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SAP Helps Strengthen India’s Supply Chain Through Digital Technologies

Jul 26, 2024 by Mansi 0 Comments #Ashwani Narang, #digital technologies, #Manish Prasad, #SAP, #Supply Chain

Hyderabad, July 26, 2024: In recent years, India has solidified its position as an emerging global economic power, thanks to a burgeoning consumer market and demands to de-risk global supply chains. Digital technology is vital to enable efficient, reliable, and sustainable supply chains and is core to India’s ambitions to increase its participation in global value chains from the current level of ~40% to ~50%. In line with this, the SAP Sustainability Data Exchange solution, is designed to securely exchange standardized sustainability data, including product footprints, along the value chain. The solution allows companies to effectively exchange carbon emissions with their customers to help companies get actionable insights into Scope 3 emissions by moving from averages to actual supplier data.

Commenting on the announcement, Manish Prasad, President & Managing Director, SAP Indian Subcontinent, said, “To propel India as a global manufacturing leader, a robust supply chain and logistics infrastructure is vital. To expedite India’s ambitious vision of being among the top supply chain hubs, it is crucial to integrate technologies like business network platforms and local data centres underpinned by Cloud and AI. At SAP, we are committed to this vision and are working with Indian enterprises, startups and the wider ecosystem to promote transparent, efficient, and sustainable business value chains.”

As a part of the company’s ongoing efforts to help enterprises build resilient supply chains, SAP also unveiled a study, in association with Economist Impact exploring how businesses and industries are transforming procurement to meet existing and emerging challenges amid disrupted supply chains, rising costs and growing uncertainty.

Some of the key trends among businesses indicate:

  • Digitalization – the #1 business priority: Digitalization remains the topmost priority for businesses, aligning with India’s vision to create reliable and efficient global supply chains through the use of digital technologies.
  • Artificial Intelligence (AI) to the forefront: Digitalization, as the top priority, is being partly influenced by advances in automation technology, AI, and Gen AI, the top technology trend businesses are looking to implement over the next 12 to 18 months.
  • Procurement’s green thumb: Legislation and compliance requirements around sustainability standards, supply chain transparency, emissions, and resource efficacies, are exerting pressures on businesses, particularly on procurement teams to meet the organization’s environmental, social, and governance (ESG) goals.

Ashwani Narang, Vice President & Head of Spend Management, SAP India, added, “SAP has been working with customers, partners, and the Indian government for years to support the vision of a ‘Digital India.’ SAP Sustainability Data Exchange, coupled with multiple solutions available on a local India-based data center, which we announced last year, will help our Indian customers in bolstering supply chain resilience, transforming them into intelligent, sustainability, and future-ready businesses.”

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Increased health seeker demand and direct ownership of the patient are driving a major transformation in India’s healthcare ecosystem: PwC India

Dec 16, 2021 by Gouri 0 Comments #digital technologies, #Dr Rana Mehta, #healthcare, #healthcare ecosystem, #innovations, #PWC India

Large-scale deployment of digital technologies and innovations are transforming India’s healthcare landscape post the COVID-19 pandemic, according to a report launched by PwC India, titled ‘A new healthcare era -Trends in a post-pandemic world.’

The report highlights emerging shifts in the healthcare domain. Some of the key changes witnessed in the sector are:

The increased focus on digitalisation has helped in accelerating contactless healthcare and faster decision making. Technological innovations have further helped patients and consumers to understand diseases better and subsequently, demand higher-quality healthcare services.

There has been a clear shift from brick-and-mortar healthcare centres to virtual-first care during the pandemic. There has also been a transition from medication to holistic addressable adjacencies, thereby disrupting traditional pharma practices.

It is interesting to see how digital as a lever is unlocking the agility and helping players move up the value chain across the sustainable well-being spectrum faster than ever before. The telemedicine model of the past is now becoming a full-stack virtual care model.

Commenting on the study, Dr Rana Mehta, Partner and Leader Healthcare PwC India, said, “Voice-based AI will bring in the next big transformation in healthcare. Such a technological advancement would enhance the upstream value of the healthcare framework and further usher in the ambient era of VUI. Consumer demand, innovation in technology, and enablers are driving alternative models of care and transforming the healthcare landscape.”

As per the report, contactless care is gaining ample momentum and the focus is moving towards reducing and optimising the number of touchpoints between the health system and health seeker, without losing the quality of care.

This new need to optimise steps has resulted in deep minimalism – a concept closely associated with the ability of a system to simplify steps without compromising with quality. This includes decision support to virtual treatment enablement, single engagement with multiple touchpoints, telemedicine to teletherapy and graphical user interface (GUI) to voice user interface (VUI). The ecosystem has enabled access to quality healthcare through digital health, open networks and open protocols.

Consumer preferences are driving the evolution of healthcare delivery models which creates added value for all the players in the ecosystem, be it capturing of data to use of insights engines and advanced analytics. The pandemic’s impact compelled healthcare organisations to rethink, reprioritise and reengineer the business models. They are now addressing the emerging challenges for the entire healthcare delivery ecosystem, such as adopting virtual-first healthcare delivery models on a larger scale. This allows for a more efficient, sustainable, technology-enabled and scale-ready healthcare ecosystem. COVID-19 has created a window of opportunities for molecular diagnostics, the potential for which has largely remained untapped till now.

The healthcare ecosystem is now exploring more holistic models of care delivery. The preparatory shift across the healthcare value chain aims at improving both business and health outcomes. For example, the oncology space has undergone a major transformation with the emergence of more distributed models as the demand for personalised and advanced therapy increases. The Government and the private sector are taking various initiatives to increase health insurance penetration, coverage and innovation, universal health insurance coverage through digital exponential technologies; and early detection of illness to the continuum of care.