Mehjabeen Taj Aalam, Raychem RPG, ET CIO

Mehjabeen Taj Aalam, Chief Digital & Information Officer, Raychem RPG

“/>Mehjabeen Taj Aalam, Chief Digital & Information Officer, Raychem RPG
With predictive analytics anticipating market shifts and real-time data enabling prompt decisions, companies are becoming more agile and efficient. It is interesting to see how converting raw data into actionable insights is doing wonders. Manufacturing sector, in particular, is making visible contributions and inculcating progressive growth in terms of tech-related transformation. As a matter of fact, NASSCOM’s study states that digital technologies will account for 40% of total manufacturing expenditure by 2025.

ETCIO interacted with Mehjabeen Taj Aalam, Chief Digital & Information Officer, Raychem RPG, who believes that data-driven decision-making is revolutionizing industries by converting raw data into actionable insights. Aalam is at the forefront of leveraging AI and smart products to enhance customer experiences and optimize operations. In this interview, she discusses the transformative power of Society 5.0, the impact of AI-driven automation, and the role of innovative energy solutions in achieving sustainability goals.

How do you see Society 5.0 influencing the future of technology and its integration into daily life?

Society 5.0, as a concept, was introduced by the Japanese government in 2016. It aims at creating a Super Smart future society through a new industrial revolution. With the growing advent of technology in our daily lives, this concept aims at achieving a human centric society by integrating realms of cyberspace and physical space. The base premise is that as AI, IoT, robotics, and big data integrate into our daily life, it will form a super-smart society.

With Smart cities, urban areas will use AI and IoT for efficient management, from traffic to waste disposal. Big data and AI will facilitate date-based decision-making that’ll lead to inclusive governance without any biases.

When tech advancements align with societal needs, technology becomes human-centric. Society 5.0 will lead to a sustainable and equitable future where mankind and technology will co-exist complementing each other.

How are smart products revolutionizing industries and consumer experiences? How do you foresee AI-driven automation impacting the future of smart product development?

Smart products improve operations by delivering real-time data and insights. For example, smart sensors in manufacturing can monitor equipment health, predict maintenance needs, and minimize downtime. This capability can help companies to introduce new services creating additional revenue streams. By tracking goods in real time through IoT sensors, companies can optimize inventory levels, and minimize waste thus boosting supply chain visibility and efficiency.

In this age of hyper-personalization, Smart products learn from user behaviors and preferences and offer tailored experiences. For instance, smart home devices can adjust lighting and temperature according to individual preferences. It also adds to convenience as the majority of Smart appliances can be managed via smartphone apps and even remotely.

AI will accelerate this innovation since it can process vast data amounts to identify trends and insights – be it in design and prototyping to reduce cost and enable mass customization, or in predictive maintenance and quality control.

Smart products and AI-driven automation go hand in hand and will be further revolutionizing the industrial landscape.

How is data analytics transforming decision-making processes in modern enterprises?

When decisions are based on evidence and not just intuition, their success probability improves. Data analytics is facilitating more knowledgeable, efficient, and strategic choices by converting unprocessed data into actionable insights, permitting businesses to act on facts.

Through predictive analytics based on historical data, companies are now anticipating market shifts, customer needs, and potential risks. Real-time decision making is helping them make prompt decisions where time is of essence. In the era of ever-changing customer loyalty, providing personalized marketing and customer service based on customer data analysis, is helping with improved retention. AI is also enabling automated routine decision-making processes, freeing up human resources for more complex tasks.

Data analytics is surely making organizations more agile and efficient and is becoming mainstream by the day.

What role do data analytics and AI play in the manufacturing of smart products?

Process optimization, quality control and supply chain Management are few obvious advantages of data analytics in any manufacturing setup. By analyzing data from various stages, the overall product lifecycle can be made more efficient.

Combined with AI, insights on predictive maintenance and optimized design and prototyping can help reduce waste and cost. It also helps speed up decision making from strategic planning to daily operations.

Overall, the combination of data analytics and AI is driving smart manufacturing forward, making it more responsive, efficient, and customer-centric.

Can you share your insights on the role of innovative energy solutions in achieving sustainability goals?

Energy solutions that help lower greenhouse gas emissions and thereby encourage cleaner, efficient energy use are key to sustainability.

Advances and innovation in renewable energy sources like solar, wind, and hydroelectric power will increase efficiency and cost-effectiveness. Green hydrogen is also emerging as a versatile, clean energy carrier for various uses. Innovative battery technologies and pumped hydro storage can help balance supply and demand with renewable sources. Technologies like LED lighting, smart thermostats, and high-efficiency appliances will also help cut energy consumption.

Additionally, Smart Grids that use digital communication and automation for electricity distribution will boost efficiency and reliability, coupled with easy energy access through decentralized systems like microgrids in remote areas.