Here Is How IT Companies Can Enable Other Sectors
India’s manufacturing industry is poised for a significant growth with Prime Minister Narendra Modi pitching the right platform to attract foreign investments with the `Make in India’ campaign. Robust adoption of new technologies and growing demand have contributed to increasing exports.
India’s manufacturing sector presently contributes about 16 per cent to its GDP. If Nitesh Naveen, co-founder and CEO of Unicom Learning, is to be believed, the sector could have grossed much higher revenues, if there was a collaborative efforts from the IT industry.
He feels the IT services industry must gear up to offer the right platform and develop infrastructure to promote adoption of technologies. “Why is the IT industry has not been able to adopt the Internet of Things and other technologies, which have been part of manufacturing for over a decade?” asks Nitesh.
Emphasising the need for convergence to set a high benchmark, he says IT companies must act as enablers to build capability and set high standards.
McKinsey’s predicts that India’s manufacturing sector could reach US$ 1 trillion by 2025 while IT industry’s aggregated revenue stood at $31.7 billion in 2012.
“IT services companies must realize the need to offer an affordable product-based platform and infrastructure to start-up community to build their business. This will be beneficial for building the entrepreneur eco-system which in turn will help large businesses,” he said.
Nitesh feels that apart from IoT, the other big technology trend in the next five years would be the 3D printing. When asked if India is ready for new technologies, Nitesh said there has been a significant technology adoption so far, but there is a need to improve digital infrastructure to be future ready. Challenges like availability of resources and higher cost are not just specific to India. But building infrastructure is something that India needs to take seriously, he says.
Talking of lack of skill-based workforce in big data, Nitesh feels that the term big data scientists originated from MNCs. When data began to be accumulated and companies found it difficult to monitor it, they needed to train their workforce, who included doctorates or graduates in other streams.
There aren’t any courses to create ready-made data scientists, he says, adding how professionals need to get three basic things right: knowledge on stats, domain and understanding of data. “That will ultimately make them better leaders and decision makers,” he says.
Lack of awareness
Reacting to Modi’s campaign, Wipro chief Azim Premji said that true success of manufacturing lies in ability to service global market. Manufacturing powerhouse calls for educated workforce of thinkers and problem solvers.
Not just manufacturing, but every industry now faces a greatest challenge of lack of awareness. As Nitesh says: “It is a cultural challenge.” India has been witnessing an explosion in smartphone sales, but users aren’t much aware of apps. In that perspective, if IoT or 3D printing has to hit the mainstream, it would take couple of years.
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