A connected workforce is the key to manufacturing success| Digital | Technology | VARINDIA News Hour
#VARINDIA_News_Hour #VARINDIA #Breaking_News
The manufacturing skills gap is projected to leave more than 2 million jobs unfilled by 2030, costing the US economy as much as $1 trillion, according to a report by Deloitte and The Manufacturing Institute. Experts predicted that with the coming of the Fourth Industrial Revolution, automation and advanced technologies would rapidly displace factory jobs and workers world-wide. When COVID-19 hit, about 1.4 million people lost manufacturing jobs. Although the industry has hired back many workers, hundreds of thousands of positions remain unfilled. Digital collaboration tools are primed to play a critical role in enabling workers to tap into the collective knowledge of the enterprise, solve problems with experts remotely, and turn internet of things data from the shop floor into lasting value. Secondly, the emerging workforce will need to manage Industrial Internet of Things devices, use analytical tools to inform their decisions, and oversee technologically advanced operations—while keeping the lights on and training the next generation.
Factory workers are an integral part of this journey. After all, better enterprise resource planning systems, manufacturing execution systems, computerized maintenance management systems, robots, conveyors, and machinery still require people to make everything run. We can’t deny the fact that there are several benefits of a connected workforce in manufacturing. According to the Department of Energy, 80% to 90% of downtime is caused by human error. But the concern is how to reduce human error, manufacturers rely on standard operating procedures recorded in paper manuals or orally communicated by employees. But with the current labour shortages, and with the rapid evolution of manufacturing technologies, organizations can’t rely on paper and institutional knowledge..
A connected workforce is the key to manufacturing success| Digital | Technology | VARINDIA News Hour
#VARINDIA_News_Hour #VARINDIA #Breaking_News
The manufacturing skills gap is projected to leave more than 2 million jobs unfilled by 2030, costing the US economy as much as $1 trillion, according to a report by Deloitte and The Manufacturing Institute. Experts predicted that with the coming of the Fourth Industrial Revolution, automation and advanced technologies would rapidly displace factory jobs and workers world-wide. When COVID-19 hit, about 1.4 million people lost manufacturing jobs. Although the industry has hired back many workers, hundreds of thousands of positions remain unfilled. Digital collaboration tools are primed to play a critical role in enabling workers to tap into the collective knowledge of the enterprise, solve problems with experts remotely, and turn internet of things data from the shop floor into lasting value. Secondly, the emerging workforce will need to manage Industrial Internet of Things devices, use analytical tools to inform their decisions, and oversee technologically advanced operations—while keeping the lights on and training the next generation.
Factory workers are an integral part of this journey. After all, better enterprise resource planning systems, manufacturing execution systems, computerized maintenance management systems, robots, conveyors, and machinery still require people to make everything run. We can’t deny the fact that there are several benefits of a connected workforce in manufacturing. According to the Department of Energy, 80% to 90% of downtime is caused by human error. But the concern is how to reduce human error, manufacturers rely on standard operating procedures recorded in paper manuals or orally communicated by employees. But with the current labour shortages, and with the rapid evolution of manufacturing technologies, organizations can’t rely on paper and institutional knowledge.
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Every organization's workforce needs to be a digital workforce | Business And Economy |
#technology #Nokia #Facebook
Technology enables the digital workplace
By 2025, a predicted 56 billion connected IoT devices will be scattered across the planet, with the edge generating more than 75% of all enterprise data. The edge—where the Internet of Things, artificial intelligence, and ultrafast 5G networks converge—will soon change our lives dramatically. The growing demand to modernize IT architecture, migrating and updating legacy applications can increase administrative and operational time. By shifting away from internal management of these applications and leaning into Kubernetes application platforms instead, your organization can save not only time, but money.
Technology enables the digital workplace. The digital workplace can best be considered the natural evolution of the workplace and with this the employees are able to do their job by collaborating, communicating and connecting with others and today every organization’s workforce needs to be a digital workforce; powered by data, running in a multi-cloud world and ready to take on anything. Unveil the technology to build flexible, hybrid and work from home solutions for your organization today. Keeping a positive mindset and focusing on resilience during these challenging times can be a way forward. Today, it has become critical for startups to find their way in what is termed the ‘new normal’. In the new normal, there will be many areas to focus on such as; recovering revenue, rebuilding operations, rethinking the organization, upgrading the IT infrastructure and accelerating the adoption of digital solutions.
0:00 Intro
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2:38 #Nokia and #HFCL are registered under PLI scheme for telecom sector
3:19 #Facebook launches live audio rooms and podcasts in US
4:06 The #G7 to work tog
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SaaS companies might be the next wave of technology giants | Technology | VARINDIA News Hour
The Indian Software as a Service (SaaS) landscape continues to mature rapidly, with more companies reaching larger scale and driving heightened investor interest. In 2021, more than 35 Indian SaaS companies had $20 Million+ annual recurring revenue - a sevenfold increase over five years -with between 7 and 9 of these companies reaching the $100M annual recurring revenue milestone (versus one to two companies five years ago). India could be on the cusp of unlocking a $1 trillion opportunity for Software-as-a-Service (SaaS) companies, creating nearly half a million new jobs by 2030, according to a report titled 'Shaping India’s SaaS Landscape' by #SaaSBOOMi. Vertical business software has seen 100% year-over-year growth, with several Indian success stories emerging. Growth is primarily driven by an increased number of deals for vertical business software and larger deal sizes for horizontal business software. A report says, software accounts for 20% of the total enterprise spending on technology but has a value creation of nearly 50%.
