Birla Institute of Technology & Science (BITS), Pilani

Practice School Division

Industry Readiness – A perspective

Date of Release: April 2nd, 2023

First update on: April 10th, 2023
Second update on: August 8, 2023
 Industry Readiness – A Perspective

TABLE OF CONTENTS

Page
Write-up
No.
An industry readiness for students aspiring to join the software industry in the 2
next few years – Dr. Harsh Verma, with inputs from OpenAI, Glocol
Networks (IOT and AI) , California
How to get the best out of an Internship? - Mr. Ganesh Ramamoorthy, 3
Managing Director, Kick drum India
Industry Readiness for PS in CSIS - Dr. Chetana Gavankar, Associate 4-5
Professor, CSIS, BITS Pilani
Industry Readiness in Digital Signal Processing Domain –Dr. Shree Prasad 5
M., Assistant Professor, Dept. of EEE-WILP
Industry Readiness in Data Science – Dr. Pradheep Kumar. K., Associate 7-9
Professor (CSIS)
An overview of Industry Readiness – Dr. R. Srinivas, Assistant Professor, 10-12
Dept. of Civil Engineering, BITS Pilani- Pilani campus
Industry Readiness in Pharmaceutical Industry –
Ms. Natasha Joseph, Group Lead – Sterile Injectables, Global
Regulatory Sciences, Pfizer Healthcare, India. 13-15
Mr. Babu KS, Head – Global Regulatory Sciences, Pfizer Healthcare,
India.
Insights into latest trends and qualities that make engineers’ industry ready – 16
Mr. Ranjit Tulasi, Christie Digital Systems, Bangalore / USA
INDUSTRIAL READINESS IN IOCL/ENERGY SECTOR INDUSTRY By
-Abhishek Kumar - Electrical Engineer, Maintenance Manager, IOCL,
Koyali (Vadodara) 17
-Pooja Shah - Electrical Engineer, Operations Manager, IOCL, Koyali
(Vadodara)
INDUSTRIAL READINESS IN PUBLIC ENERGY SECTOR
By -Archit Jain - Mechanical Engineer, Operations Manager, IOCL, 20
Koyali (Vadodara)
Industry Readiness in Production Unit, IOCL Gujarat Refinery 21
by Mr. Vikas Sharma-AM Quality Control, Mr. JD Pathak-TPM Dept.
Write-up on Industry Readiness by organization mentors - Caliber 23
Interconnect Solutions, Coimbatore
Industry-Readiness - Dr. Thallada Bhaskar, Senior Principal Scientist, 24
Divisional Head, MRED, CSIR-IIP
Industry Readiness - Mentors – Western Irrigation, Rajkot 25
Industry Readiness – Mentors of Sud-Chemie Unit, Vadodara 30
Perspectives on Industry Readiness in a Specific Sector – Mentors of 31
INFLIBNET

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 Industry Readiness – A Perspective

An industry readiness for students aspiring to join the software industry in the
next few years:
Dr. Harsh Verma, with inputs from OpenAI
Glocol Networks (IOT and AI), California

As the world continues to digitize rapidly and we see a lot of growth in new technologies,
the demand for skilled software engineers and developers is only growing. If you're a
student currently looking to join the software industry in the next few years, here are a
few key things you can do to prepare yourself for success.

Learn to Code: The most important skill you'll ever need as a software developer is the
ability to write code. Start by learning the basics of a programming language like Python,
Java or JavaScript. In addition to course curriculum, there are plenty of free resources
online. Practice makes a person perfect! Make sure you practice by working on your own
projects, like building a simple web app or a game.

Understand the Software Development Life Cycle: Developing software is a complex

process that involves many stages right from planning to design to testing and
deployment. As a student, you should familiarize yourself with the software development
life cycle (SDLC) and the different methodologies such as Agile, Waterfall, and DevOps.

