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Smartech can help India Inc to navigate Covid-19 crisis

Gurgaon, April 8, 2020:  Technology analyst, techARC,  has  in a report, proposed a roadmap to implement Smart Tech – 5G, IoT and Industry 4.0 – for creating an effective and efficient crisis management system which can ensure minimal impact of any kind of manmade or natural crisis and lockdowns, as a situation due to the present Covid-19 pandemic.
The report suggests three phase approach of implementing Smart Tech covering a range of services and products basis the criticality and need of people to consume them. With this approach the implementation of these technologies will be more integrated and structured developing synergetic currents.
Says Faisal Kawoosa, Founder and Chief Analyst, techARC: “No one can afford to pause a country. There are technologies like 5G, IoT and Industry 4.0 available which can be blended to create a crisis management system ensuring functioning of several services and supply of products in such extraordinary times. We are proposing a roadmap for India spread over three phases, which can minimise the impact.”
“At the same time it will fast forward Digital Economy objectives as well as minimise the opportunity cost which we are paying for adopting such transformational technologies at a lower pace than should have been."
The key recommendation of the report is that India must systematically and structurally adopt Smart Tech – 5G, IoT and Industry 4.0 – to achieve the objectives of thriving digital economy, effective crisis management system and minimising the opportunity cost due to delay or slow adoption of such transformational technologies.
Other recommendations of the report are:-
- A wider stakeholder engagement to draw a comprehensive and prioritised blueprint.
- Identification and standardisation of solutions and technologies available.
- Cost Benefit analysis of the implementation rather than a RoI driven approach.
- Quantifiable targets to be defined in each category of criticals, essentials and drivers to be achieved over next 2-5 years.
- Government to set up budgetary allocations for implementing the roadmap.
- Institutions of excellence like IITs to be engaged in the process.
- A centralised empowered administrative structure to be put in place to drive this.
- A distributed roadmap to be developed for decentralised digital economy spread.
- Start-ups to be encouraged to participate in solution designing and implementation.
Download the report.