Dassault Systèmes And Nasscom Virtual Twin Technology Impact Report Highlights 2x Growth In Its Adoption In India

•             90% of the enterprises surveyed are aware of digital and virtual twins

•             45% of virtual twin deployments take nearly 12-24 months at each level, indicating the time-intensive technology discovery-to-production cycle with each new virtual twin implementation

•             33% of the virtual twin initiatives in life sciences are driven by top leadership (CXOs), compared to just 22% on average

•             3X more life sciences companies indicate dependence on downstream companies’ virtual twin adoption for their own virtual twin impact

Dassault Systèmes (Euronext Paris: FR0014003TT8, DSY.PA) and nasscom today released a report on the adoption and impact of virtual twin technology.  The report reveals a twofold increase in virtual twin implementations post-pandemic. Virtual twin adoption in India could play a crucial role in accelerating the design-to-realization process, helping organizations achieve their sustainability and circularity goals across the value chain.

Here are the key findings for India:

Digital and Process Maturity

•             57% of Indian enterprises allocate less than 30% of technology spending to digital spend

•             Over 50% of the enterprises also indicate patchy digitalization, with only the key functions digitalized, but in silos, thereby limiting effective ROI realization

•             Less than 1-in-5 companies have put in place advanced process automation; the majority have implemented Retrofitted Process Automation (RPA)

Virtual Twin Budgets and Scale

•             25% of the companies do not have formal budgets for virtual twins

•             80% of the companies have less than 7% of tech spend allocated to virtual twin adoption

•             63% of Indian companies deploy virtual twins at the product or process level. 40% of those companies are at the product level in using virtual twins, 23% at the process level. Precision in product-market fit came as one of the top three objectives for implementing virtual twins.

Deployment Time

•             75% of virtual twin implementations in India take between 12-24 months of deployment time at each level of product, process, or system virtual twin

Primary Business Objectives

•             Precision in product market fit

•             Manufacturing process efficiencies

•             Remote maintenance and worker safety

Supplier Strategy

•             75% of Indian enterprises cite supplier selection as a major challenge

•             50% are evaluating suppliers

Tech Readiness

•             70% of Indian firms indicate that across software, IT-OT hardware, and connectivity tech, they are still in the PoC/pilot stages

•             Analytics and AI/ML applications are some of the least productionized, after high-definition 3D software and other specialist applications

•             67% of enterprises seek either best-of-breed software packages or partner with large managed service providers for their virtual twin applications

This report is based on a survey of 130 companies in India as well as across Europe and APAC, focusing on large and mid-sized enterprises with annual recurring revenue (ARR) of $500 million and above. The survey spans four major industry segments: continuous manufacturing, discrete manufacturing, public infrastructure and smart cities, and life sciences and healthcare.

“Virtual twin technology is poised at the brink of transformative potential, marked by a sharp increase in awareness and early adoptions since the pandemic. Although full-scale implementations and dedicated budgets remain limited, the focus on optimizing assets and processes opens up expansive opportunities. Overcoming hurdles in software procurement, enhancing top-level commitment and ecosystem synergies can unlock groundbreaking innovations, driving industries toward a more efficient and digitally integrated future,” said Sangeeta Gupta, Senior Vice President & Chief Strategy Officer at nasscom.

“With our latest report on virtual twin technology impact and adoption in collaboration with nasscom, we are encouraged by the significant growth in adoption and the emergence of industry-specific use cases. Our report underscores the imperative for organizations to secure top leadership commitment and navigate software procurement challenges to achieve production-grade capabilities. We remain committed to empowering businesses in their journey towards enhanced performance and operational efficiency through virtual twin technology, driving sustainable growth and innovation across industries,” said Deepak NG, Managing Director, India, Dassault Systèmes.

