ABB’s perspective on shaping digital economies in India

ABB CEO Ulrich Spiesshofer has been meeting with leaders in India during the NASSCOM Technology and Leadership Forum in Mumbai, where he delivered the keynote address and received NASSCOM’s Global CEO Award for shaping ABB as a pioneering leader in digital industries.

Digital technologies are changing the world and for India they present a historic opportunity to drive productivity, growth and prosperity, ABB CEO Ulrich Spiesshofer told innovators and leaders at the NASSCOM Technology and Leadership Forum 2019 on Wednesday.

Delivering his keynote address, Spiesshofer said digital technologies are transforming the way we power our societies, produce goods and services, and how we work, live and move. He added that they represent an unprecedented opportunity for India to achieve rapid, sustainable and resource-efficient growth.

“By adopting digital technologies, India has already made significant strides towards becoming a digital economy,” Spiesshofer told participants. “Now it should accelerate the deployment of advanced technologies in industry to drive productivity and competitiveness.”

Spiesshofer’s message that digitalization has the power and potential to shape economies for the benefit of all their people, and for humanity as a whole, was well-received at NASSCOM, which awarded him its Global CEO Award in recognition of his work in shaping ABB as a pioneering leader in digital industries. The award was handed over by India’s minister of information technology, Shri Ravi Shankar Prasad.

“At ABB, we believe digital technologies hold the key to solving global challenges like climate change and to driving growth, productivity and prosperity around the world. Accordingly, we have been transforming our company to become a leader in digital industries,” Spiesshofer said, adding that credit for ABB’s achievements belonged to all of its 147,000 employees, including the 11,000 in India.

On the sidelines of NASSCOM, Spiesshofer met with the Chief Minister of Maharashtra, Devendra Fadnavis, to discuss how ABB can partner with the state in western India to expand its role as an export hub by deploying artificial intelligence, robotics and other advanced technologies.

With its leading offering of digital solutions and services, ABB is already helping many of its customers in India to drive efficiency and productivity and to digitalize their operations. One out of every two cars manufactured in the auto hub of Pune, the second-largest city in Maharashtra, has ABB automation and robotics involved in its processes.

The company is collaborating with customers as well as other leading technology companies, universities and start-ups to advance digitalization and artificial intelligence for industry. Among those partnerships, ABB is working with the Indian government’s think tank, NITI Aayog, to digitalize key sectors of the Indian economy and to realize the potential of AI, big data and connectivity.

“Look at how technology is improving lives in India and around the world,” Spiesshofer said at NASSCOM. “Hundreds of millions of people have been lifted out of poverty; off-grid communities across the world are rapidly gaining access to electricity; and thanks to mobile phones and the internet, more people are better informed and connected than ever before.”

CEO Ulrich Spiesshofer explains how ABB is helping industries to embrace the digital transformation: read more here.

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