Tech Leaders Pave way for the Convergence of IT & OT at Future Factory India Confex 2019

/ -- Tech experts from Tata Communications, Bosch, Infor, Microsoft, Unlimit (A Reliance Group Company) and Software Technology Parks of India converged at the Future Factory India Confex 2019 in Mumbai to discuss the convergence of IT & OT and the many changes brought about by emerging digital technology in the smart manufacturing landscape. Discussions by digital technology enablers and innovators in IIoT, M2M, AI, Blockchain, hardware independent augmented reality reigned the two-day Confex that was held on 11-12 March 2019 at the Bombay Exhibition Centre in Mumbai drawing 134 attendees.

Inaugurating the two-day Confex, Dr. Omkar Rai, Director General, Software Technology Parks of India announced: "As the largest outsourcing nation, India holds 56% of the share of global outsourcing of tech services. The nation holds the position to empower and enable migration to industry 4.0. To support this vision, government of India has announced NPSP 2019 policy (National policy on Software) which aims to make India move beyond an IT service nation and make it a technology product nation. Overall market size for technology product is USD 445 billion whereas India's share currently is only 7.1 billion. Through this policy and subsequent measures, India aims to capture 70-80 BN market share by 2025 - both through domestic and export technology requirements." He further added, "Messe Frankfurt has once again put up a focused exhibition and conference where there is lot information that will be exchanged on developments that fuel industry 4.0. I urge the industry to exchange ideas and information here at Future Factory India and create an eco-system for Indian entrepreneurship."
With changing times, businesses are preparing for the transition of their organisations to the converging, aligning and integrating of IT and OT environments. Concluding the panel on what will comprise the essential components in the smart CXO's tool kit, Mr. Sharad Nigam, Principal Consultant - Industry X.0, Accenture Management Consulting said, "Artificial Intelligence and Machine Learning together with IoT will be the most important technologies for the factories of the future."
For more details, please visit: www.futurefactoryindia.com
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