For more information:

Dassault Systèmes’ 3DEXPERIENCE platform, 3D design software, 3D Digital Mock Up and Product Lifecycle Management (PLM) solutions: http://www.3ds.com

Link to the report: https://tinyurl.com/VirtualTwins

Chicco’s ‘No Phenoxyethanol’ Range Of Baby Moments Baby Cosmetics Is Becoming A Sought-After Choice Of New-Age Parents

Babies have a very delicate and soft skin and needs utmost care. Parents are aware about the importance of using products made by using the right ingredients, and thus remain more vigilant about the same, throughout. Earlier parents used to look for products which were SLS, SLES, Dyes & Alcohol-free as these chemicals are harmful on the baby’s skin. However, new age parents are a step ahead when it comes to safety, as they are continuously looking for products — free from phenoxyethanol. With a brand like Chicco, leading the charge — choices have become easier for parents. Chicco is one of the pioneer brands in upgrading its Baby Moments Baby cosmetics range by making it free from Phenoxyethanol and since then, the choice of customers seeking safer baby products has become simpler.

Some of you would be wondering what is Phenoxyethanol. Phenoxyethanol is an economical chemical used in cosmetics to increase their shelf life. However, it is increasingly becoming an ingredient of concern in many countries. The European Scientific Committee on Consumer Safety (under European Medicine Agency) allows its usage at a maximum concentration of 1%. Similarly, Ministry of Health, Labour and Welfare, Japan defines it as a ‘restricted ingredient’ and limits its usage to 1%.

Its very important that when you buy baby cosmetics next time for your baby, please read carefully the ingredients on the back label of the product to check if it has Phenoxyethanol or not. The common names that are used for Phenoxyethanol on product labels are phenoxyethanol, ethylene glycol monophenyl ether, 2-Phenoxyethanol, rose ether, phenoxyethyl alcohol, beta-hydroxyethyl phenyl ether. However, ayurvedic products may use some other names.

Chicco Baby moments is not just free from Phenoxyethanol but it's also free from Tropolone, with no added EDTA and Phthalates. It does not have Parabens, SLS, SLES, Dyes, and Alcohol as always. Moreover, it’s enriched with many natural ingredients of 100% vegetarian origin that are known for baby’s skin nourishment.

Mr. Rajesh Vohra, CEO – Artsana India (Chicco) sharing his elation says – “At Chicco, we make every effort through our scientific knowledge and global experience of more than 65 years in more than 120 countries to fulfil the wishes of new-age parents. Chicco Baby Moments was the pioneer in offering Parabens-free baby cosmetics in India 12 years back while its use was still not prohibited.

Similarly, for Phenoxyethanol, while it may still be allowed to be used in limited quantity, the concern about the ingredient in itself is a good enough reason for Chicco to launch a completely Phenoxyethanol-Free range for today’s new age consumers”.

Chicco Baby Moments range is for new-age parents who are more aware and more demanding when it comes to baby care. They insist on the best and the safest for their baby. New-age parents keep themselves abreast with the latest scientific advancements and adopt them fast to remain always ahead.

Price:

Chicco Baby Moments range is available under three categories- Bathing essentials range comprises gentle body wash & shampoo, soap, and Shampoo; the Moisturizing line offers body lotion, massage oil, rich cream, and baby cream; Changing product range consists of Rice starch-based talcum powder and diaper rash cream. The range is available at a very competitive price point starting from Rs. 65.

Availability:

The product is available at all leading baby and pharmacy stores, supermarkets and online portals including www.chicco.in.

IN-SPACe Announces Launch Of Pre-Incubation Program (PIE) For Aspiring Space Startups

Recognizing the rising interest in space exploration among young entrepreneurs, the Indian National Space Promotion and Authorisation Centre (IN-SPACe) has launched the Pre-Incubation Entrepreneurship (PIE) Development Program, a pioneering initiative designed to support and nurture early-stage space startups. The PIE Development program will cultivate and empower the next generation of space tech innovators, providing them with the tools and guidance necessary to transform their space dreams into reality.

The 21-month program will guide aspiring entrepreneurs through a comprehensive journey divided into distinct phases of ideation, innovation, and prototype development. The program will ensure that budding entrepreneurs receive structured support at each critical stage of development.

Dr. Pawan Goenka, Chairman of IN-SPACe, emphasized the importance of this initiative: “India's space sector is poised for exponential growth, and young entrepreneurs are crucial to driving this expansion. The PIE program will provide them with a launchpad, equipping them not only with technical expertise but also with the business acumen needed to navigate the complexities of the space industry. The early-stage support will help to unlock the potential of innovative minds and contribute to India's leadership in the global space industry."