Focus on solving real-world problems: The best software developers are those who
can solve real-world problems with technology. As you work on projects and build your
skills, focus on how you can use your knowledge to create practical solutions that make a
difference in people's lives.

Keep up with industry trends: The technology landscape is constantly evolving, and
it's essential to stay up-to-date with the latest industry trends. Attend industry
conferences, become a member of the local Computer Society or ACM Student Chapter,
read blogs and articles, and look for opportunities to network with professionals who are
already in the industry to stay informed.

AI - Artificial Intelligence, is a significant trend in the software industry, and is expected

to continue to grow and evolve in the coming years. Understand the AI landscape -
Machine learning as a critical component of AI is developing a lot of buzz and involves
training algorithms to make predictions based on data. Learn the required skillsets for AI
and understand how to use AI for your own learning.

Take up a project, seek mentorship and guidance: Take up a project internship, seek
mentorship and guidance from experienced professionals in the industry. This will help
you gain valuable insights into the industry, develop your skills, and build your network.

Overall, the software industry is an exciting and rapidly growing field, with ample
opportunities for growth and advancement. As a student, it is important to remember that
success in this industry requires continuous learning, adaptability, and a passion for
problem-solving. By following these tips and focusing on developing your skills and
experience, you'll be well on your way to a successful career in software development.

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 Industry Readiness – A Perspective

How to get the best out of an Internship? –

Mr. Ganesh Ramamoorthy, Managing Director, Kick drum India

A good #internship is generally seen as a reward for strong technical skills and higher
grades. To make a career out of your internship, transferable skills play a more critical
role. In the same spirit, to hire great team members, companies need to pay attention
and adapt themselves to “what the interns want”. #career

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 Industry Readiness – A Perspective

Industry Readiness for PS in CSIS

Dr. Chetana Gavankar, Associate Professor, CSIS

Industry readiness is all about making students ready for PS as well as to face the external
world once they graduate. It is important that students start preparing themselves to take
up such challenging positions without much of a hassle. It is important for students to
understand the entire spectrum of opportunities in the domain of the career choice and
make a judicious decision keeping the skill sets and interest in view.

Broad Domains /Areas of CSIS:

● Application Development
○ Web App development
■ Backend
■ Frontend
■ Full-stack
○ Mobile App development
■ Native
■ Cross-Platform
○ Databases
■ Relational
■ NoSQL
○ Cloud-Native Apps
■ Microservices
■ Containers
■ APIs and Gateways
○ DevOps
○ LowCode/NoCode development
● AI/ML and Data Analytics
○ Machine Learning
○ Deep Learning
○ Reinforcement Learning
○ Natural Language Processing
○ Information Retrieval
● Systems
○ Cloud Computing
○ Big Data Systems
● Security
○ Cybersecurity
● Hardware Development
○ Embedded,
○ Digital electronics,
○ Hardware architecture,
○ Validating/testing tools like verilog
● Augmented Reality/VR, multiverse

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 Industry Readiness – A Perspective

Courses:

Discipline specific courses (MUST) Discipline specific courses (MUST)

Name of the course Name of the course
Computer Programming Technical Report Writing
Data Structures & Algorithms Probability and Statistics
Database Systems Computer Architecture
Object Oriented Programming Operating Systems
Computer Networks
Discipline specific courses* Discipline specific courses*
(OPTIONAL) (OPTIONAL)
Software Engineering Foundations of Data Science / Data Mining
Design and Analysis of Algorithms Machine Learning
Software Development for Portable
Devices Deep Learning
Cloud Computing Natural Language Processing
Service Oriented Computing

*Students are suggested to have a look at Data Science and Computing and Intelligence
minors.
*Students are highly recommended to complete Postman Student Expert Certification

