Driven by new areas of vibrant cooperation, Russia and India with their proven capabilities in areas like ICT, digitalisation and cyber security spaces have much to offer to each other in order to emerge together as a potent global force in frontier technologies.
Copyright by egov.eletsonline.com
By Vivek Ratnakar, eGov Bureau
Industry 4.0 refers to a trend of automation and data exchange in manufacturing technologies. It includes cyber-physical systems, the Internet of things (IoT), cloud computing and cognitive computing. Industry 4.0, considered to be the fourth industrial revolution, fosters what is called ‘smart factories.’ A McKinsey analysis conducted last year suggests that if Indian companies adopt Industry 4.0 across functions like manufacturing, logistics, procurement and supply chain, they can improve operating profits by 40 percent at under 10 percent of the intended capital expenditure. The emphasis on the ‘Make in India’ programme is expected to prepare India for global competition. If the current trend is anything to go by, most companies are avoiding making huge investments in expanding their capacity and, instead, putting their money into digital platforms to improve their efficiency and revenue. Industrial firms are adding sensors to products in order to capture data so that it can be analysed to predict breakdowns to improve efficiency.
Digitalisation, analytics, IoT, AI, Machine Learning and Blockchain technologies are set to change the way businesses are run today.
Emerging Opportunities in Bilateral Sphere
In 2017, the Russian Government approved the first roadmap to develop the National Technology Initiative –Advanced Industrial Technologies (TechNet). The goal of the roadmap is to bring Russia’s share of the global market of “Industry 4.0” compliant services to at least 1.5%, according to Russian news agency Tass. “The Association for Industrial Internet, a brainchild of Rostelecom and Roscosmos, can be considered Russia’s first step towards the transition to Industry 4.0,” it adds. Igor Bogachev, CEO of Zyfra, a Russian major in AI-based solutions, in an interview with Economic Times, said that India is of great interest to companies in the field of Industrial Internet of Things where Russia has developed expertise.
Analysts predict that the economic impact of the introduction of Industry 4.0 solutions for India may exceed USD 400 billion in the coming years. “Innovations should become a point of growth of Russian-Indian relations,” Bogachev adds. Zyfra sees huge potential for IIoT introduction in Indian industries including machine-tool construction, mechanical engineering, metallurgy, chemical industry and the oil and gas sector. According to Bogachev, the BRICS countries (Brazil, Russia, India, China and South Africa) are similar in structure of the economy. “Solutions developed in Russia for the analysis of large volumes of data and predictive analytics in industries such as metallurgy, chemical industry, automotive industry and others can easily be scaled in the markets of other BRICS countries,” he says.
Russia- a leader in cyber security
Russia has proven capabilities in cyber security space. The country’s capacity building in this sector is firmly supported by government policies – National Security Strategy of the Russian Federation (2000), National Security Concept of the Russian Federation, Concept of the Foreign Policy of the Russian Federation (2013) and Information Security Doctrine of the Russian Federation (2000). […]
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Read more – egov.eletsonline.com
Driven by new areas of vibrant cooperation, Russia and India with their proven capabilities in areas like ICT, digitalisation and cyber security spaces have much to offer to each other in order to emerge together as a potent global force in frontier technologies.
Copyright by egov.eletsonline.com
Industry 4.0 refers to a trend of automation and data exchange in manufacturing technologies. It includes cyber-physical systems, the Internet of things (IoT), cloud computing and cognitive computing. Industry 4.0, considered to be the fourth industrial revolution, fosters what is called ‘smart factories.’ A McKinsey analysis conducted last year suggests that if Indian companies adopt Industry 4.0 across functions like manufacturing, logistics, procurement and supply chain, they can improve operating profits by 40 percent at under 10 percent of the intended capital expenditure. The emphasis on the ‘Make in India’ programme is expected to prepare India for global competition. If the current trend is anything to go by, most companies are avoiding making huge investments in expanding their capacity and, instead, putting their money into digital platforms to improve their efficiency and revenue. Industrial firms are adding sensors to products in order to capture data so that it can be analysed to predict breakdowns to improve efficiency.
Digitalisation, analytics, IoT, AI, Machine Learning and Blockchain technologies are set to change the way businesses are run today.
Emerging Opportunities in Bilateral Sphere
In 2017, the Russian Government approved the first roadmap to develop the National Technology Initiative –Advanced Industrial Technologies (TechNet). The goal of the roadmap is to bring Russia’s share of the global market of “Industry 4.0” compliant services to at least 1.5%, according to Russian news agency Tass. “The Association for Industrial Internet, a brainchild of Rostelecom and Roscosmos, can be considered Russia’s first step towards the transition to Industry 4.0,” it adds. Igor Bogachev, CEO of Zyfra, a Russian major in AI-based solutions, in an interview with Economic Times, said that India is of great interest to companies in the field of Industrial Internet of Things where Russia has developed expertise.
Analysts predict that the economic impact of the introduction of Industry 4.0 solutions for India may exceed USD 400 billion in the coming years. “Innovations should become a point of growth of Russian-Indian relations,” Bogachev adds. Zyfra sees huge potential for IIoT introduction in Indian industries including machine-tool construction, mechanical engineering, metallurgy, chemical industry and the oil and gas sector. According to Bogachev, the BRICS countries (Brazil, Russia, India, China and South Africa) are similar in structure of the economy. “Solutions developed in Russia for the analysis of large volumes of data and predictive analytics in industries such as metallurgy, chemical industry, automotive industry and others can easily be scaled in the markets of other BRICS countries,” he says.
Russia- a leader in cyber security
Russia has proven capabilities in cyber security space. The country’s capacity building in this sector is firmly supported by government policies – National Security Strategy of the Russian Federation (2000), National Security Concept of the Russian Federation, Concept of the Foreign Policy of the Russian Federation (2013) and Information Security Doctrine of the Russian Federation (2000). […]
Thank you for reading this post, don't forget to subscribe to our AI NAVIGATOR!
Read more – egov.eletsonline.com
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