Interview with Mr. Sai Krishna Mopuri, Managing Director at Analog Devices India about 2021 industry predictions and new trends that will dominate this year.
1. What are your predictions about industry outlook in 2021?
The need for applied innovation is greater than ever across multiple industries where technology is playing a critical role in ensuring a healthier greener and more connected future. Now COVID is pushing us towards a new era of ecosystem collaboration to adapt and remain resilient. We have an opportunity to learn and collaborate in new ways, creating ecosystem wide innovation, driving companies to explore and to test new partnerships. These partnerships and new products and services we innovate today will redefine the business and technologies for years to come.
2. According to you what will be the new technology trends dominate in 2021?
There are really 3 Mega forces at play today. Electrification, digitalization and automation.
We’re in the third wave of transformation of the information and communications technology sector and it’s characterized by pervasive sensing and ubiquitous connectivity. We all know that data is playing an increasingly critical role in our sector. Data mining is the new oil as value shifts from data delivery to creating data insights. As we look ahead it’s critical that we anticipate and adapt to meet customers rapidly changing needs. For example, shortening, product development and product life cycles are being enabled by pervasive simulation, and the use of digital twins. Open source based ecosystem approaches are increasingly necessary if we’re to fully benefit from the power of combinatorial innovation.
The disruption is accelerating the digital revolution. which has profound influence on industry, economy and of course, human society. To meet these new challenges all industry players will need to redefine and reinvent themselves.
3. In this COVID-19 time, what will be your key focus in 2021?
We are entering a new decade, one of unprecedented disruption and where the full extent of COVID-19 impact on human life that local economy and our industry isn’t yet known but already it has become an extraordinary catalyst for change. There are few key areas that we need to focus on 2021 for a healthier greener and more connected future.
Healthcare- The pandemic has revealed the fragile nature of many of the health care systems. With a renewed focus and demand for accessibility affordability and wellness globally Information technology can help shift the focus from treatment to prevention with technologies that monitor and exchange clinical grade data from the patient to the doctor in the home or the office without requiring hospitalization.
Industrial automation- In the area of industrial automation, the pandemic is strengthening the case for robotics and automation robots are joining our frontline workers and helping to fight the virus, for example. They are more critical than ever as businesses and government search for new contactless solutions.
5G- Demand for high quality connectivity driven by work from home, online education, at retail and Tele Medicine has accelerated deployment of more advanced communication systems such as 5G and high speed optical Increasingly, quality of service for high bandwidth will matter more and more in future.