ARC Advisory Group’s 14th India Forum for process and discrete manufacturing industries attracted close to 270 delegates from 7-8 July.
Themed ‘Industry in Transition: Navigating the New Age of Innovation’, the event focused on how the industry is transitioning through constant changes in terms of new and innovative technologies. It highlighted that only those companies that can navigate through all the available information and technologies and effectively implement them will emerge successful.
In today’s marketplace innovation is the buzzword, and this innovation is not confined to just product changes. It encompasses innovation at all levels of the value chain from the shop floor to the end user. It is about becoming collaboratively networked enterprises, managing dispersed centres of technology, engineering, production and resources. ARC Advisory Group’s two-day forum was structured to disseminate information and provide end users, solution providers and decision makers with an opportunity to network and get an overall view of the market and its requirements.
Industrial growth hinges on effective networking and collaborating, and ARC forums provide the right platform and visibility to all attendees. New technologies, such as cloud computing, mobility, social technologies, the industrial internet of things, big data and analytics, and digitalisation have now taken centre stage, hence most of the presentations at the forum emphasised these topics.
Sessions topics included automation and enterprise trends, advancement in control strategies and asset performance management, industrial cyber security, automation and industrial internet of things trends, strategies to achieve operational excellence, and smart manufacturing. There were close to 30 presentations focusing on how companies can implement new technologies to forge ahead in a competitive market. Sessions ended with interactive Q&A with the session speakers.
Andy Chatha, president and CEO of ARC Advisory Group, gave a video presentation showcasing how digital transformation is gaining momentum across all industries and how innovative companies are disrupting the status quo. He said that today’s proprietary systems are ripe for next-generation digital transformation as process plant assets are usually more than 35 years old and are prone to failures and incidents. The other keynote addresses which set the tenor for the forum were given by B.R. Mehta, senior vice president of Reliance Industries; Achyuta Ghosh, head of research at NASSCOM; Bob Gill, general manager of South East Asia at ARC Advisory Group; and B. Ashok, deputy project director at Aeronautical Development Agency. Speakers were from the sponsors, industry association sponsors, and invited end user speakers.
At the end of ARC’s two-day forum it was clear that although the road ahead has many obstacles, these can be overcome by adopting new processes and technologies.
Sharada Prahladrao is editor and public relations manager at ARC Advisory Group India
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