The PIE Development Program will help young entrepreneurs transform their innovative ideas into prototypes by fostering a collaborative learning environment giving participants an opportunity to connect with and learn from seasoned mentors, handpicked from leading research institutions, incubators, academia, and prominent space industry players. This direct access to industry veterans and subject matter experts will provide invaluable insights, feedback, and networking opportunities. It will inculcate a culture of innovation in entrepreneurs, propelling scientific advancements that generate socio-economic benefits, contribute to broader economic development and create new job opportunities in India’s space sector.

As per guidelines of the program, applicants must be Indian citizens graduating in 2024 or already graduates, they should not have received any grants, funding, or monetary support from private or government schemes and all submissions must be original work to qualify for this program. Start-ups registered with the Department for Promotion of Industry and Internal Trade (DPIIT) on or after July 1, 2022, are classified as early-stage start-ups.

This program will target students in technical courses or those with a strong interest in space technology, expected to graduate in 2024, or pursuing Master's or Doctorate programs and early-stage start-ups focusing on space technologies and aiming to develop entrepreneurial ventures.

IN-SPACe invites aspiring space entrepreneurs and early-stage start-ups to apply for the PIE Development Program. This is a unique opportunity to be part of a transformative journey, gaining access to unparalleled resources, mentorship, and a platform to showcase their innovations. For more information and application details, please visit www.inspace.gov.in

CODE-AI: An International Conference On Data Science & Exploration In Artificial Intelligence With MAHE Bengaluru

Manipal Institute of Technology, a constituent institute of Manipal Academy of Higher Education (MAHE), Bengaluru, is proud to host CODE-AI, powered by CGI and in collaboration with Linnaeus University, Sweden, and SUPSI (University of Applied Sciences and Arts of Southern Switzerland) on the 3rd and 4th of July at their campus in Bengaluru.

At the event, experts will share insights on data science and AI, such as latest advancements and ethics, cutting edge research, and the future of AI and Data Science. CODE-AI will be an international conference on Data Science and Exploration in Artificial Intelligence which invites Data Science and Artificial Intelligence enthusiasts to explore the latest advancements and ethical considerations in these fields as well as cutting edge research insights and networking opportunities.

Event also called for paper submissions on Data Science, Industrial Applications, IoT, Security, and Cloud Networking among others. From the 734 papers submitted, 203 papers have been accepted that will be presented on the day of event.

Ashok Chatur Vedula, Senior Vice President and Business Unit Leader, CGI, Bengaluru will be present as the Chief Guest along with Prof. Dr. Francesco Flammini, Professor of Trustworthy Autonomous Systems, Head of Bachelor in Data Science and AI University of Applied Sciences and Arts of Southern Switzerland (SUPSI), Switzerland and Dr. Sandip Chakraborty, Associate Professor, Dept. of CSE, IIT, Kharagpur as the Guests of Honor.

Prof. Dr. Francesco Flammini, Professor of Trustworthy Autonomous Systems, Head of Bachelor in Data Science and AI, University of Applied Sciences and Art of South Switzerland (SUPSI), Switzerland, Dr. Kamal Das, IBM Research, Bengaluru, India and Dr. Sandip Chakraborty, Associate Professor, Dept. of Computer Science and Engineering, IIT, Kharagpur will be present as keynote and plenary speakers. 

Participants will be felicitated with Best Paper Award, Best Paper Award in the Category of SDG, Best Student Paper Award, Women in Engineering (WiE) and Best Presenter Award.

About Manipal Academy of Higher Education Bengaluru (MAHE B’LRU):

Established in 1953, Manipal Academy of Higher Education (MAHE) is an Institution of Eminence and a Deemed to be University. With a remarkable track record in academics, state-of-the-art infrastructure, and significant contributions to research, MAHE has earned recognition and acclaim both nationally and internationally. In October 2020, the Ministry of Education, Government of India, honoured MAHE with the prestigious designation of Institution of Eminence Deemed to be University. Currently ranked sixth in the National Institutional Ranking Framework (NIRF), MAHE is the preferred choice for students seeking a transformative learning experience.

