to work in silos and meet changing market demands .
“ When you look at the value chain today , what is impacting it the most ? It ’ s a rapidly changing business model and there are lots of new technologies being introduced and you can ’ t do everything yourself ,” says Shetty .
“ You need to have various ecosystem partners and traditionally people thought that partners meant only technology partners . Today ’ s customers want one entity who can look after the entire value chain . It can be multiple players who can add to the big picture . But all these partners should be aligned to the end goal of the value chain to serve customers to meet their business objectives .”
Looking to the future , Shetty believes that digitalisation will continue to transform the manufacturing industry and play an influential role . “ In the last five years , technology has enabled transformation around us . It has become cheaper and customers have become more agile to adopt & leverage the latest tech . Products have become complex because you have different elements in today ’ s intelligent products . With a complex ecosystem , it ’ s important you have versatile skillsets across the board . LTTS has brought together lots of partners to create an ecosystem of excellence which can help build valueadded solutions to end customers to transform their business model .”
115 manufacturinggloabl . com