The #SaaS companies founded in India by the Indian founders, that have the majority of their workforce in India, are serving both domestic and global customers, which is $2.6 billion in size and employs about 40,000 people, is expected to record a 20X revenue jump by 2030. The narrative goes beyond this mammoth opportunity. This ‘20X jump’, which will generate $50-70 billion in revenue, is merely 6 percent of the global SaaS market —reflecting the untapped size of the pie and the huge window of opportunity that lies ahead for the SaaS industry. The Indian SaaS ecosystem will be one of the biggest value creation opportunities that we are going to see in the decade ahead of us. It is touted to grow at a CAGR of 18%. The Indian SaaS landscape is maturing rapidly, with the number of SaaS firms doubling and 60+ SaaS firms
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The future of work in the technology driven world |A.I. Technology | VARINDIA News Hour
Tech is the most important enabler of remote work, but it hasn’t been without issues. The current “work anywhere” trend ushered in by the COVID-19 pandemic has led to the dismantling and reimagining of many of the characteristics of last century’s workplace. The future of work is being shaped by two powerful forces: The growing adoption of artificial intelligence in the workplace, and the expansion of the workforce to include both on- and off-balance-sheet talent. It’s clear that remote and hybrid work is here to stay. Employee expectations are changing, and we will need to define productivity much more broadly – inclusive of collaboration, learning and wellbeing to drive career advancement for every worker, including frontline and knowledge workers, as well as for new graduates and those who are in the workforce today. All this needs to be done with flexibility in, when, where and how people work.” As the traditional office transitions into a place without borders, business leaders need to be proactive about keeping their talent loyal to their mission, values, and goals while adequately supporting their workforce with the tools they need to stay productive, engaged, and successful. But that’s not all. Employers also have a new burden to contend with in this new working environment: elevating the protection of their assets against bad actors.
According to Gartner, remote workers will make up 32% of all employees worldwide by 2024. Businesses face myriad challenges shifting to this hybrid landscape. Ivanti’s research shows that the remote and hybrid work experience for IT professionals varies across gender lines. More men than women report losing personal connections with co-workers in this digital-first culture. Women, however, have benefitted the most overall from the flexibility that remote work brings. This shift in employee experience cannot be ignored. Em
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The future of digital is trending towards Metaverse | Technology | VARINDIA News Hour
The #metaversetechnology is poised for rapid growth that will open up opportunities for the marketers and it can be helpful to first think of any shared, virtual space: everything from a chat room to games like Minecraft and Fortnite. While these spaces differ in terms of the richness of the virtual experience – text, audio, video, visual detail, sense of space, actions you can take, etc. – what they share is the opportunity for multiple, if not millions, of people to simultaneously connect within an online environment. The COVID-19 outbreak has brought a positive impact on the metaverse market and is driving the increasing interest in the metaverse concept. People began to work remotely while students shifted to online classes and the need and demand for convenient channels or approaches to make online interaction more realistic emerged. The crisis has speeded the emergence of virtual communities as key lifestyle areas for locked-down users which include gaming landscapes and also increasing adoption of mixed reality. The convergence of 5G, artificial intelligence, and edge cloud processing will soon make it easier to deliver more seamless, enjoyable, and cost-effective AR/VR experiences across a variety of connected devices. Just like the internet, industry insiders are predicting the metaverse will become a necessity for all brands.
Metaverse is making headlines in technology, there’s a boom in metaverse crypto projects, each viewing to shape the future of both metaverse crypto projects and the nature of digital real estate. It’s the Gen Z, or someone with higher digital maturity. While we may make our purchases by making a few clicks, the coming generation will definitely want something which is more engaging and immersive.
The metaverse is indeed a virtual reality, but it’s not quite the same thing as what you’ve seen in science fiction blockbusters.
Technology video | 127 views
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IND vs SA | World Cup T20 2024 | Match Preview and Stats | Fantasy 11 | Crictracker
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Don't miss a single moment of the action, drama, and excitement as these teams battle it out in the high-stakes arena of World Cup T20 2024. From breathtaking boundaries to strategic masterstrokes, witness every twist and turn in this epic showdown.
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Office Fun Challenge: Guess the Cricketers? #office #crictracker #cricketlover ????
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Welcome to the exhilarating showdown between India vs Sri Lanka in the T20 series! Get ready for an electrifying clash as these two powerhouse teams, fueled by raw talent and strategic brilliance, lock horns for cricketing supremacy.
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