Programming and Database Languages

● Knowledge of at-least one programming language is MUST

● Suggested programming languages
o Java
o Python
o JavaScript
● SQL

Popular Tech-stacks

● Application Development
o Full-stack JavaScript - ReactJS/Angular, NodeJS, MongoDB, REST APIs
o Java-stack - HTML, Java, SpringBoot, Hibernate, RDBMS
o Python-stack - HTML, Python, Django, PostgreSQL, REST APIs
o Cross platform - ReactNative / Flutter, NodeJS, MongoDB/RDBMS, REST APIs
o Cloud-native - AWS, Docker, Kubernetis, APIs
o Supporting tools - GIT, JIRA, Confluence Wiki
● (Big) Data Analytics
o MS Excel, SQL/Python, Visualisations
o Tableau / PowerBI
o Apache Spark, HDFS, Hive
● AI/ML
o Machine Learning - Python, Pandas, scikit-learn, Jupyter notebooks
o Deep Learning - Tensorflow
o NLP - NLTK, Spacy, ChatGPT
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 Industry Readiness – A Perspective

Industry Readiness in Digital Signal Processing Domain

Dr. Shree Prasad M., Assistant Professor, Dept. of EEE-WILP

Industry Verticles: According to Mckinsey, Industry 4.0 is valued at $3.7 trillion market
by 2025. The digital signal processing domain is one of the key enablers for the Industry
4.0 revolution. Digital signal processing or DSP, is an evergreen domain and has gained
traction with the advent of the internet of things, evolving wireless communication
standards, and renewed interest in machine learning. A multitude of companies, such as
ISRO, DRDO, Texas Instruments, Analog Devices, Mobileye, NXP semiconductors, NVIDIA,
Nokia-Siemens network, Bose, Cadence, GE etc., are working on a wide range of topics
such as (but not limited to)

i. Signal processing for wireless and wireline communication technologies.

ii. Self-driving cars.
iii. Internet of Things.
iv. Computer vision and robotics.
v. Audio signal processing.
vi. Augmented/Virtual reality.
vii. Medical image processing.
viii. Machine learning.
ix. Military/Defense.

Foundational Courses: To be industry ready and work on the aforementioned topics,

one should have a solid foundation of both theoretical and practical knowledge. The
necessary subjects are

i. Linear Algebra.
ii. Probability theory and random process.
iii. Digital signal processing.
iv. Adaptive signal processing.
v. Digital image processing.
vi. Radar and Wireless communication (Including Digital Communication).
vii. Digital Signal Processors.
viii. Machine learning (Including Optimization theory).

The required practical or programming skills are

i. C and C++ programming.

ii. Python programming.
iii. MATLAB/Simulink.
iv. Python packages such as Tensorflow, Opencv, Pytorch, and ONNX.

The DSP domain is indispensable for present and future technologies. Equipping with the
right skills will provide opportunities to work/innovate on cutting-edge technologies and
be part of futuristic technologies. More information about DSP can be found on the below
link.

Useful Link: Signal Processing in Autonomous Vehicles

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 Industry Readiness – A Perspective

Industry Readiness in Data Science – Dr. Pradheep Kumar. K., Associate

Professor (CSIS)

Industry readiness enables students to equip themselves with the appropriate skills to
address the industry needs. In other words, it acts as a bridge between the academic and
industry community. To accomplish the same, they need to choose appropriate
programmes and certifications to effectively apply the concepts grasped to use cases for
real world applications.

Broad Areas of Data Science:

 Artificial Intelligence
 Machine Learning
 Deep Learning
 Quantum Computing
 Data Visualization
 Data Science and Analytics

Courses:
Common courses Discipline specific courses
Sl. No. Name of the course Sl. No. Name of the course
1 Mathematical Foundations for Data
1 Mathematics Science
2 English 2 Python Programming
3 Physics 3 Introduction to Data Science
4 Chemistry 4 Data Visualization
5 Computer Programming 5 Quantum Computing
6 Cloud Computing
7 Augmented Reality
8 Mathematical Foundations for Data
Science

Four components of Industry Readiness:

Problem
Solution Skills
identification Implementation

PS-1 attempts to apply concepts learnt through courses to propose solutions to problems
in real world. It also provides an opportunity to students to update their knowledge on
industry best practices and techniques which would also facilitate the academic community
to update the case studies and courses which would help the “Work Integrated Learning
Programme”.

