Mantras for Being at The Cutting-Edge of Fast-Changing Technology Realm
The global technology ecosystem is quickly transforming in today's fast-changing technology landscape and dynamic market conditions. Organizations must chant mantras that help them proactively gather precise insights to be at the cutting-edge—thinking beyond technologies. Aloke Palsikar, EVP & Global Head of Aerospace and IHM at Tata Technologies, shares his views on the technology evolution in aerospace and manufacturing and accelerating the 'Next' in Digital through an exclusive interview. Aloke Palsikar, with his vast experience, stands out as a leader in IT, Consulting, and Engineering, boasting a deep understanding of manufacturing across the Automotive, Aerospace, and Industrial sectors. An industry veteran with more than 36 years of professional experience, including more than 15 years in Europe, Aloke has successfully led several large IT and business transformation projects and has also managed diverse and multicultural teams in different settings. He is well-known in the industry for his knack for thinking creatively and solving complex problems. Currently, Aloke is on a gigantic mission of spearheading Tata Technologies to modernize Air India’s operations by digitizing its fleet and equipment data and introducing digital solutions for aircraft maintenance.
Aloke Palsikar's views offer a compelling roadmap for organizations aiming not only to adapt but to thrive in this dynamic landscape. His insights provide a comprehensive exploration of the technological landscape in the aerospace and manufacturing sectors, offering valuable perspectives on cutting-edge advancements, potential challenges, and the strategic initiatives necessary to foster growth and maintain competitiveness. Aloke Palsikar's interview serves as a testament to the pivotal role leaders like him play in not only interpreting the ever-changing technological terrain but also in shaping its direction, ensuring that organizations remain agile and forward-looking in their quest for innovation and excellence.
In conversation with Aloke Palsikar, EVP & global Head—Aerospace & IHM, Tata Technologies
The global aerospace industry is growing and digitizing at a rapid pace. What are the factors contributing to this growth, and what does the future look like?
The aerospace sector, known for its cyclical nature, faced a near standstill due to the pandemic but rebounded strongly in 2022. Key players like Air India and Indigo have placed significant Airbus and Boeing orders (470 and 500, respectively). The aerospace industry's growth thrives on high demand for new aircraft, boasting a 40-year lifecycle compared to a mere ten years for cars, which drives growth. Technological advancements, especially in eco-conscious solutions like alternative fuels and electric propulsion, play a pivotal role. The industry is also embracing digitalization with concepts like Digital Twin. Innovations such as air taxis in cities like Dubai and discussions around space tourism are shaping the industry's future.
We will come back from the air to the ground. How do you perceive the automotive industry leveraging telematics to move to the future?
Telematics, once a luxury, is now affordable and essential, especially for fleet management in the modern digital age. Enhanced sensors in telematics capture a wealth of data, including braking patterns, eye movement, and more, providing a comprehensive view of driver behavior. This data, when analyzed using advanced analytics, offers valuable insights into driver behavior and fatigue detection, promoting safer road conditions.
Embrace the concept of continuous learning as a fundamental aspect of effective leadership, as it equips you with the knowledge and skills to adapt to evolving challenges
Furthermore, integration with Vehicle-to-Everything (V2X) technology is revolutionizing road safety, facilitating real-time communication between vehicles and their surroundings, and paving the way for the development of autonomous vehicles. However, in this interconnected landscape, ensuring robust data security is paramount to protect against potential hacking threats and maintain the integrity of the telematics system.
How is Industry 4.0 progressing, and how are automation and optimization working for companies?
Industry 4.0 has undergone a remarkable evolution. Initially, its focus was on integrating IT at the enterprise level and OT on the shop floor. Now, it has transitioned into a landscape defined by a well-connected data infrastructure that fosters seamless communication across companies. This interconnectivity empowers remote services, facilitates immediate customer feedback, and enables the delivery of real-time solutions. Nonetheless, the challenge persists in effectively and securely managing the vast volumes of data generated.
What are the impacts of automation on manufacturing jobs?
Automation in Industry 4.0 predominantly targets repetitive tasks, sparking concerns about potential job displacement. However, it's crucial to recognize that automation is liberating the workforce from mundane activities, thereby affording them the opportunity to concentrate on strategic roles that optimize automation and elevate the overall customer experience. This transformative shift bears a resemblance to the transition from typewriters to computers, which, in due course, gave rise to the emergence of entirely new job roles and opportunities.
What does technology leadership mean today? What are the aspects organizations must get right?
Tech leadership today encompasses two vital dimensions. Firstly, it involves pioneering innovations, exemplified by Apple's transformative influence on smartphones or OpenAI's ChatGPT's role in advancing Artificial Intelligence. Secondly, it entails the creative application of core technologies, as seen in Google's use of GPS to develop Google Maps. Both dimensions necessitate a culture of innovation to thrive. For instance, a young ISRO engineer's algorithm played a pivotal role in India's successful Chandrayaan-3 mission, underscoring the significance of nurturing innovation within organizations. Tata Technologies passionately champions innovation through collaborative platforms, aligning with the ethos of the Tata Group.
A few quick words to budding leaders?
Focus on your personal journey and overarching career goals. Embrace the concept of continuous learning as a fundamental aspect of effective leadership, as it equips you with the knowledge and skills to adapt to evolving challenges. Leaders should consistently maintain a broad perspective, emphasizing the significance of collaborative teamwork in achieving collective objectives. Remember, the welfare of society should serve as the guiding principle of your endeavors, recognizing that true success is intricately linked with the prosperity and harmony of the community you play an integral role in.
Hobbies: Traveling and Stargazing
Favorite Travel Destination: Northeast India
Favorite Current Books: My Life in Full, the autobiography of Indra Nooyi, and Atomic Habits by James Clear