TNI || New Delhi || 26th April 2022
Apollo Tyres has created a Digital Innovation Hub in London as part of its digital strategy to embrace Industry 4.0.
The Innovation Hub of the Indian tyre manufacturer will use machine learning and artificial intelligence to tackle complex production issues and enhance the productivity, quality, and longevity of the company’s manufacturing operations.
In addition, as part of a UK government strategy, the new hub will collaborate with Glasgow University to develop an ongoing internship programme for science, technology, engineering, and math students.
The Hub is the conclusion of a five-year growth strategy that will see the company invest heavily in tech and cloud infra. In the United Kingdom, strategic digital applications for Apollo’s Innovation Hub are being built.
Professional companies in London are currently being approached to assist with the creation of sophisticated applications.
Neeraj Kanwar, vice chairman and managing director of Apollo Tyres, stated that their London office is the nerve core of a US $2.5 billion global company with 20,000 people throughout the world. In the UK alone, they employ over 130 people across six business units ranging from innovative production to technological advances, artificial intelligence, and digital freight.
The company has pledged £5 million [$6.5 million] to the Digital Innovation Hub, which will aid in the acceleration of digitalization efforts as well as other cloud and data computing initiatives.
According to British Prime Minister Johnson, trade and business between the United Kingdom and India are creating excellent jobs and improving livelihoods in both countries.
He added that he is delighted that Apollo Tyres has opted to embrace the ranks of Indian companies investing in the UK, supporting its technological industry and increasing economic growth.