Author - unwiredcp

Does your organization struggle with loss of opportunities, stock outs, fall outs and wasted inventory?

If yes, then it’s high time to evaluate advanced analytics that improves demand planning & forecasting accuracy. According to Gartner, about 73% of organizations see significantly improvement in forecasting accuracy with predictive or prescriptive analytics. In fact, modeling helps companies to explore thousands of combinations of factors to analyze and rank the potential business outcome.

Predictive analytics can provide insights into supply chain metrics such as inventory turnover, stock values, procurement trends, warehouse performance, quality control and compliance.

Also, by unlocking the power of analytics, an organization can make better decisions by ranking and optimizing trade-offs between business goals, such as costs or customer growth and suggesting recommended actions.

Join an episode of ET Unwired, co powered by Trident Information Systems Pvt. Ltd., an IBM Business Partner, to learn about a solution for demand planning that marries highly accurate demand forecasts generated by predictive models with a user friendly and highly interactive budgeting and planning interface that models the rest of the P&L. This solution drives gains in supply chain efficiency and capital/resource management.

Key Takeaways:

• Planning, budgeting, and forecasting for strategic, financial and operational needs
• Single platform for business planners to load data, model their business across multiple dimensions, and manage results in real-time
• Automates manual, disconnected spreadsheet-based planning

Customer expectations and Safety has become the buzzword today for every stakeholder in the Pharma Industry. All are making their business processes and functions automated to fuel the financial growth. We see an increasing number of pharmaceutical firms and indeed, medical device companies – are partnering and integrating with technology businesses.

Now the worry is how do the pharma industry stay relevant in front of consumers while maintaining their financial growth? With the emergence of exponential technologies such as Robotic Process Automation (RPA), Artificial Intelligence and Analytics, the sector is witnessing a paradigm shift affecting business processes today. RPA is of greatest value when used for rule-based, repetitive processes in drug development operations. Its use can support consistency in data entry, quality control and audit readiness in several targeted activities comprising clinical, regulatory, safety and laboratory operations.

Digital and analytics tools and automation will be the engines that accelerate agility and transparency. Digital tools will also enable some key business processes—such as auditing or product release—to be done remotely, potentially decreasing the risk of disruption while improving efficiencies.

With the theme “AMPLIFY PHARMA: Integrating Automation to Accelerate Financial Growth” the virtual webinar will initiate thought provoking discussions and advocate for technology innovation and practices for business growth in pharma sector. Through the webinar we intend to understand that automation technologies will surely improve the practices in pharma industry. It is powered by Automation Anywhere and Brought to You by The Economic Times – EDGE.

Discussion Points :

1. Pharma operations: The path to recovery and the next normal
2. Financial Disruption with Automation – Potential benefits and value added
3. How can industry stimulate growth drivers to expand the market faster? What are the risks to growth and how should these be managed?
4. RPA to Empower Workforce and Deliver a Better Patient Experience
5. RPA: The Next Step in Pharma Automation

Ashok Kumar Madan
Executive Director
India drug manufacturers association

Ashok Nayak
CIO
Ipca Laboratories Limited

Mitanshu Shah
VP Finance
Alembic Pharma

Mukesh Rathi
CIO
Dr. Reddy’s Laboratories Ltd

Sumeet Pathak
Digital Workforce Evangelist-IMEA
Automation Anywhere

Yugal Sikri
Managing Director
RPG Life Sciences

Are you ready for Data Driven future post Covid 19 era?

In today’s world organizations have choices of Public, Private, Multi and hybrid environment to manage their data. On one side it gives lot of opportunities to businesses to become more agile, flexible and responsive however on the other side it opens lot of challenges on the complex data management front as the traditional tools are not anymore in the play.

An integrated Data Management solution needs an agile, fast and reliable data backup and protection suite. The traditional  solutions are no more pertinent to current needs due to various reasons such as lack of automation that slows response times, an inability to scale cost-effectively, a lack of support for today’s modern cloud environments, or an inability to meet governance regulations like GDPR, yesterday’s solutions are not addressing today’s backup needs.

Data Backup and protection expectations continue to expand with the exponential growth of data and managed applications. Along with this, end-user expectations for recovery & protection are only increasing while cloud-first initiatives must be supported and adhere to complex governance and compliance laws.

Despite various challenges and expectations, an integrated should be able to help organizations mitigate these risks. Businesses need to conduct backup, recovery, and archiving activities, enable operational reporting, and perform hardware snapshot management, all in one complete solution.

Join The Economic Times Virtual Global Enterprise Technology Forum powered by Redington in association with NetApp & Commvault to experience a unique Data Management and protection solution to address the arising challenges and understand the following –

• Recovery readiness: What is your response when the business asks how ready you are to recover in the face of a disaster?
• Data Governance: How do you adhere to complex data privacy and protection laws?
• Time to Value: How fast can you respond to changes demanded by your business?
• Management Complexity: How do you properly manage remote, physical, cloud, and virtual environments?
• Optimizing Costs: How can you successfully optimize your current and future infrastructure use?

With the outbreak of Covid -19, we are wading through one of the toughest times in human history. Covid-19 is the worst pandemic the entire world’s economies have ever seen. Amid the coronavirus pandemic, several countries across the world resorted to lockdowns to “flatten the curve” of the infection.

Businesses were shut, ceasing almost all economic activity. According to the International Monetary Fund (IMF), the global economy is expected to shrink by over three per cent in 2020 – the steepest slowdown since the Great Depression of the 1930s.

All the industries worldwide are affected. The path ahead looks difficult. The analysis of the losses and implementations to recover would require expertise and difficult decisions.

