Adopting Digital and Technology

Making Sustained Advancements

The ease of accessing and deploying Advanced Analytics is crucial for our growth. Advanced models rely on accurate and available data, highlighting the need for an enterprise-level digital architecture that is designed for flexibility and growth.

How We Advanced Digitally During FY 2023-24

Adopted a road-map to drive digital and technology :

This is structured around four areas. Modernising core applications like SAP; Building an enterprise architecture that allows for scale; Adopting advanced analytics to drive manufacturing efficiencies and strengthening cyber resilience.

Executed a global business process re-engineering exercise:

This was completed as a pre-cursor to the planned implementation of SAP S4 HANA. The purpose was to adopt best-in-class processes, simplify and harmonise ways of working across geographies and build better controls.

Initiated AI/ML at Mithapur manufacturing plant:

We have created a comprehensive inventory of use-cases across all manufacturing units at Mithapur. Initial results from the usecases have been very promising and is delivering value.

Adopted a framework to drive data maturity:

We have adopted the TCS DatomTM framework that aligns data, analytics, processes and systems to achieve key business goals.

Digital re-imagination of work:

Employees from across business functions were trained to re-imagine their core work with the use of modern digital tools and techniques. About 50 employees went through specific training and are now executing digital projects relevant to their functional goals.

Strengthening cybersecurity:

The SOC (Security Operation Center) is running a round-the-clock operation and tracks potential threats with real-time advisory. The IT team has used various tools and built an architecture that supports cybersecurity requirements. Further, continuous initiatives are being undertaken to educate users on safe behaviour and practices.

Our journey towards a digitally fluent workforce will get a further impetus, with understanding and harnessing the power of AI as a significant focus area.

The Road Ahead – Plans for FY 2024-25

Underlining our commitment to digital excellence, we have identified several critical initiatives to steer our digitalisation journey in FY 2024-25. Our efforts will be focussed on unleashing the full power of data for everyone, scaling our data lake, generating predictive insights and empowering every employee to drive data-driven excellence.

The SAP S4 HANA implementation will create significant benefits by simplifying and standardising operations across geographies

Scaling up Industrial IoT across key manufacturing units will ensure enhanced efficiencies and reduce unplanned downtime

Implementation of the supplier collaboration system will help boost partner collaboration and ease of doing business with the Company

Improvement in customer engagement and discovery will be enabled through upgradation of the Customer Relationship Management (CRM) solution

Video analytics and data-driven platforms will be extended to proactively prevent accidents and achieve the "Zero Harm" goal

ESG reporting will be transformed through advanced data digitalisation and analytics

Multi-layered security measures and a zero trust architecture will be implemented to boost cybersecurity

Our journey towards a digitally fluent workforce will get a further impetus, with understanding and harnessing the power of AI as a significant focus area

Governance oversight: Board, Audit Committee, Risk Management Committee