Escorts Ltd, which has operations in auto components, agri machinery, material handling and construction equipment, has announced a strategic relationship with IT major Cognizant
25 Jun 2015 | 4678 Views | By Autocar Professional Bureau
Escorts Ltd, which has operations in auto components, agri machinery, material handling and construction equipment, has announced a strategic relationship with IT major Cognizant to modernise its technology landscape across all its businesses.
Cognizant will enable Escorts to improve control and collaboration across its value chain by mobile-enabling its ...
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Escorts Ltd, which has operations in auto components, agri machinery, material handling and construction equipment, has announced a strategic relationship with IT major Cognizant to modernise its technology landscape across all its businesses.
Cognizant will enable Escorts to improve control and collaboration across its value chain by mobile-enabling its workforce and integrating multiple systems used by vendors, sales partners, and customers. This will help Escorts continuously improve product quality and offer a broad range of customised, configurable, and value-added products and services, strengthening existing customer relationships and building new ones.
Cognizant will set up a Transformation Office to help Escorts embrace adaptive production lines and demand-based manufacturing practices, and develop new digital capabilities in areas such as mobility, analytics, cloud, telematics, and machine-to-machine communication. Complementing traditional channels with new digital ones, Escorts says it will be able to better align manufacturing and business strategies, and expand into newer geographies. By enabling connected worksites, remote product monitoring and diagnostics, and platform-based governance, the company will be able to harness and analyze real-time data from multiple sources for improved customer insight, decision-making, and productivity.
“Escorts is poised for a leap forward with its transformative business strategies. We are working passionately towards becoming the most trusted and innovation-led engineering company,” said Rajan Nanda, chairman and MD of Escorts. “In today’s dynamic market, technology is the key to stay ahead of volatile demand patterns and rising expectations of informed, socially networked customers. With the global domain and technology expertise of Cognizant, we will be able to raise the bar of manufacturing excellence.”
“This strategic engagement is expected to create a positive impact on the entire Escorts ecosystem,” said Nikhil Nanda, managing director of Escorts. “Aligning our engineering expertise with Cognizant’s capabilities will help all of our businesses unlock tremendous value. By leveraging organizational synergies and next-generation technologies, we will be able to improve performance efficiencies as well as attain the next level of innovation and market leadership. This partnership will help us bring our businesses in line with global industry benchmarks and increase our ability to develop future-ready products based on digital and other cutting-edge technologies.”
“As multiple stakeholders replace traditional value chains and embedded technologies prepare to unleash the next wave of smarter products and services, there has never been a more exciting time for technology innovation in the manufacturing and engineering industry,” said R. Chandrasekaran, Executive Vice Chairman, Cognizant India. “We are pleased to partner with Escorts in helping them realize their vision for innovation, and look forward to helping them build a data-driven digital enterprise. By developing new collaborative and real-time capabilities straddling shopfloor and supply chain, Escorts will be able to drive transformation across products, people, processes and infrastructure.”