Problem Identification -
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 Industry Readiness – A Perspective

Understanding the requirement of the client or company and identify the basic modules
for the problem. Make a diagram to create the process flow and identify the concepts
which are required for solving the problem.

Solution:
Identifying the concepts and applying the same in sequence to provide a feasible solution.

Skills:
Acquiring the required skills by bridge courses to help the student arrive at a cost effective
and feasible solution

Sources of knowledge:
 Internet articles and Blogs
 E-books
 Research papers

Attributes of experiential learning:

Kolb’s (1984) cycle of learning depicts the experiential learning process (see figure below).
This process includes the integration of:

knowledge—the concepts, facts, and information acquired through formal learning and
past experience;
activity—the application of knowledge to a “real world” setting; and reflection—the
analysis and synthesis of knowledge and activity to create new knowledge” (Indiana
University, 2006.).

What does experiential learning look like?

Experiential learning has the following elements (Association for Experiential Education,
2007-2014):

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 Industry Readiness – A Perspective

 Experiences are carefully chosen for their learning potential (i.e. whether they provide
opportunities for students to practice and deepen emergent skills, encounter novel and
unpredictable situations that support new learning, or learn from natural consequences,
mistakes, and successes).
 Throughout the experiential learning process, the learner is actively engaged in posing
questions, investigating, experimenting, being curious, solving problems, assuming
responsibility, being creative, and constructing meaning, and is challenged to take
initiative, make decisions and be accountable for results.
 Reflection on learning during and after one’s experiences is an integral component of the
learning process. This reflection leads to analysis, critical thinking, and synthesis (Schon,
1983; Boud, Cohen, & Walker, 1993).
 Learners are engaged intellectually, emotionally, socially, and/or physically, which
produces a perception that the learning task is authentic.
 Relationships are developed and nurtured: learner to self, learner to others, and learner
to the world at large.

Tools Available:

Python, Tableau, R, Chatgpt, Tensor Flow, Pytorch, etc

Summary:

Student should be able to apply machine learning and digital solutions to industrial
problems. Students should also analyse the solution and ensure it is cost effective.

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 Industry Readiness – A Perspective

An overview of Industry Readiness – Dr. R. Srinivas, Assistant Professor, Dept.

of Civil Engineering, BITS Pilani- Pilani campus

1) What is industry readiness?

Industry preparedness is the condition of having the information, skills, and abilities
required to enter and excel in a specific industry or career. It evaluates a person's or a
group's capacity to carry out the needs and specifications of a certain sector or job
function.

It is essential for job seekers, students, and professionals who want to transition into a
new field or advance their careers. It involves acquiring the necessary technical, analytical,
and soft skills, as well as understanding the industry's trends, challenges, and best
practices.

Common indicators of industry's readiness include:

1. Relevant education and training: Solid academic credentials or industry-specific

certificates that show the essential knowledge and abilities

2. Practical experience: Hands-on experience through internships, apprenticeships, or

projects that demonstrate the ability to apply theoretical knowledge in real-world
situations.

3. Soft skills: Interpersonal skills, communication skills, problem-solving skills, and

teamwork that are essential for success in any industry.

4. Industry knowledge: Understanding the industry's trends, regulations, and best

practices.

5. Adaptability: The ability to learn new skills, adapt to new situations, and embrace
change.

2) What are the key attributes for success in the industry?

Depending on the particular industry, job role, and business culture, the key attributes for
success in any industry can change. However, there are a few attributes that are similar
to various businesses and are typically necessary for success. These attributes include:

1. Strong work ethic: A strong work ethic is an essential attribute for success in any
industry. It involves a commitment to work hard, be reliable, and take ownership
of one's work.

