Hannover, Germany – Cyient, a global engineering and digital technology solutions provider, has launched INTELLICYIENT suite of Industry 4.0 solutions, which will allow digital transformation for industries that draw significant value from their assets such as manufacturing, industrial, aerospace, automotive & off-highway, utilities, and mining & natural resources.
Karthik Natarajan, Chief Operating Officer and President, Cyient
Anand Parameswaran, SVP and Global Business Head, Cyient Digital
Anand Parameswaran, SVP and Global Business Head, Cyient Digital, unveiled the suite at Hannover Messe 2021, where Karthik Natarajan, Chief Operating Officer and President, Cyient, delivered the keynote on Resilient Manufacturing.
Enterprises that adopt Industry 4.0 stand to generate an economic value of US$ 3.7 trillion by 2025. Industry 4.0 spending is projected to increase by more than 20 percent, with systems integration, application growth, and data services being the primary technology focus areas. Industry 4.0 solutions that bring domain knowledge, depth of technological expertise, and engineering excellence and understanding of business operations would be the most competitive. These are the company’s distinct attributes, which have made it a preferred partner among its Fortune 500 customers worldwide.
Elaborating on the INTELLICYIENT solution portfolio at the launch and how the company designed it by leveraging its investments in the latest digital technology capabilities, as well as its three decades of experience in engineering and geospatial offerings for asset-intensive industries, Parameswaran added, “With six digital solutions, powered by the interplay of nine technology studios, and our strong partner ecosystem, INTELLICYIENT will help enterprises globally achieve the full potential of digital transformation with IT-OT convergence. We aim to focus on the four key themes of smart automation, intelligent supply chain, end-to-end visibility of workflows and assets, and next-gen workforce solutions that are driving Industry 4.0 adoption.”
Emphasizing on digital engineering and Industry 4.0 investment uprise which is bolstered by additional impetus from the COVID-19 crisis, as enterprises look to enhance manufacturing resilience, Akshat Vaid, Vice President, Everest Group, who moderated a panel discussion on Digital Transformation, added, “In effect, enterprises are no longer viewing this spend as discretionary but rather as an avenue for driving business resilience and competitiveness. They, however, struggle with a shortage of capabilities, organizational complexity, data integration, and speed of implementation when it comes to transformation-at-scale. This has led to a rise in outsourcing with third-party vendors offering services across consulting, development, integration, and management of existing deployments.”
To capitalize on this expanding potential, the company is expanding its capabilities by investing in talent, solutions for unique use-cases, ecosystem partnerships, and the relevant infrastructure of labs and centers of excellence.
Image Source: Cyient