MAHE Bengaluru, an off-campus of MAHE, excels in delivering comprehensive education to students, supported by highly qualified faculty, and dedicated mentors. The MAHE Bengaluru campus has an inspiring, future relevant learning ecosystem, on a new age tech enabled living campus. Here, the students immerse themselves, transform and discover multiple choices and opportunities. At MAHE Bengaluru, the potential for growth and the opportunities available are boundless.

MAHE Hosts One-Day Clinical Competency Development Program For Philips Engineers

The Office of Corporate Relations at Manipal Academy of Higher Education (MAHE), in collaboration with Kasturba Medical College (KMC), Manipal, successfully hosted a one - day Clinical Competency Development Program for a specialized team of fourteen engineers from Ambulatory Monitoring and Diagnostics from Philips Innovation Centre, Bangalore. This event, held on June 14th, 2024, focused on ambulatory monitoring and diagnostics. The program, designed to bridge the gap between engineering expertise and the practical realities of healthcare, provided participants with a comprehensive learning experience. Through engaging classroom sessions led by renowned faculty from KMC, the engineers gained a deeper understanding of cardiac device functionalities, their clinical applications, and the intricacies of patient care. The program went beyond theoretical knowledge, offering participants invaluable hands-on experience with cutting-edge cardiac devices.

Dr Harish Kumar, Director of Corporate Relations at Manipal Academy of Higher Education (MAHE), extended a warm and heartfelt welcome to the attendees followed by Dr Vinod C Nayak provided an insightful overview of the program's rich agenda, outlining the carefully curated sessions designed to delve into the intricacies of the chosen subject matter

Dr Narayana Sabhahit, Pro Vice Chancellor – Technology & Science, MAHE, emphasized the integration of technology and medicine is the future, and by equipping engineers with clinical knowledge, the program lays the foundation for advancements in healthcare that will address societal needs. He expressed his optimism that the program would produce graduates who can seamlessly bridge the gap between engineering and medicine, driving progress in healthcare delivery and improving the lives of patients.

Dr N N Sharma, Pro Vice Chancellor - Strategy & Planning, explained that this collaborative approach, embedded within the program, not only elevates technical competencies but also cultivates a profound understanding of the clinical impact of these innovations. By bridging the gap between engineering prowess and medical expertise, the program empowers participants to design and develop solutions that cater to real-world needs, ultimately improving the lives of patients and advancing the frontiers of healthcare.

Dr Raviraja N.S, Chief Operating Officer Designate, Director- Planning & Monitoring, MAHE, Manipal believes that this convergence holds the key to transforming healthcare delivery and improving patient outcomes. He envisions a future where AI-powered diagnostics, personalized treatments, and remote patient monitoring seamlessly enhance the efficiency and effectiveness of medical practices.

As the program drew to a close, Dr. Harish Kumar S, Director of Corporate Relations at MAHE, took to the stage to deliver a heartfelt vote of thanks. He expressed profound gratitude to all participants, both from Philips and MAHE, for their active engagement and invaluable contributions that had made the event a resounding success, highlighted the palpable enthusiasm and dedication displayed by both Philips engineers and MAHE staff, stating that their combined efforts had established a new standard for future competency development programs.

Max Kids Festival Brings Nationwide Canvas For Unleasing Imagination

* Max Kids Festival – Character World’ Goes Nationwide This Summer 2024

Pioneering the global fashion landscape, Max Fashion proudly unveils the return of its popular Max Kids Festival campaign for summer 2024. Since its inception 14 years ago, the Max Kids Festival has grown to become a landmark event that families eagerly await each summer, playing a key role in strengthening Max's position as the most loved fashion brand with everybody in the country. Today, the kid’s category accounts for one-fourth of Max's total sales. The nationwide annual initiative focuses on kids and teens celebrating their creativity through the medium of art. This year's edition will feature an unprecedented all-India drawing and colouring contest for kids and teens across 21 cities and more than 100 Max stores.

Pallavi Pandey, Head Marketing, Max Fashion India exclaims " The Max Kids Festival is our biggest and most beloved annual brand IP. Each year, it grows grander in scale and ambition as we strive to create an unparalleled experience for our youngest fans. We realize the boundless passion, creativity, and effort inherent in kids, which is why this year, we are showcasing their incredible talents in a truly spectacular fashion. The festival is a celebration of kids' imagination brought to life and we are committed to providing a platform that amplifies their voices and creative expressions like never before.”

