Insights

Future of EdTech Industry in India (FY 2023 -24)

In India, edtech has played an important role and contributed significantly to uplifting the standard of education over the last few years. The breakout of the Covid-19 pandemic has also initiated the growth of the edtech industry in the country.

Return to normalcy post COVID-19 affected business models and profitability and funding plummeted. Macroeconomic factors also affected the sector globally. However, the exciting debut of ChatGPT by OpenAI towards the end of the year has put the focus back into the leaps that education can take with the advent of Industry 4.0 technologies such as artificial intelligence.
Insights
In 2023, Indian edtech will have to rethink business models while keeping learners needs and business sustainability at the center. Currently it is growing at a moderate pace and is expected to record an exponential growth of US$ 30 billion by 2031.
EdTech platforms have become an essential tool as they provide a wide range of features that help to improve the learning experience. As the adage goes, “what can’t be measured can’t be managed”, to ensure ongoing system improvement, it is crucial to employ standard industry metrics to measure performance.

With the changing trends, SAP provides a tailor-made solution to manage EdTech platforms efficiently. At ENC, we provide SAP solutions for Ed Tech industry that addresses specific to higher education and research industry for achieving cost-effective transformation and sustainable growth.

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Industrial Automation (4.0)

Industrial Automation (4.0)
Industry 4.0 can be defined as the integration of intelligent digital technologies into manufacturing and industrial processes. It encompasses a set of technologies that include industrial IoT networks, AI, Big Data, robotics, and automation.

Manufacturing companies recognize Industry 4.0 as a strategic priority to improve productivity and create tangible business outcomes. A recent study shows that Industry 4.0 has significantly impacted productivity and profitability, with 63% of manufacturing companies reporting a profitability increase of more than 5% compared to the year before. 61% of companies report that Industry 4.0 is already a competitive differentiator.

With Industry 4.0, the entire industrial environment is fully digitalized connecting the physical world of engineering, manufacturing and supply chain with enterprise business information, processes, and systems. To move Industry 4.0 forward, SAP found that companies apply four winning strategic initiatives putting intelligence into products, factories, logistics, assets and empowering people.

ENC, as your SAP consulting partner can help your organization achieve the benefits and impact of Industry 4.0 by embracing it holistically across your entire organization.

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Growth projections in Infrastructure business

Infrastructure is the backbone of domestic and international commerce, industrial and agricultural production. It is the fundamental organizational and physical framework necessary to operate a firm successfully. The infrastructure sector focuses on major infrastructure sectors such as power, roads and bridges, dams and urban infrastructure.
The India Infrastructure Sector Market size is expected to grow from USD 186.24 billion in 2023 to USD 294.12 billion by 2028, at a CAGR of 9.57% during the forecast period (2023-2028).

The Infrastructure Market in India, with major local and international players is less competitive and partially fragmented, as many new entrants focus on bagging projects to strengthen their positions among the market’s key players.

Gain competitive advantage and keep projects on track by leveraging SAP. Integrated SAP solutions for construction and engineering which span the entire project lifecycle, from planning, design to project management and operations, SAP software solutions provide the comprehensive enterprise-wide visibility you need to excel.

Using SAP’s best practices ENC delivers a pre-configured and custom-fit SAP solution designed to streamline your businesses for maximum efficiency and your firm achieve optimized operations in the key areas at the core of your business.
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Our AMS services are based on best practices which involve a set of guidelines and strategies to ensure effective and efficient support for SAP systems.

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Satellite System Integration

SAP satellite system integration offers an opportunity to optimize processes, reduce manual data entry, enhance data accuracy, and achieve a more holistic view of business operations across systems.

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Frequently asked questions

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What's the difference between updating and upgrading in SAP?

When you update SAP products, you apply patches, support packs, or hotfixes. We involve Upgrade term only when you want to change the product release.

Why do you need SAP Upgrade?

The oscillating market demands revolve around catering to customer requirements. Therefore, businesses should implement technocratic strategies to strengthen their service and offer innovative solutions while building a better business model.

We get in-depth business functionalities when we update software with the new update. These new functionalities often help businesses to leverage the latest technologies. Moreover, it would always help them to mitigate many business bottlenecks. Hence every business has to take SAP Upgrades quite seriously.

How to handle 3rd party SAP programs?

Check with the 3rd party vendor for the programs. Normally all the 3rd party SAP certified vendors maintain the set of programs for each version.

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