SEBI JOSEPH highlights how digitisation is rewriting industry and service narratives.Industries, companies, businesses have been speaking about the latest market challenges including RERA, GST and demonetisation for some time, and how we all have to deal with it. Howev...
SEBI JOSEPH highlights how digitisation is rewriting industry and service narratives.Industries, companies, businesses have been speaking about the latest market challenges including RERA, GST and demonetisation for some time, and how we all have to deal with it. However, additional changes are constantly arising from various quarters and these are impacting all of us as well. Some changes we can perceive, and others we cannot. Perhaps the biggest one that we cannot wish away is digitalisation. It is rewriting industry and service narratives, redefining who we consider competition, causing us to redefine ourselves and our businesses. Most importantly, it is putting power in the hands of the customer who does not just demand it, but expects it.The digitalisation revolution Technology and customers are now changing industries at their very core. According to research group Gartner, by 2020, there will be more than 26 billion connected devices in use by businesses and individuals. With such a proliferation of devices and technology playing an integral role, there is tremendous opportunity, but also tremendous challenges.One challenge is balancing connections with connectivity. This philosophy can help companies soul search and find their purpose. In the vertical transportation industry, people are at the centre of the whole digitalisation revolution. The purpose of our transformation is to make sure our employees, especially our field professionals, are safer and empowered to work more efficiently. By placing technology in their hands, we are enabling them to connect, collaborate and share, as well as take part in continuous learning. Accelerating changeMost of the technology that we are deploying allows field professionals to solve problems, find root causes and address challenges together. Apps have been developed to streamline maintenance processes enabling them to move quicker throughout their day.Another important reason for this change is it allows us to better serve our customers. By putting data in their hands, customers benefit from enhanced reliability, greater efficiency, stronger communication and real-time equipment updates. Instead of our customers having to call us about an equipment issue, we will be able alert them before they are even aware there is a potential problem. When they ask about a support issue, we can confidently provide solutions that are transparent and real-time.This allows us to develop a deeper connection with the customer, better understand their needs and solve their issues faster. And, that is where the magic happens. Our new global digital ecosystem leverages digital to accelerate change and enhance the customer, passenger and employee experience through technology.Smart elevators brimming with data can positively impact people鈥檚 lives and their days. The main aim of companies in industry 4.0 should revolve around using technology to not only improve the business, but ultimately uplift humanity. This is why Otis鈥� vision is so compelling 鈥� We give people the freedom to connect and thrive in a taller, faster and smarter world.About the author: Sebi Joseph, President, Otis India, is responsible for the overall leadership and strategy for Otis India,
Lack of Bidders Stalls VOC Port鈥檚 Rs 70.56 Bn Harbour Project Again
The VOC Port Authority鈥檚 Rs 70.56 billion outer harbour project has once again faced a setback, with the latest tender process cancelled due to the absence of qualified bidders. This marks the second failed attempt to secure participation for the mega infrastructure initiative.The tender has reportedly been withdrawn from the active list of bids, and the authority is now expected to re-evaluate and possibly restructure the project to enhance its appeal to potential developers.The port authority had initially floated the Request for Proposal (RFP) in December 2024, following the cancellation ..
Sea Lord Containers Opens Cryogenic LPG Terminal in Mangalore
Sea Lord Containers (SCL), a wholly-owned subsidiary of Aegis Logistics, has commissioned a new cryogenic Liquified Petroleum Gas (LPG) terminal in Mangalore. The facility, which became operational on 12 June 2025, offers a static storage capacity of 82,000 metric tons (MT), significantly strengthening the region鈥檚 LPG logistics infrastructure.The terminal was developed by SCL on behalf of Aegis Vopak Terminals, an associate company of Aegis Logistics. The asset is expected to be transferred to Aegis Vopak Terminals Limited at a later date, with formal updates to be shared separately with st..
Cochin Port and Oil India Partner for Offshore Exploration Support
The Cochin Port Authority (CoPA) has signed a Memorandum of Understanding (MoU) with Oil India (OIL) to establish a shore base facility supporting offshore oil exploration in the Kerala-Konkan Basin. The agreement was formalised at a ceremony held at CoPA, Willingdon Island, on 12 June 2025, in the presence of senior officials from both organisations.Under the partnership, Cochin Port will provide critical logistics infrastructure for OIL鈥檚 offshore drilling operations, expected to begin later in 2025. The planned shore base will include a dedicated warehouse, dry bulk handling plant, and an..