES POSED BY THE RETIRING WORKFORCE

In an interview, Vivek Joshi, Co-founder and CEO of Entytle, discusses their Al-enabled platform addressing OEM workforce challenges by automating the knowledge of retiring employees, reducing reliance on slow recruitment. He also explains how the platform preserves institutional knowledge, cleans and unifies data, and identifies growth opportunities, mitigating risks from unfilled positions.

time-read
4 mins  |
October 2024
INDIA'S DEFENCE EXPENDITURE AND DEVELOPMENT: FROM INDEPENDENCE TO ATMANIRBHARTA
The Machinist

INDIA'S DEFENCE EXPENDITURE AND DEVELOPMENT: FROM INDEPENDENCE TO ATMANIRBHARTA

India’s journey from a nascent post-independence state to a burgeoning global power in defence is a testament to strategic foresight, policy perseverance, and the indomitable spirit of self-reliance. Over the decades, India has gradually shifted from reliance on foreign defence supplies to fostering a robust indigenous defence manufacturing sector, aligning with the broader vision of Atmanirbharta.

time-read
4 mins  |
October 2024
ADI'S VISION FOR BMS GOES BEYOND MANAGING BATTERY CHARGE
The Machinist

ADI'S VISION FOR BMS GOES BEYOND MANAGING BATTERY CHARGE

Analog Devices India ADI) is pioneering advanced battery management systems (BMS) that revolutionise e-mobility. Vivek Tyagi, Managing Director, Field Sales at Analog Devices India, shares the company’s vision for BMS in electric vehicles and its R&D efforts in India.

time-read
3 mins  |
October 2024
NEW DEVELOPMENT BENCHMARKS IN MILLING
The Machinist

NEW DEVELOPMENT BENCHMARKS IN MILLING

A look at recent advancements from ISCAR that will have profound impacts on the future direction of milling.

time-read
4 mins  |
October 2024
WE AIM TO DOUBLE OUR REVENUE TO RS 6,500 CRORE BY 2025
The Machinist

WE AIM TO DOUBLE OUR REVENUE TO RS 6,500 CRORE BY 2025

Kirloskar Oil Engines Ltd. KOEL), a dominant player in diesel engines and generator sets, is setting its sights on doubling its revenue from Rs 3,200 crore to Rs 6,500 crore by 2025. As the company marks 75 years in the industry, in an exclusive interaction, Rahul Sahai, CEO, Kirloskar Oil Engines Ltd KOEL), reflects on its legacy and ambitious plans. With a strong market share of 30 per cent in the diesel generator market, KOEL’s success is rooted in continued investments in technology and infrastructure. Edited excerpts:

time-read
8 mins  |
October 2024
TRITON WILL BE RS 500 CR COMPANY IN THE NEXT 3-5 YEARS
The Machinist

TRITON WILL BE RS 500 CR COMPANY IN THE NEXT 3-5 YEARS

In an interaction Jitendra Srivastava, CEO, Triton Logistics Maritime Private Limited spoke about the company’s plans, collaboration and technology adoption in the logistics sector. Edited excerpts...

time-read
7 mins  |
October 2024
LEADING THE TRANSITION TO A GREENER, MORE EFFICIENT FUTURE
The Machinist

LEADING THE TRANSITION TO A GREENER, MORE EFFICIENT FUTURE

In an interview with Saishree Mohanty, Anirudh Bhuwalka, CEO of Blue Energy Motors, discusses the company’s efforts to revolutionise India’s trucking industry with LNG-powered vehicles, sustainability initiatives, and future growth plans.

time-read
3 mins  |
October 2024
UNVEILING THE PATH TO AI-DRIVEN MANUFACTURING EXCELLENCE IN INDIA
The Machinist

UNVEILING THE PATH TO AI-DRIVEN MANUFACTURING EXCELLENCE IN INDIA

As the industry delves into AI and cloud computing, the article explores the many challenges and opportunities that will influence the future of Indian manufacturing.

time-read
3 mins  |
October 2024
DIGITALISATION AND THE POWER OF SAAS FOR SMALL AND MEDIUM ENTERPRISES
The Machinist

DIGITALISATION AND THE POWER OF SAAS FOR SMALL AND MEDIUM ENTERPRISES

As small and medium enterprises SMEs) face increasing pressure to innovate and accelerate time-to-market, adopting digital transformation is crucial. Leveraging Software as a Service SaaS) offers SMEs an affordable, scalable solution to streamline operations, boost productivity, and remain competitive in today’s fast-paced market.

time-read
3 mins  |
October 2024