Inaugurating the drawing exhibition, acclaimed actress and former Miss India, Neha Dhupia, graced the occasion. She also  interacted  with   esteemed guests during the event.

Every year, Max thoughtfully curates the collection around popular comic themes. This year, they have expanded their inspiration beyond just comics to also incorporate beloved shows and characters from leading OTT platforms. The 2024 collection is a delightful amalgamation of iconic comic characters like Garfield, SpongeBob, and LOL Surprise, seamlessly blended with fan-favourite OTT sensations such as Wednesday, Stranger Things, One Piece and more priced at 129 INR onwards. The event will feature an exhibit showcasing the shopping bags created by the kids, accompanied by engaging art activities tailored for kids and teens. Additionally, a youth fashion show will take center stage, spotlighting the Urban collection.

Sumit Chandna, President & Deputy CEO of Max Fashion India, on the occasion said " For years, we have stood the test of time by staying true to our commitment of bringing the coolest and trendiest collections for teens and kids. This unwavering focus has not only strengthened our brand identity but also helped us increase the contribution from the genz and youth segments year after year. We take immense pride in being a brand that resonates with the ever-evolving tastes and preferences of the youth, ensuring we remain their go-to destination for fast fashion."

Open to kids starting from 3 years and above, the 2024 Max Kids Festival will take place at Max stores PAN India, with the theme: “Draw Your Superhero saving Earth” on a shopping bag made from recyclable paper provided at the store. With 23000+ kids registering from multiple cities, the entries received will be exhibited at a special Max Kids Festival event on June 16 at the Mall of Asia, Bangalore. A select seven grand prize winners will win an all-expenses paid trip to Kashmir, with their families.

ABOUT MAX FASHION INDIA:

Max Fashion, known for ‘everyday fashion’ is the biggest fashion brand across the Middle East and India. Opening its first store in the Middle East in 2004, the brand has grown at a phenomenal pace and is now present in 21 countries. In India, currently with 512 stores & presence across 220+ cities; Max is the largest family fashion brand not only in the Middle East but also in India in the shortest span of time.

Max Fashion’s brand vision is to “democratise fashion” for the contemporary middle class by offering global fashion trends at amazingly affordable prices. It enjoys universal appeal across young families as well as millennials, who are not only fashion conscious but tech-savvy, because of a well-balanced portfolio across Apparel, Footwear & Accessories for Men, Women & Kids.

Max Fashion is a true Omni-channel brand with outstanding Online shopping experience through the maxfashion.com website as well as an engaging app which is enjoyed by millions of consumers.

For more information, visit https://www.maxfashion.in/in/en/

To Strengthen Corporate Relations, IIM Kashipur To Host Firms In Delhi, Outreaching To Gulf, Southeast Asian Companies

·        IIM Kashipur (Uttarakhand) is taking a slew of steps to strengthen corporate relations and attract more recruiters. The institute is rigorously focusing on corporate outreach events, shall be hosting companies in Delhi apart from campus and outreaching to companies of Gulf and Southeast Asian region.

·        IIM Kashipur made these announcements during its Annual HR summit ‘PERENNIAL 2024’ held on June 15, 2024 at Bengaluru.

·        Panelists discussed on future of work from home, AI in HR. Work from home is affecting the mental health of the employees, says the panelists.

One of India’s premier management school, Indian Institute of Management (IIM) Kashipur (Uttarakhand) is expanding its horizon to attract companies with a slew of measures keeping the global job market in mind.

In an Annual HR summit ‘PERENNIAL 2024’ held on June 15 at Bengaluru’s Holiday Inn hotel, IIM Kashipur announced that the institute will also host companies in Delhi for the campus placements to attract diverse companies from across the country.

The institute hosted 200+ companies in the 2024-25 placement season at the IIM Kashipur campus.

The institute also announced that IIM Kashipur will continue reaching out to companies through HR summits and events in southern part of the country focusing on cities like Silicon Valley Bengaluru, Hyderabad, Chennai and others.

