Sunday, August 9, 2020
Home Lead Story HP to Focus on Industry 4.0, Emerging Markets

HP to Focus on Industry 4.0, Emerging Markets

Digital manufacturing -- which will offer one of the biggest opportunities

HP could be targeting the $12 trillion business in manufacturing as it pushes, fine tunes and works furiously on its 3D printing technology — what it terms Industry 4.0, said Dion Weisler, President and CEO of HP.

“We had plastic to start with and now metals. So from zero dollars, the goal here is to transform industry and for that you have to deeply understand the industry you need to transform,” he said in the course of HPReinvent 2019, the company’s largest global partner event.

Essentially that means moving from building prototypes to actual manufacturing.

One of those areas is automotives. “We are at an inflection point in automotive engines because industry is moving from combustible engine to electric vehicle and 3D printing lends itself to that production,” said Weisler.

At the base is evolution of customers.

The way HP looks at change is: rapid urbanisation and their demands; millennials are taking over and entering the workforce; 95 per cent of these millennials are living in emerging economies.

This is where China and India become significant for HP, both being significant markets for it, said Christoph Schell, President 3D printing and digital manufacturing said.

“China is the largest market for digital market. India is a super interesting country — because they can bring manufacturing back to their country,” Schell said.

HP India
HP unveils 65-inch gaming display with soundbar at CES 2019. Flickr

Pressure applies on the need for innovation as digitisation and hyper globalisation happen at great speed alongside urbanisation. That’s because customers require transformation faster. Meanwhile, market growth also requires mergers and acquisition.

While there exists an opportunity to leverage transformation, the M&A market also provides new opportunity as the acquisition of Samsung’s print business did.

“M&A will be used at the right time,” Weisler said.

HP, as indeed anybody in the same business would be looking at the following ground reality referred to by HP officials:

Also Read- Tech Giant Apple to Offer Support to Media Literacy in US, Europe

Economic impact — By 2025, there will be 850 million households who will need technology. They will also need higher wages. This will be accompanied with 16 per cent shortage in high skilled labour. Now nearly half of 850 million households will be in India and China.

Energy sustainability — In the case of India, the fastest growing economy in the world, by 2035 there will need to double power output.

Changes in compute model — Even Cloud systems would need a limit, by 2023, it would occupy 164 zettabytes of space which would be impossible to do. This will require a radical shift in data.

Digital manufacturing — which will offer one of the biggest opportunities. (IANS)



Most Popular

Richa Chadha Pleased to see Volunteers Working for Elderly Amid Pandemic

Actress Richa Chadha points out senior citizens need extra care and attention amid the ongoing Covid-19 pandemic. She recently interacted with volunteers of foundations...

Bhagavad Gita: Here is the Collection of Sanskrit Verses from Dhyana Yoga

The Yoga of Meditation uncovered by Krishna is arranged in sixth Chapter, Dhyana Yoga of Bhagavad Gita. Sri Krishna uncovers the Yoga of Meditation...

Facebook Produces 600 Homes, 70% Reserved for Low-Income Residents

Facebook has produced and preserved approximately 600 affordable homes near its headquarters in Menlo Park, California, of which roughly 70 per cent are reserved...

Google, IBM, Microsoft AI Datasets Show Gender Bias

Revealing another dark side of trained Artificial Intelligence (AI) models, new research has claimed that Google AI datasets identified most women wearing masks as...

This Year Has Been a Wake-Up Call for Us: Bhumi Pednekar

This year has been a wake-up call for us, and if we do not work towards maintaining a balance, our cities will continue to...

Anushka Sharma: Watching Movies Doesn’t Always Help You Understand Them Better

Actress Anushka Sharma says watching films does not always help understand the medium better, and that experiences in life help add value to storytelling,...

Sadhguru: Youth is the Most Alive, Idealistic, and Energetic

Spiritual leader and author Sadhguru believes in the potential of the youth. "Youth has enormous potential. If we can inspire them to identify with humanity...

Increase in Deforestation in Brazilian Amazon Causes Massive Forest Destruction

Deforestation in the Brazilian Amazon increased 34.5 per cent between August 2019 and July 2020, with a total of 9,205 square km of forest...

Recent Comments