During these unprecedented times, analytics acts as a major boon for enterprises. Using advanced analytics multiple choices can be provided to increase the profits. Organizations can choose the option they want and then use analytics to optimize their workforce and work. The investment in analytics will help organizations speed up their recovery graph.

Join The Economic Times Live Session, Restructure, Rebounce Leveraging Advanced Analytics, powered by Cresco International, an IBM Business Partner, to discover how to expedite the recovery process and open the doors to profitability faster with implementation of analytics.

Key Takeaways :

• Leveraging analytics for faster recovery
• Where analytics can be used in various industries?
• IBM products for analytics

Did you know that, on an average, an employee spends between 20-30% of their time searching for answers in business documents?

Traditional enterprise search and search engines don’t provide employees and customers with exact answers. They can’t understand the nuances of phrases and acronyms of your industry and accurately search through your complex documents in a timely manner.

Every day another 2.5 quintillion byte of data is created, and as that data continues to expand, many businesses need a solution that can help both employees and customers find information, make decisions, and complete tasks faster.

With a cognitive search solution like IBM Watson Discovery, businesses can enhance human intelligence using varied AI technologies such as natural language understanding (NLU), machine learning (ML), and deep learning (DL) to deliver the ability to sort through ubiquitous data to find specific information.

Watson Discovery breaks open data silos and retrieves specific answers to your questions while analyzing trends and relationships buried in enterprise data. Unlike competitors, it can be deployed on any cloud or on-premises environment.

Join this ET Unwired on “Unlock the Untapped with IBM Watson Discovery” powered by IBM to explore how you can

• Find actionable insights from your unstructured data, faster
• Build a system that integrates with conversational AI to find answers to your questions
• Add a cognitive search and content analytics engine to your applications
• Teach the language of your domain/company to the AI solution

Retail sector is changing every second, with e-commerce platforms and new entrants in the markets with the worry how do the retailers stay relevant in front of consumers? The biggest challenge here is to meet the customer expectations.

With the emergence of exponential technologies such as Robotic Process Automation (RPA), Artificial Intelligence and Analytics, the sector is witnessing a paradigm shift affecting business processes today. These technologies are creating the Future Store that exceeds customer expectations and making processes agile, accurate and compliant. On a closer look, we found many areas for intelligent automation in Order Management, Payments, Transportation, Warehousing & Inventory, Supplier Management, Risk Management, Procurement, Data Monitoring, Reverse logistics, Claims, Scorecards and Store Operations and other such processes. Moreover, IA significantly increases operational efficiency and cost savings. Warehouse & Inventory management systems and store management systems can be made touchless with intelligent automation to make them more efficient. Some of the applications include:

• Business and Sales analytics
• Cash & Credit reconciliation
• Stock replenishments
• Claims & refunds – with AI
• Store planning inventory and operations management
• Work order management

With the theme “REIMAGINING RETAIL: HOW BRANDS CAN USE AUTOMATION TO FUEL FINANCIAL GROWTH” the virtual webinar will initiate thought provoking discussions and advocate for technology innovation and practices for business growth in retail sector. Through the webinar we intend to understand that automation technologies will surely improve the practices in different industries. It is powered by Automation Anywhere and Brought to You by The Economic Times – EDGE.

Discussion Points :

1. How retailers are growing their financial services capabilities
2. Financial Disruption with Automation – Potential benefits and value added
3. Finance automation and Retail Business
4. RPA to Empower Workforce and Deliver a Better Customer Experience
5. RPA: The Next Step in Retail Automation

Girdhar Chitlangia
CFO
MoreRetail

Nandakumar Tirumalai
Vice President Finance
Titan Company Ltd

Ranjan Sharma
CIO & Head- Supply Chain Management
Bestseller

Saurabh Kishore
CIO
Tata Cliq

Sumeet Pathak
Digital Workforce Evangelist-IMEA
Automation Anywhere

Tanmay Kumar
CFO
Spencer’s Retail & Nature’s Basket

The entire world is gripped by the Covid-19 pandemic, the global supply chain is experiencing a level of disruption that has never been seen before. Some manufacturing companies have halted their production completely, while some have seen greatly reduced demand and others have seen a massive increase in demand. The global crisis has affected every manufacturer in some way or the other. From being one of the potential growing, automation – widely regarded as optimistic & future thinking sector to coming to a point of cessation, due to the increasing number of cases.

Recent developments in factory optimization have forced the need to adapt machinery and other processes to make manufacturing more effective. Industrial Automation sector is opening many opportunities for technology companies that are innovative and can cater to automotive or agricultural companies. Demand is further expected to increase in the coming years as companies need more Automation to remain competitive. Moreover, Industrial Automation is becoming an important part of companies producing in India that apply the latest technologies.

Besides, India is moving towards Industry 4.0. Hence, the Industrial Internet of Things (IIoT) will emerge as a game-changer for the manufacturing Industry. India provides a great pool of skilled workforce for the Industrial Automation sector. This industry has a great present and future prospect. Companies interested in entering India will find good business opportunities in this sector.

We will be discussing on automation for manufacturing and how we can implement them in our plants and workstations. Various applications and creating a sound environment for a manufacturing plant to run at less capacity but increasing its productivity.

Statistics:

• The global Industrial Automation Market size was valued at USD 157.04 Billion in 2018. It is expected to reach USD 296.70 Billion by 2026.
• The Indian Industrial Automation Market size was valued at USD 5 Billion in 2018. It is further expected to grow at a CAGR of 12% by 2023.

Webinar Topic: Automation is future for manufacturing

Talk points:

• Automating industry – post COVID19 crisis scenario
• New advancements in automation and implementation
• Applications for automation in manufacturing industry
• Robotics & factory of the future