New IT budgets have been allocated for spending on IT initiatives of Supreme industries.
Supreme Industries Limited is India’s leading plastic processing company with seven business divisions with more than 28 manufacturing plants. The company has forayed into different types of plastic processing in Injection Moulding, Rotational Moulding (ROTO), Extrusion, Compression Moulding, Blow Moulding and others. IT is a business enabler and plays a big role in business strategy. The savings from IT initiatives are significant but they come in over a longer period of time.
“So spending out of savings may not always be feasible. It is usually spent first and reaps huge benefits later,” said Sudhir Kanvinde, CIO, Supreme Industries who is a recipient of ‘Digital India Award 2020’ from the President of India Ram Nath Kovind for Port Community Systems (PCS). PCS is an IT initiative of the Ministry and it was a successful implementation during the difficult Covid times.
Major focus areas for 2022
Artificial Intelligence and Machine Learning have been around for a long time now but are still in the early stages.
“It influences the way we live and make decisions so it will continue to be significant. It will continue to play a big role in resource utilisation, predicting consumer behaviour by analysing data in real-time,” added Kanvinde.
He further added that as the quantity of data continues to increase, “we have come across some shortcomings of cloud computing. Not always but in some situations. Kanvinde is bullish about Edge Computing, which aims to bypass the delays in cloud computing. Data will be closer to where computing needs to happen. Edge computing will increase as the use of the Internet of Things (IoT) devices increases.
Virtual Reality and Augmented Reality have primarily been used for gaming but now it has enormous potential in training, entertainment, education, and marketing areas.
“Internet of Things (IoT) will continue to be surrounded by more and more smart devices at work and at home. Devices collect data and help in predictive analysis, better consumer experience, and many more.
As long as we have hackers, cybersecurity will remain a trending technology because it will constantly evolve to defend against those hackers,” said Kanvinde.
Ease of working
Flexible work schedules and remote work policies to provide a better employee experience was the immediate change required to keep things moving during the pandemic.
“Adopting automation wherever possible is the approach followed by many organisations, there will be more investment in technologies like Robotic Process Automation going forward. It is seen as the surest way to minimise future business disruptions. Cybersecurity concerns have increased manifold,” concluded Kanvinde.