Events

An average offshore oil and gas company experiences about $40-50 million a year in losses due to unplanned downtime. To eliminate the unexpected equipment failures and maximize return on assets, O&G companies are in search for new, more efficient maintenance methods. Though Predictive maintenance is a fairly mature concept, recent advancements in cloud-based data analytics, AI/ML and the rise of the digital twin in oil and gas operations are extending the boundaries of predictive maintenance technologies.

Rapid digital advancements are disrupting the IT outsourcing space, currently valued at ~$280 Bn. Product companies are heavily relying on the vast distribution of partners to drive their business momentum. However, in the last one decade, the definition of partners is constantly changing and enabling them to add value & create outcomes that matter for the end-user.

Successful tech companies have deployed several strategies to enable their partner motions such as evolving skills pertaining to digital transformation & modern technologies, demand for newer engagement models & incentives and increasing preference for region-specific & specialist service providers

The roundtable is an exclusive invite-only session that will host 15+ CXOs, senior executives and IT leaders driving technology-related initiatives within their organisations. The discussion will be focussed on understanding the role of Artificial Intelligence in building a future ready enterprise and the associated challenges faced by companies in adoption, implementation, and execution of AI-led initiatives.

With the technology advancements and proactive government initiatives, the adoption of electric vehicles is gaining momentum. Established OEMs have committed to launch more than 100 new battery electric vehicle models by 2024 and would account for ~25 – 30% of the vehicle sales. As electrification is becoming mainstream, companies cannot afford to be left behind. For those that understand and seize the opportunities, the future looks bright.

When the private equity industry was in its budding stage in the 1980s, the tech sector was barely on its radar. Gradually, this has changed. Evolving from asset heavy sectors, to hardware, and now to enterprise software, Private Equity firms are eyeing the industry as one that could offer profitable returns. Since the 2008 economic crisis, enterprise software or more particularly cloud based and as a service models have seen significant growth as they offer cost advantage, scalability and a flexible IT infrastructure. Private equity firms have tracked this growth and have made enterprise software as a key component of their portfolios. Today, digital transformation is fundamentally altering the way all industries do business. With ever changing customer expectations, the need for being more agile and adaptive is bolstering growth in the enterprise software market. However, in the sky-high valuation environment that is defining the enterprise software market, the need to develop innovative and effective value creation strategies has never been more pressing.

According to Zinnov, IoT spending in Technology and Services in 2018 was ~$201 Bn and is expected to grow at a CAGR of ~20% to reach $500 Bn by 2023. Smart Manufacturing attracts the majority share of ~45% of the total IoT spend. New-age technologies like Industrial IoT, Advanced Robotics, Cloud, AI/ML, and Big Data are playing a major role in driving operational efficiency through digitizing manufacturing operations, inventory management, predictive maintenance etc.

Are companies making progress in digital transformation? What are the keys to a successful digital transformation? How to deal with the increasing product/manufacturing complexities and customer-specific demands? How to track and measure the impact of the digital initiatives ? These are just some of the questions that will be answered during the session.