In the current market scenario, where quick implementations of innovative solutions has become the need, collaborative models are going to be the new trend across industries.
Innovation is critical to driving growth but largely remains an opportunity for many companies today. The current market scenario demands quick implementations and multiple trials with varied solutions, a collaborative approach where the agility and experience of companies are going to be the new normal in industries. Such platforms are the need of the hour.
Enterprises need to adopt such ready-made platforms to speed-up their transformation journey by executing the Proof of Concepts (POCs) in a faster and low risk manner. This will not only help in solving the defined use cases but also contribute in building collective capabilities between enterprises and entrepreneurs.
In the current market scenario, where quick implementations of innovative solutions has become the need, collaborative models are going to be the new trend across industries. To solve the real-world challenges in the manufacturing sector using frontier technologies-based innovations, start-ups innovate, go to market, and scale quickly with limited resources at viable price points.
Thriving in the huge success of its last three editions and upon receiving encouraging response from the industry and the innovators, NASSCOM's Gandhinagar-based Center of Excellence(CoE) - IoT & AI has recently launched the 4th edition of Manufacturing Innovation Challenge. The MIC 4.0 (July 19 - September 7, 2021) aims to address three key challenging problem statements in the manufacturing sector that helps to increase:
• Resource Optimization
• Increase Throughput
• Predictable & Resilient Supply Chain
Looking at redefining the enterprise- entrepreneur engagement, the CoE- IT & AI is inviting nominations for use-cases from Manufacturing Companies. The criteria for the selection of use-case are as below:
a. Use-case that will have some level of innovation
b. Company is ready to do a paid POC immediately after the winners are announced
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