| | NOVEMBER 20228DIGITIZATION OF PRODUCTION & SUPPLY CHAIN TO ENHANCE THE EFFICIENCY THE GLOBAL DIGITAL TRANSFORMATION MARKETS SIZE IS EXPECTED TO REACH $1,548.9 BILLION BY 2027 AT A COMPOUND ANNUAL GROWTH RATE (CAGR) OF 21.1 PERCENT. HOW DO YOU SEE THIS MARKET EVOLV-ING IN INDIA? WHAT ARE THE MAJOR FACTORS DRIVING THE GROWTH OF THIS MARKET?In 2007, approximately four percent of the Indian population had internet access and in 2017, that number grew to 27 per-cent. In last five years, that number has grown to 60 percent and by 2027; I expect that there will be one billion people who have access to the internet in India. If you empower someone with the internet, they have access to the B2C market. At pres-ent, 60 percent of the Indian population needs the visibility of what they are doing on the internet and brands will not be able to give this accessibility to the consumers until they have it. For this, the B2B market has to be more empowered in or-der to ensure proper visibility and as a result of this, a lot of information will be generated which can be used for demand forecasting, supply planning, and understanding the business behaviour among others. Relevant information can only be provided if you have a visibility around both the data and re-sources and these factors will contribute towards the growth of the digital market. INDUSTRY DIGITALIZATION IS EXPECTED TO DEVELOP NEW BUSINESS MODELS AND PRESENT SIGNIFICANT POTENTIAL FOR SMALL AND MEDI-UM-SIZED BUSINESSES. HOW CAN DIGITALIZATION HELP ORGANIZATIONS MEET CUSTOMER DEMAND AND CORPORATE OBJECTIVES, WHILE REMAIN-ING COMPETITIVE WORLDWIDE?B2C brands are dependent upon MSMEs to procure the prod-ucts which are bought by the end-consumers. On the MSME manufacturing side, digitization has only happened at the ma-chinerylevel but nobody has thought about the digital inter-action between a customer and the business. To address this gap, Bizongo has created a cloud factory, which empowers an MSME manufacturer to create more SKUs for his customer and an unmatchable supply schedule. By introducing digital methodology on the entire production process and supply chain, we can make a factory much more efficient where var-ious stakeholdershave access to relevant information so they can plan their business much more effectively. PLEASE ELABORATE ON HOW SOME OF THE ESSENTIAL ELEMENTS SUCH AS AGILE DELIVERY METHODOLOGIES, DATA MANAGEMENT, ENRICHMENT, TALENT DEVELOPMENT AND SO ON HELP B2B COMPANIES FACILITATE THEIR DIGITAL TRANSFORMATION. The major allocation of resources in the MSME manufacturing market goes to: a) MSME manufacturing facility building the INDUSTRY INSIGHTSIn an exclusive interview with Industry Outlook, Gulshan Kaushik, Vice President, Customer Success, Bizongo shares his insights on the Indian digital transformation market, the growth potential of small and medium manufacturing companies, importance of smart manufacturing and more.Gulshan Kaushik,Vice President & Customer Success
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