APURVA KRISHNA YADAV

  Industrial companies can harvest enormous rewards from Industry 4.0 technology. Yet creating value with disruptive technologies and data analytics is likely to pose a challenge. In the first episode of this blog series, we identify  the key success factors to become an Industry 4.0 champion. For many industrial companies, Industry 4.0 - the integration of sensors, The Internet of Things, Big Data analytics, mobile information platforms and other disruptive technologies – presents huge opportunities to innovate product and service portfolios, business models and value chain operations. Yet merely investing in technology will not create value. To maximize the return on Industry 4.0 investments, industrial firms need view implementation of Industry 4.0 technology as a transformation journey. So what are the key factors that will turn this journey into a successful drive to become an Industry 4.0 champion? Align Industry 4.0 to your company’s differentiating capabilities Industr...

  Om Sahana Vavatu  (Sanskrit: ॐ सह नाववतु) is the name of an ancient Sanskrit  mantra , commonly recited as a devotional prayer before sacred Hindu scriptures are studied. This mantra calls upon protection from divine universal consciousness. Additionally, it is considered to be a  shanti mantra , otherwise known as a chant or prayer for peace. ॐ सह नाववतु। सह नौ भुनक्तु। सह वीर्यं करवावहै। तेजस्वि नावधीतमस्तु मा विद्विषावहै। ॐ शान्तिः शान्तिः शान्तिः ॥ Om Saha NaAvavatu | Saha Nau Bhunaktu | Saha Veeryam Karavaavahai | Tejasvi NaAvadheetam-Astu Maa Vidvishaavahai | Om Shaanti: Shaanti: Shaanti: || MEANING Om=Supreme Lord; avatu=may the Lord protect, nau=both of us; saha=together; bhunaktu= may the Lord nourish; nau=both of us; saha=together; karavāvahai= let both of us perform; vīryam= valorous actions; saha=together; adhitam= learning; nau= of both of us; astu= may be; tejaswi = bright; vidvishavahai=let both of us hate each other; mā= not; Om Shanthi:= peace Shan...

  Artificial Intelligence is an intelligence displayed by machines, in which, learning and action-based capabilities mimic autonomy rather than process-oriented intelligence. The simplest way to understand the potential application of AI is to clearly define it’s potential value-added. Introduced by Gartner Analyst, Noha Tohamy, at Gartner’s Supply Chain Executive Conference, AI was broken down into two categories: “Augmentation : AI, which assists humans with their day-to-day tasks, personally or commercially without having complete control of the output. Such Artificial Intelligence is used in Virtual Assistant, Data analysis, software solutions; where they are mainly used to reduce errors due to human bias. Automation : AI, which works completely autonomously in any field without the need for any human intervention. For example, robots performing key process steps in manufacturing plants” How can AI be applied within SCM activities? Chatbots for Operational Procurement:...