Industry 4.0 is transforming the manufacturing and operations ecosystem by enabling cost savings and increased revenues, leading to significant benefits in terms of enhanced operational efficiencies, improved asset utilization and labor productivity, and increased visibility and inventory tracking. As a result, enterprise investments in technologies enabling Industry 4.0 have increased across the value chain.

Engineering service providers are helping accelerate enterprise adoption of Industry 4.0 through a range of services in the domains of consulting and design, development, deployment and system integration, and others.

Mindtree has been named Major Contender in Everest Group’s Industry 4.0 Services PEAK Matrix® Assessment 2022. We have been recognized for our strong partner ecosystem and internal capabilities to deliver engagements centered around cloud, analytics, IIoT, and intelligent technologies (AI/ML).

Also, Mindtree’s acquisition of NxT has boosted capabilities across IIoT, AI/ML, and analytics, particularly for use cases involving shop floor automation, connected equipment, asset tracking, predictive maintenance, and analytics-driven decision making.

Peak Matrix

Speakers

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Nilesh Chordiya

VP, Banking and Financial Services, North America

Mindtree

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Sagar Sinha

VP, Sales and Channels

TookiTaki

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Jay P Holder

Director, Banking and Financial Services, North America

Mindtree

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Nilesh Chordiya

VP, Banking and Financial Services, North America

Mindtree

img

Sagar Sinha

VP, Sales and Channels

TookiTaki

img

Jay P Holder

Director, Banking and Financial Services, North America

Mindtree

img

Nilesh Chordiya

VP, Banking and Financial Services, North America

Mindtree

img

Sagar Sinha

VP, Sales and Channels

TookiTaki

img

Jay P Holder

Director, Banking and Financial Services, North America

Mindtree

‘Expecting The Unexpected’ is one of the key takeaways for mankind across the globe from the COVID-19 pandemic. If Banks and Financial institutions have received one clear signal from this unprecedented disruption, it is that resilience and readiness are essential levers for business continuity. These need to be revisited or reevaluated from time to time by banks and financial institutions. They need to rethink their growth strategy and transform themselves as customer expectations has changed dramatically.

Every customer action and touchpoint are required to be redesigned with digital capabilities and remote accessibility. Banks need to model their solutions inclined to customer expectations, moving away from Product or Business centric approach. The new generations (Gen Z) possess the zeal towards technology and innovations and are willing to go an extra mile for real time solutions. They are susceptible to churn and banks can easily lose them due to inefficiency and delay in services. Seamless experience and real value will help banks retain such customers.

As anticipated, every such Digital transformation is combined with intelligent automation, data analytics and cloud to make the transformation seamless. This paper unveils the top trends which are most prominent in this post pandemic era across the Banking Industry and we anticipate these trends to be the game changer for the Banks in the near future. We hope this read will benefit the leaders at different levels across CIO, CTO, CRO, Head of Banking, Credit Risk, Business Head, Product Head and Head of Compliance in laying the right path for future of banking.

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