Innovation is the ability to see every change and life situations as opportunities and not a threat. Kumaraguru Institutions in Association with FORGE is back with Yugam India Ideathon this year for the young minds of the nation to Solve, Innovate and Explore on recent Deep-Tech problems.
FASHION AND TEXTILE
The fashion industry is moving towards consumer centric approach and consumers are demanding sustainability and digitalization. Brands are working to incorporate more sustainable practices into their businesses. And consumers are also choosing sustainable fashion over any other. But that’s not enough to combat the massive amount of waste and pollution that fashion creates. These brands are committed to reduce clothing consumption by shifting their value towards – second-hand, circular fashion, and recycled fashion. Fashion and textile industries has seen downfalls in recent years due to poor technological strategy and execution. The industries are working hard to reshape the fashion world with innovative solutions, and sustainable products.
Robotics and Drones
The field of robotics is transforming multiple sectors at a rapid pace. However, it is still not advancing at the pace experts imagined it to. Manufacturing procedures in robotics haven’t seen many changes since ages. There is a need to develop new energy sources that can power robots for longer periods of time and also have high safety standards. With any technology, there is always the question of privacy, ethics, and security. The data used for training the robots can be misused by reprogramming or modifying it, causing the robot to malfunction. Most of the challenges surround enabling technologies such as artificial intelligence (AI), perception, power sources, etc. Of course, ethics also made the list.
Advanced Stealth Management
Stealth technology, also termed low observable technology (LO technology), is a sub-discipline of military tactics and passive and active electronic countermeasures, which covers a range of methods used to make personnel, aircraft, ships, submarines, missiles, satellites, and ground vehicles less visible. The concept of stealth is to operate or hide while giving enemy forces no indication as to the presence of friendly forces. As this field involves a high level of confidentiality there is a need for advanced systems for effective functioning.
Energy is one of the most critical components of infrastructure and therefore very crucial to economic growth. Indeed, it is blood of the economy and crucial input to all the industries. With energy costs rising, concerns over resilient energy supplies and statutory obligations on emissions and climate change, there are many energy management challenges.
How energy management is undertaken depends on the type of organisation and on the life cycle of the installation: larger estates will have a duty holder with a clearly defined role; other duty holders in smaller companies take the role as one more responsibility amongst many.
Coordination is crucial. An energy manager may wish to turn the lights off wherever possible, but the engineering manager wants the lights on to keep production going. The facilities manager needs a healthy environment for all occupants to encourage and support productivity. There is a potential conflict of interests, but all sides need to work together.
AI – Artificial Intelligence
We need Artificial Intelligence (AI) because the work that we need to do is increasing day-to-day. So it’s a good idea to automate the routine work. This saves the manpower of the organization and also increases the productivity. Additionally, through this Artificial Intelligence, the company can also get the skilled the persons for the development of the company. Moreover the companies today think that they want to mechanize all the regular and routine work. And they think they can automate those regular works through the simple program Because, with the development of data science, automation becomes more common.
Every day, the food we eat connects us to a vast global web of farmers, traders, food manufacturers, retailers and many other people involved in getting food from farm to fork. Major reform and strengthening of India’s agricultural research and extension systems is one of the most important needs for agricultural growth. These services have declined over time due to chronic underfunding of infrastructure and operations, no replacement of aging researchers or broad access to state-of-the-art technologies. Since agriculture is essential for the survival of life, addition of tech innovations would really upgrade its growth.
MANAGEMENT AND ANALYTICS
Management utilizes all the physical & human resources productively. This leads to efficacy in management. The pandemic has produced a rapidly changing business environment and created a number of new obstacles. Organizations face a set of challenges that lie outside the performance envelope of management-as-usual. A rapidly accelerating pace of change
A growing swarm of unconventional rivals and crumbling entry barriers
A rapid transition from the “knowledge economy” to the “creative economy”
To tackle these challenges, organizations will need to become far more adaptable, innovative and inspiring than they are right now
What we need is a fundamental retooling of traditional management practices—around Web-derived principles.