Business News This Week
The summit will focus on issues facing manufacturers in India, including the changing economic environment, increasing connectivity and the need for real-time insights that can improve operations. Attendees to the event represent critical industries such as refining, petrochemicals, oil and gas, chemicals, power, and minerals and metals.
HPS will showcase next-generation technologies for digital transformation, the Industrial Internet of Things (IIoT), and best-practices in process control and automation that can help manufacturers improve business performance.
“According to recent research by Accenture, the IIoT could contribute US$14.2 trillion to world output by 2030. India has immense potential of benefitting from the technology if it improves its infrastructure and skills that will help support the adoption of new technologies,” said Bruce Calder, chief technology officer for HPS. “Honeywell has been leveraging the concepts and technologies behind the IIoT as part of the vision that we have been evolving towards for several years.”
As organizations adapt technologies to help them take advantage of the benefits of the IIoT, the increased connectivity also brings added risk. The summit will feature a panel of experts from the Indian government, Honeywell and industry, which will discuss how to build cyber security skills within organizations and ways to sustain it.
“With increasing connectivity, there is an immediate need for cyber security solutions that take a measured approach to managing the industrial IT lifecycle,” said Vikas Chadha, managing director, Honeywell Automation India Limited and HPS India leader. “Increasing plant reliability by using next generation cyber security solutions will be critical.”
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