Mega Insights https://megainsights.org/ Thought Leadership Videos And Articles. Thu, 02 Jun 2022 05:56:47 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.2 205889489 Automation potential in your company https://megainsights.org/2022/05/24/automation-potential-in-your-company/?utm_source=rss&utm_medium=rss&utm_campaign=automation-potential-in-your-company Tue, 24 May 2022 14:41:48 +0000 https://megainsights.org/?p=72533 Across every sector, the clearest way forward in building #Industry4.0 will come by taking advantage of all that #automation has to offer, through all elements of your organization. Automating various processes in your company can improve your company’s profitability and increase your competitive advantage. If you are not seriously looking to automate various processes then […]

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Across every sector, the clearest way forward in building #Industry4.0 will come by taking advantage of all that #automation has to offer, through all elements of your organization. Automating various processes in your company can improve your company’s profitability and increase your competitive advantage. If you are not seriously looking to automate various processes then someone else is and can get benefit over your company in future. I have worked with  various manufacturing companies, who have automated their cutting, machining, cleaning, painting, and various operations including their customer service departments.

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Srimad Bhagavatam Describes Creation of Universe Accurately https://megainsights.org/2022/05/24/srimad-bhagavatam-describes-creation-of-universe-accurately/?utm_source=rss&utm_medium=rss&utm_campaign=srimad-bhagavatam-describes-creation-of-universe-accurately Tue, 24 May 2022 14:39:57 +0000 https://megainsights.org/?p=72530 Srimad Bhagavatam was written by Veda Vyasa about 5,000 years back and has 12 Cantos, 335 chapters, and 18,000 verses. In a recent youtube video (url: https://www.youtube.com/watch?v=-oZUgZz-RTE&t=186s ), Dr. Sanjay Mazumdar, CEO, author, thought leader, and strategist compares hot scientific topics with Bhagavatam findings and talks on below scientific topics from the perspectives of Bhagavatam […]

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Srimad Bhagavatam was written by Veda Vyasa about 5,000 years back and has 12 Cantos, 335 chapters, and 18,000 verses.

In a recent youtube video (url: https://www.youtube.com/watch?v=-oZUgZz-RTE&t=186s ), Dr. Sanjay Mazumdar, CEO, author, thought leader, and strategist compares hot scientific topics with Bhagavatam findings and talks on below scientific topics from the perspectives of Bhagavatam as well as from the perspectives of modern science:

• How is the universe created

• Are we alone in the universe

• Are there other universes – multiverse

• Is the universe cyclic

• What is the cause of the expansion and contraction of the universe

• Future of mankind

Based on research, it is found that Bhagavatam talked accurately about the creation of the universe. Bhagavatam says that our universe is cyclic, it expands and contracts, and there are parallel universes as discussed in this video.

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How can India get $10 trillion economy by 2030 – Four Strategies https://megainsights.org/2022/05/24/how-can-india-get-10-trillion-economy-by-2030-four-strategies/?utm_source=rss&utm_medium=rss&utm_campaign=how-can-india-get-10-trillion-economy-by-2030-four-strategies Tue, 24 May 2022 14:13:43 +0000 https://megainsights.org/?p=72525 India is the 6th largest economy in the world and represents a $3 Trillion economy in 2021. In a recent youtube video (url: https://www.youtube.com/watch?v=IyLwI_DRml4&t=14s ), Dr. Sanjay Mazumdar, CEO of Lucintel, presented below four-prong strategies to grow the Indian economy to $10 trillion by 2030: 1. Export-led growth 2. Import Substitution growth 3. FDI led […]

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India is the 6th largest economy in the world and represents a $3 Trillion economy in 2021. In a recent youtube video (url: https://www.youtube.com/watch?v=IyLwI_DRml4&t=14s ), Dr. Sanjay Mazumdar, CEO of Lucintel, presented below four-prong strategies to grow the Indian economy to $10 trillion by 2030:

1. Export-led growth

2. Import Substitution growth

3. FDI led growth

4. Domestic growth

In a normal scenario, the Indian economy is forecast to grow at 6% to reach 5 trillion by 2030. Prime Minister Narendra Modi envisioned making India a 10 trillion economy by 2030. However, most industry leaders find it challenging to hit $10 trillion by 2030 because they find a lack of domestic demand and private investment to drive growth in the economy. Dr. Sanjay Mazumdar suggests export driven economy for India for the next few years to create demand and growth in the economy, because China, South Korea, Japan, Malaysia, Germany, and many other countries grew their economy by export. For example, China grew its economy from $2.7 trillion in 2006 to $10 trillion in 2013, mainly through export. This video gives an example of how China targeted the international market to create domestic demand. Indian companies can also target the international market to generate revenue and grow the economy.

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Future of touchless economy https://megainsights.org/2022/05/24/future-of-touchless-economy/?utm_source=rss&utm_medium=rss&utm_campaign=future-of-touchless-economy Tue, 24 May 2022 14:06:54 +0000 https://megainsights.org/?p=72510 Due to the COVID-19 outbreak  in 2020, we are seeing more opportunities for a touchless economy, which will allow the growth of industry 4.0, smart homes, robots, IoTs, and Artificial Intelligence (AI). The touchless economy includes any economic activity performed without close interaction or being physically present in the place of the transaction. For example, […]

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Due to the COVID-19 outbreak  in 2020, we are seeing more opportunities for a touchless economy, which will allow the growth of industry 4.0, smart homes, robots, IoTs, and Artificial Intelligence (AI). The touchless economy includes any economic activity performed without close interaction or being physically present in the place of the transaction. For example, during the quarantine period, we have seen a shift towards online meetings, online education, telemedicine, and online shopping from Amazon, Flipkart, etc. to reduce human contact. We are also seeing increased demand for robots in hospitals, factories, and daily life. For example, a robot can allow healthcare workers to remotely take temperatures and measure blood pressure and oxygen saturation from patients hooked up to a ventilator. A robot can also disinfect hospitals, airports, factories, workspace, and sensitive areas with ultraviolet light. Drones and robots are also used to watch for public works and public safety to identify violations of stay-at-home restrictions, etc.

We are also expecting a shift towards flexible and smart manufacturing, which can help part fabricators to maintain a balance between their inventory and actual demand. During the post-COVID period, there will be a significant increase in digital transformations in payments, receipts, supply chains, and many other aspects of business in order to increase efficiency. Companies who have already invested in smart manufacturing or contactless technologies will be doing better to improve production efficiencies as well as worker’s safety to avoid further transmission of the virus. Major manufacturers such as Boeing, Airbus, Safran, Honeywell, GE Aviation, General Motors, and Ford have already invested in smart manufacturing or contactless technologies to realize reductions in costs, wastage, and production time.

In a touchless economy, there will be an increase in demand for autonomous vehicles, autonomous/smart factories, and additive manufacturing (3D printing). Smart manufacturing will allow new efficiencies in productivity, utilization, throughput, and maintenance. For example, General Motors is growing its use of connected robots that can help the automaker identify maintenance problems before they occur. Uber recently said that since 80% of the riding cost is the expenses of the driver, the use of autonomous vehicles will increase its profitability. However, there are still challenges in autonomous vehicles because they lack the ability to identify and classify objects until they are nearby, which causes accidents.

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