Hyderabad: Industrial Revolution 4.0 is making a huge impact on organisations to make people catch up with the changing times, improve productivity and performance multifold. This is happening because of internet of things (IoT). Disruptions through IoT will make roles redundant in organisations. This will transform the workplaces and people would need to catch with this transformation, points out an expert.
PQuest Human Resources founder and CEO J Ravikanth Reddy told Telangana Today, “Those organisations which are not able to catch up with the changes, especially long existing enterprises, they will miss the bus to be in the competition and stay put in the business. Younger organisations will be able to adapt to changes quicker and as a result they will have competitive edge over others in selling their products.”
In most of the organisations today, leaders have started realising this and they are giving mandate to focus on managing this change to ensure sustainability. There is a renewed focus on how people need to reskill. India will become the factory of human resource supply to the whole world. Being the youngest nation, India has an advantage here.
HR is the driving force for the whole organisation to be future ready. Organisations are going to move from people-driven activity to process-driven activity. Key success factor will be development of processed by technologists. HR will become a facilitator in creating awareness on the technology and execution of process and implement change. Corporate culture will also define the success of this transformation, he observes.
To highlight the challenges and opportunities for organisations and HR professionals to be future ready, the National Human Resources Development Network (NHRDN) has organised a HR conference in Hyderabad last month with the theme ‘Next Wave of Excellence’. The conference highlighted that for ensuring future of work, leadership be ready and the role technology will play in the process development and implementation. Industry leaders, practitioners and technology experts viewed that organisations will undergo restructuring, work and process designs will change, roles are becoming dependent, organisations are becoming flat, dependence on people is becoming lesser and processes are becoming intense. Technology is binding people and processes in organisations that are multi-locational.
He explained further, “IT and ITeS companies had been early adopters of digital transformation in the organisations. Traditional companies and sectors had taken and will take more time for adoption.”
The NHRDN has focused in its conference, several aspects to bring in insights on the best practices in the organisations and industry. Both industry leaders and practitioners shared their experiences. The event had four broad tracks focusing on People, Leadership, Technology and Future of Work. Companies across pharma, IT, ITeS, retail, manufacturing and public sector establishments,
Cyient executive chairman BVR Mohan Reddy shared his experiences on how the IT industry has been transforming from the time his company began its journey. NHRDN founder president TV Rao, Aditya Birla Group Director HR Santrupt Misra and Mahindra & Mahindra President HR Rajeev Dubey focused on people excellence. They believed not only large organisations but smaller companies are an integral part of the next wave of industrial revolution.
While NHRDN founder shared the contributions towards the profession’s transformation, Misra highlighted how important was for a CEO to spearhead the HR function, while Dubey mentioned the innovations carried out at Mahindra & Mahindra and preparing leaders to come out with competitive products and tying with cab aggregators such as Uber and Ola. Capgemini India country head Srinivas Kandula who was a HR person and now turned into CEO shared his views on the next wave of transformation. Telangana DGP M Mahender Reddy shared how the technology has been deployed in the Police Department. Chain snatching and crime rate has fallen in the city drastically, he informed.
The event also provided a platform for startups to share their journey as well as showcase their products and services in the expo. Around 80 speakers took part in the event that was attended by around 1,100 professionals. There were 26 exhibitors. Students from Balaji Society participated in the event. Hyderabad hosted the 21st NHRDN conference and the fourth in Hyderabad.