IoT as a Force for Re-imagination

Earlier this year, ARC Advisory Group participated in a well-attended IoT forum in London, England organized by Tata Consultancy Services (TCS). During the plenary session, TCS executives discussed the industry's readiness for the Fourth Industrial Revolution. TCS sees IoT as the force behind re-imagination of the industry, which will have particular impact on product development and predictive analytics.

Following the plenary session, participants broke out into workshop-type sessions on either connected products and manufacturing; connected consumers; or connected travel, transport and supply chain management. In the connected products session, ARC presented on paperless manufacturing in the connected products section and had an opportunity to interview Sreenivasa Chakravarti, head of Innovation & Transformation Group for the Manufacturing Industry Solutions at TCS.

Innovation and Transformation for Manufacturing
In our conversation with Mr. Chakravarti, we discussed the forces that shape modern manufacturing and its value chain. TCS looks at manufacturing operations as a lifecycle that starts with mass manufacturing and then goes through phases in which productivity and quality are optimized. In the future, TCS expects a more tightly woven web of connected customers and processes. Today, Industrial IoT (IIoT) enables near real-time demand signal processing and the capability to deliver individualized products, also referred to as "segment of one," which represents the ultimate production agility for a manufacturing supply.

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Keywords: Smart Manufacturing, Paperless, IIoT, Digital Transformation, Strategy, TCS, IIoT, ARC Advisory Group.