There’s no doubt that Robotic Process Automation (RPA) is here to stay. It is leading to the increase of a global digital workforce in every industry. However, traditional automation is not yet 100 percent capable of accessing all company data and information. Much of this information is stored in old-fashioned formats, so human intervention is necessary to make sense of this ‘ dark data ’ and then feed it into a RPA workflow.

We live in a culture of instant gratification with a plethora of options to choose from and this is redefining customer experience. Whatever room for error existed before our digital nativity has now disappeared. For business enterprises, this presents a complex challenge, as catering to the evolving needs and expectations of consumers while remaining competitive, has become harder than ever.

A 2018 NASSCOM Report said that India’s IT-BPM industry recently generated revenues of $167 billion and employed more than 4 million people. What this inevitably leads to is more jobs within the Indian IT-BPM industry where there is a continuous need for employing people with greater skills to meet ever-changing industry needs. Recent NASSCOM estimates have pinned at least 100,000 new jobs that were thus created in 2017-18.

The rise of the Internet in the last decade has brought about new business models and market segments that have revolutionized the way in which companies operate today. The nation’s digital economy is poised to undergo explosive growth due to the proliferation of devices, and the Internet economy is predicted to touch the $266 billion mark in 2020, accounting for nearly seven per cent of the country’s GDP.

It’s an open secret that automation is providing every industry with an overwhelming sense of simplicity that is changing how they function. While many are focusing on the products and technologies, the impact of this simplicity is being seen in another field that is going under the radar - network engineering and people management aimed at the inno

The Bosch Jaipur Knowledge Centre in Rajasthan is also transforming the lives of young girls in the region. Historically, these girls are married off at a very young age and are thus forced to drop out of school and abandon dreams of a career. Bosch supports such children with education and family counseling that empowers them to change their mindset.

Bosch addressed this challenge by retrofitting its energy efficiency solution with minimum disruption, mainly during the regular maintenance shutdowns. The result of the energy efficiency solution is an encouraging 14 percent reduction in the plant’s energy consumption. Production staff at the plant are also trained to optimally use the systems, thus making it self-sufficient and serving as an example for other dairy plants to draw inspiration from.

Once integrated, Bosch’s surveillance solutions can trigger alerts that help neutralize widespread threats and ensure public safety. Video analytics can be used to detect crowd density at critical locations to ensure safe movement. For major emergencies, the solutions are also capable of crowd control through the PA system to direct individuals towards established safe zones or exits.

Through the Digital Shopfloor management system at Bosch Limited’s Jaipur manufacturing facility for instance, the plant has implemented Smart Manpower. So, whenever an associate swipes his card to enter the plant, he automatically gets allocated to a machine and task for the day. This allocation is calculated through complex mathematical algorithms that digitize skills and priorities.

Buddhasen Vishwakarma’s story perfectly encapsulates the transformation that Bosch is driving. A carpenter by profession since the age of 14, Buddhasen is also driven by an unquenchable desire to follow his artistic pursuits and build something creative with his hands. In his free time, he makes designs and sculptures and has become a celebrity in his village of Baikunthpur, Rewa, Madhya Pradesh for gifting Honorable Prime Minister, Shri Narendra Modi, a handmade wooden motorcycle.

Such a future is already in the making thanks to recent government policies regarding BS-VI emission norms and policies encouraging electric vehicles. Over the next decade, the Indian automotive industry will change completely to impact manufacturers across the value chain. This will see new players enter the market, new service-based business models transform the industry and it will change the very way in which India travels.

Through 2017, we have seen technological advancements, new regulatory policies, and ever demanding customers reshape the banking industry’s landscape. In these times of uncertainty, only one thing is certain – change. Below are some of the FinTech trends that could become major game changers in 2018.

Today, the $150 billion Indian IT services industry makes for 9.5% of the country’s GDP and employs 3.7 million people across the world. However, the shortage of skilled employees has become a major obstacle for the sector. Indian IT education, thus, desperately needs to evolve, beginning with the kinds of programming languages taught early on.

As the "idea economy" and "digital transformation" pervade every aspect of citizens' lives, the telecom industry is concurrently undergoing massive changes. Users are increasingly turning to mobile data and wi-fi, and this is rendering traditional telecom services such as voice calls and SMS obsolete. We may soon reach a time when the term "telecom" will have to be replaced by "datacom"!