To enhance its corporate relations and maintain close bonding with the companies providing them a platform to discuss the future of the HR and management industry, the institute held three events in the last one year, the officials said.

Besides, the institute is reaching out Southeast Asian and Gulf companies to enhance its global footprint, said the institute officials in a day long HR summit held in Bengaluru on June 15 at Holiday Inn hotel with a theme Future-Ready HR, Nurturing Talent for tomorrow’s success.

Prof. Utkarsh, Chairperson, Placement and Corporate Relations, IIM Kashipur said, "We are taking a slew of steps under corporate outreach programme to strengthen our bonding with firms. We believe, our students are our brand ambassadors and it’s our responsibility to prepare them for the industry and provide best working opportunities.”

The latest Annual HR summit held in Bangaluru on Saturday on the topic, “Cultivating a culture of continuous learning: Empowering employees for the career growth.”

The Chief Information Officer, Talent Ola, Sachin Garg was the Guest of Honor of the event along with the HRs of five companies.

Mr. Rakesh Gopalani, DGM- People and Culture, Porter, Ms. Aparna Chetan, CHRO, Torry Harris, Ms. Amrutha M, HRBP, HP and Ms. Monalisha, Associate Director Human Resources, Flipkart were the panelists moderated by Mr. Sharad Prakash, Senior Project Manager - Supply Chain, Takeda Pharmaceuticals and IIM Kashipur Alumnus.

The panelists discussed on the introduction of AI in HR, the future of work from home and challenges ahead of the HR industry. There were interesting discussions on from policing to being humane, how a buffet of services will be the future for employees in organizations.

The panel also discussed over the virtual biases and the ways to avoid them and recognize the employees better.

Mr. Rakesh Gopalani spoke about the gaps in the mentor-mentee relationship and how we must be free of any hesitation to learn from mentors referring to anecdote that the child who cry most gets more attention in the family.

Ms Monalisha from Flipkart talked about the India’s transformation from service provider to a global leader due to ease of business, closeness to the market and hub good talents.

Miss Amrutha brought in the interesting concepts of reverse mentoring and speed mentorship and the role they play in career growth. She also highlighted potential ways to retain talent by introducing a bucket of offers.

Mr. Sharad Prakash, who was moderating the event not only navigated the guests throughout the discussion to get the best insights but also shared his real time experiences from journey.

Future of Work from Home

On the question future of ‘work from home’, Mr. Rakesh Gopalani, from Porter said that the work from home is affecting the mental health of the employees. It’s important to have separate work and personal space. 

Ms. Aparna Chetan, from Torry Harris pointed out that work from home has its advantages as well as disadvantages. “The team effort is completely missing from work from home method which is key to the company. You learn from your surroundings, seniors which totally missing. We need to distinguish between personal and professional life which mixes during the work from home and it affects our mental health.”  

While Ms. Monalisha, from Flipkart contended that disconnecting office work and personal life is important but one size doesn’t fit all. The companies need to keep both the options open for employees.

Challenges for HR industry

Talking over the upcoming challenges of the HR industry, the panelists said that HR industry came a long way from policing the employees to supporting them. “We need to introduce value system in the work place, bucket of offers, develop personal bonding and help the employees in developing sense of belonging to the company.”

While Rakesh Gopalani added that with empathy and gesture, the industry needs to invest in the employees to strengthen boding with the companies. “We are also reaching out to the families of the employees by sending cards thanking them for their support to our employee. Such gestures will build a bond with the company and employee,” he said.

Ms. Monalisha emphasized that the company need to recognize their work, compliment the employees and develop personal relations will help them to retain and perform consistently.

The institute also held SIDDHI - The HR Analytics Case Study Competition where over 30 teams presented their project.

The event received a footfall of over a hundred MBA and MBA Analytics students, alumina of IIM Kashipur, and industry experts.

Team IIM Kashipur

Associate Dean Prof.  Venkataraghavan Krishnaswamy, IIM Kashipur, Prof. Utkarsh, Chairperson, Placement and Corporate Relations, IIM Kashipur, Prof. Atul Shrivastava, Mr. Gaurav Saxena and Kashif Hasnain, PRO, IIM Kashipur.