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Mahratta Chamber of Com­merce, In­dus­tries & Agri­cul­ture (MCCIA) or­ga­nized the Lead­er­ship in In­dus­try 4.0 con­fer­ence in as­so­ci­a­tion with IIM-Ahmed­abad, at the MCCIA, Pune. The con­fer­ence elicited an over­whelm­ing re­sponse with stal­warts from var­i­ous in­dus­tries, mem­bers and guests at­tend­ing the day­long ses­sion. Manasi Kirloskar, Ex­ec­u­tive Di­rec­tor and CEO, Kirloskar Sys­tems Ltd, was amongst the key speak­ers at the con­fer­ence. Her speech high­lighted that “in­dus­try 4.0 is about cy­ber phys­i­cal sys­tems, such as IoT, cloud com­put­ing and cog­ni­tive com­put­ing are en­hanc­ing au­to­ma­tion to cre­ate smart fac­to­ries. Quan­tum jump in ar­ti­fi­cial in­tel­li­gence, real time com­mu­ni­ca­tion, big data, and ubiq­ui­tous con­nec­tiv­ity are some of the forces driv­ing this change, which will re­sult in sub­stan­tial ef­fi­ciency en­hance­ments and greater flex­i­bil­ity in man­u­fac­tur­ing sys­tems. It will also lower the labour in­ten­sity of man­u­fac­tur­ing, re­quir­ing com­pletely newer skill sets. There­fore, In­dus­try 4.0 will also re­de­fine the ex­ist­ing par­a­digms with low cost of labour and scale of pro­duc­tion no longer re­main­ing the source of com­pet­i­tive ad­van­tage.” The speech was fol­lowed by a Q&A ses­sion moder­ated by Van­dana Sax­ena Po­ria, OBE (CEO, Get Through Guides). When asked about her views on how lead­er­ship has changed with re­gard to mil­lenials, Manasi said, “I think it is im­por­tant for us to un­der­stand that mil­len­ni­als have been born in the age of in­stant ev­ery­thing. If we have an idea, we want it ex­e­cuted that very sec­ond. Thanks to tech­nol­ogy, we have ev­ery­thing at our fin­ger­tips. Ev­ery piece of in­for­ma­tion can be ac­cessed in­stantly. I don’t think that it’s the mil­len­ni­als who have to adapt to the sys­tem any­more. The sys­tem has to change in or­der to op­ti­mize a mil­len­nial’s en­ergy lev­els and way of think­ing.” The dy­namic 5th gen­er­a­tion Kirloskar and great grand­daugh­ter of SL Kirloskar, Manasi car­ries for­ward a 150-year-old le­gacy with in­tel­li­gence, com­mit­ment and style!

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