A global engineering and digital technology solutions company, Cyient, announced the launch of its INTELLICYIENT suite of Industry 4.0 solutions that will empower digital transformation for industries that lure significant charge from their assets such as manufacturing, industrial, aerospace, automotive and off-highway, utilities, and mining and natural resources. INTELLICYIENT was launched by Anand Parameswaran, SVP and Global Business Head, Cyient Digital, at Hannover Messe 2021 the Olympics of Technology where Karthik Natarajan, Chief Operating Officer and President, Cyient, delivered the keynote on Resilient Manufacturing.
Initiatives executing Industry 4.0 stand to generate an economic value of USD 3.7 trillion by 2025. The Industry 4.0 employ is poised to grow at over 20 percent and systems integration, application development, and data services are projected to be the vital technology focus areas. The most effective Industry 4.0 solutions will be the ones that convey domain knowledge, depth of technological expertise, and engineering excellence and understanding of business operations. These have been the inimitable strengths of Cyient, which makes it a spouse of choice through its Fortune 500 customers globally.
"Cyient has leveraged its investments in the latest digital technology capabilities, and its three decades of experience in engineering and geospatial offerings for asset-intensive industries to design its INTELLICYIENT solution portfolio. With six digital solutions, powered by the interplay of nine technology studios, and our strong partner ecosystem, INTELLICYIENT will help enterprises globally achieve the full potential of digital transformation with IT-OT convergence. We aim to focus on the four key themes of smart automation, intelligent supply chain, end-to-end visibility of workflows and assets, and next-gen workforce solutions that are driving Industry 4.0 adoption," said, Anand Parameswaran, SVP and Global Business Head, Cyient Digital.
Akshat Vaid, Vice President, Everest Group, who moderated a panel discussion on Digital Transformation, states, "Digital engineering has become all-pervasive, contributing over 23 percent to global ER&D spending. Within manufacturing, it manifests as Industry 4.0 the transformation of cyber and physical systems on the back of digital themes for enhanced visibility, control, and autonomy. Industry 4.0 investments have been rising steadily, and the COVID-19 crisis has provided an additional impetus as enterprises look to enhance manufacturing resilience. In effect, enterprises are no longer viewing this spend as discretionary but rather as an avenue for driving business resilience and competitiveness. They, however, struggle with a shortage of capabilities, organizational complexity, data integration, and speed of implementation when it comes to transformation at scale. This has led to a rise in outsourcing with third-party vendors offering services across consulting, development, integration, and management of existing deployments."
Cyient Digital, as a prominent solutions and services provider, is mounting up its competencies by investing in aptitude, solutions for precise use-cases, ecosystem conglomerates, and the significant infrastructure of labs and centers of brilliance.
