Bangalore, November 22 2021: CMS IT Services, a Bangalore-based leading Managed Services provider and System Integrator which recently released a CXO guide entitled ’Staying competitive in the post-pandemic decade’ has come out with their second edition.
The guide’s second edition focuses on the digital tech that will influence the manufacturing sector in the next decade. It lists out technologies that will ignite innovation and accelerate a manufacturer’s competitive edge turning them into the ‘smart’ production hubs of tomorrow.
Says Anuj Vaid, Executive Director, CMS IT Services: “The World Economic Forum expects India to regain its position as the fifth-largest economy by 2025 and emerge as the third-largest economy by 2030. To achieve this, the manufacturing industry needs to scale up to international standards and create unique differentiations that will enable us to compete on global platforms.”
He adds that in the manufacturing industry, Smart manufacturing is the buzzword which will transform this sector. This will deliver real-time decision making, enhanced productivity, flexibility, and agility.
The guide talks about the trends in the industry and focuses on Make in India. Coupled with favourable parameters such as a youthful population, increased domestic demand, and considerable return on investment, India is all set to emerge as an exciting new incubator for Industry 4.0. It also mentions that 25 sectors including pharmaceuticals, aviation, IT and BPM, automobiles and biotechnology are at the centre of the objective of India becoming a high-tech manufacturing hub with a 1 trillion USD manufacturing GDP, in no less than a decade.
The CXO guide suggests the Foundational Technologies for 2022:
Zero Trust architecture India is the third-most cyber-attacked country in the world. Distributed workloads, remote working and connected devices make networks, services, apps and data more vulnerable than ever before. Fortification of endpoints and a zero trust posture is imperative.
Cloud maturity Intelligent workload management and operational stability through custom cloud configurations is the way forward. According to Gartner, “The rapid pace of innovation in cloud infrastructure and platform services (CIPS) makes cloud the de facto platform for new digital services and existing traditional workloads alike, which is why 40% of all enterprise workloads will be deployed in CIPS by 2023, up from only 20% in 2020.” (Source: Gartner Predicts the Future of Cloud and Edge Infrastructure, Katie Costello, February 8, 2021).
Hyperautomation Gartner expects that by 2024, organizations will lower operational costs by 30% by combining hyperautomation technologies with redesigned operational processes. (Source: Gartner - Forecast Analysis - Hyperautomation Enablement Software, Worldwide, Cathy Tornbohm, 22 March 2021). This will reduce/replace manual resource allocation, system tuning and configurations, data management and mining, service management and systems provisioning.
Conversational AI Just like cloud brought scale and speed within reach of small companies with small budgets, chatbots empower small teams with small budgets to deliver the 24/7 customer-first experience typically associated with enterprises.
IoT everywhere By 2022, there will be 29 million connected devices on the internet and 50% will be IoT devices (Source: Telecommunications Industry Association). Smart homes, wearables, smart cities, smart grid and industrial internet will be the most popular applications.
Intelligence at the edge Gartner predicts that by 2025, 75% of business-generated data will be generated and processed at the edge. (Source: Gartner - Technology Insight - Edge Computing in Support of the Internet of Things, Santhosh Rao, 13 July 2017). AI at the edge allows mission-critical and time-sensitive decisions to be made faster, more reliably and with greater security.
Data By 2024, we will have generated 149 zettabytes of data globally (Source: Statista). The velocity and quality of data enables businesses to think less sequentially and more disruptively.
5G connectivity 5G ushers in an era of unprecedented connectivity - superfast, ultra-reliable, low latency networks that seamlessly support up to 1 million devices per square kilometre. This 1000x increase in compute capacity (compared to 4G) is the foundation on which IoT, big data, AR/VR, etc deliver immersive experiences.
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“The next frontier in IT services will evolve beyond the discrete
consumption of service models and technologies, and instead will
be driven by the nexus of cloud, edge, 5G, AI, IoT, and data and
analytics.” - Sid Nag, VP Analyst, Gartner
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The CXO guide authored by Anuj Vaid, Executive Director, CMS IT Services can be downloaded here: https://bit.ly/3krMTIh