Humanoid Robot Nao Wows Audience at NASSCOM COE-The Economic Times Industry 4.0 Summit
New Delhi, Aug 7th, 2019: Humanoid robot, disruptive and transformative power of technology in manufacturing, next-gen technology for industry 4.0, bridging India’s tech skill gap, ruled the maiden edition of NASSCOM COE-The Economic Times Industry 4.0 Summit.
The summit, with the theme ‘Digitalization of Manufacturing’, was the first-of-its-kind in India, where about 200 tech experts (CIOs/CDOs/CISOs) came together to share their thoughts around industry 4.0.
NASSCOM COE-The Economic Times Industry 4.0 Summit was organized in three cities (New Delhi-14th June, Chennai-19th June & Pune-21st June) in India.
In his keynote address, Jayen Desai, Director & Lead – Digital Transformation, Industry 4.0, NASSCOM COE-COE IOT/AI, said: “This is the right time for the Indian industry and eco-system players to drive making the technology and systems, which are an integral part of industry 4.0. The stress should be on cost point and ease of deployment for wide-scale usage to take advantage of global attention right now on India and making it as an alternative manufacturing location.”
Humanoid Robot Nao was another attraction at the event. Nao, showcased by Vijay Sethi, CIO, Hero MotoCorp, was a sneak peek into the future of industry 4.0, where humanoid robots would be playing a crucial role in manufacturing. According to research by ReportsnReports, the humanoid robot market is likely to touch $3.9 billion by 2023 from $320.3 million this year, growing at a CAGR of 52%.
During his session— ‘Cobots in Auto Manufacturing’- Sethi mentioned: “Digital age is upon us, which is transforming the entire economy, and consumer behavior. Enterprises must move beyond traditional IT, organizational structures and policies and align themselves with the digital age.”
Manufacturing has always been the first adopters of the latest technologies, whether it’s Artificial Intelligence, Blockchain, RPA. Some of the leading organizations today are deploying these technologies in their ongoing businesses and these technologies are at different stages of maturity.
Stressing on the fact that technology is integral to efficiency and sustainability of businesses, Sangita Reddy, Joint Managing Director, Apollo Hospitals and Senior VP FICCI, said, “Particularly in manufacturing, advancements such as smart production lines, agile customer communication, and cutting-edge remote service capabilities will help organizations to save time, cut costs and be much more accountable to stakeholders than ever before.”
During her special address, she said that it is vital for manufacturers to embrace the change so that contemporary technologies can usher into manufacturing and they make their business models sustainable and address the needs of discerning consumers.