2. Adaptability: The ability to adapt to changing circumstances and new challenges is

crucial in any industry. Being able to quickly pivot and adjust to new situations can
help individuals and organizations stay competitive and relevant.

3. Continuous learning: The willingness to learn and acquire new skills is vital in
today's rapidly evolving industries. Individuals who are committed to continuous
learning can stay up-to-date with the latest trends and technologies, which can
help them stay ahead of the curve.

4. Communication skills: Effective communication is essential in any industry. Strong

communication skills can help individuals build relationships, collaborate with
others, and communicate ideas clearly and persuasively.
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 Industry Readiness – A Perspective

5. Problem-solving skills: The ability to solve complex problems is critical in most

industries. Individuals who can identify problems, develop solutions, and
implement them effectively are highly valued in the workplace.

6. Leadership skills: Leadership skills are important for individuals who want to
advance in their careers or take on management roles. Effective leaders can inspire
and motivate others, delegate tasks, and make decisions that drive organizational
success.

3) Mention the checklist (rank-wise if possible) of parameters in

evaluating industry readiness.

1. Education and training: Does the individual have the necessary academic or
technical qualifications and industry certifications?

2. Technical skills: Does the individual have the necessary technical skills to perform
the job role, such as proficiency in specific software or programming languages?

3. Practical experience: Does the individual have relevant work experience or

internships that demonstrate their ability to apply theoretical knowledge in real-
world situations?

4. Soft skills: Does the individual have strong interpersonal skills, communication
skills, problem-solving skills, and teamwork skills?

5. Industry knowledge: Does the individual have a good understanding of the

industry's trends, regulations, and best practices?

6. Professionalism: Does the individual have a professional demeanor and conduct

themselves appropriately in the workplace?

7. Adaptability: Is the individual flexible and able to adapt to changing circumstances

and new challenges?

8. Leadership potential: Does the individual have leadership potential or the ability to
take on management roles in the future?

9. Networking skills: Does the individual have strong networking skills and the ability
to build relationships with colleagues, clients, and industry professionals?

10. Continuous learning: Is the individual committed to continuous learning and

staying up-to-date with the latest trends and technologies in the industry?

4) What are the challenges in being industry ready?

a. Rapidly changing industry: Many industries are rapidly evolving, and keeping up
with the latest trends and technologies can be challenging. Individuals may need
to constantly update their skills and knowledge to remain competitive in the
industry.

b. Lack of practical experience: While having a strong academic background is

important, practical experience is equally essential in most industries. However, it
can be challenging to gain practical experience, especially if an individual is new to
the industry or job market.

c. Limited resources: Not all individuals may have access to the necessary resources,
such as training programs, mentors, or industry experts, to become industry ready.

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 Industry Readiness – A Perspective

d. Soft skills: Soft skills, such as communication, problem-solving, and teamwork, are
critical for success in any industry. However, developing these skills can be
challenging, especially for individuals who have not had much experience in a
professional setting.

e. Time constraints: Becoming industry ready can be a time-consuming process,

especially for individuals who are balancing work, education, and personal life.

f. Competition: The job market can be highly competitive, and there may be many
other individuals vying for the same job roles. Being industry ready may not
guarantee immediate success in securing a job.

g. Uncertainty: Finally, there may be a certain level of uncertainty and unpredictability

associated with any industry. It can be challenging to prepare for all eventualities
and uncertainties that may arise in the workplace.

5) Mention the single most reason behind the lack of industry readiness.

The single most significant reason behind the lack of industry readiness is the gap between
the education and training provided and the actual requirements of the industry. Many
educational institutions and training programs may not adequately prepare individuals for
the real-world challenges of the industry, and there may be a mismatch between the skills
and knowledge that individuals possess and the skills and knowledge required by the
industry. This gap can occur due to a variety of reasons, such as outdated curriculums,
lack of practical experience, limited exposure to the industry, or insufficient training
resources. Additionally, the rapid pace of technological advancement and industry
evolution can make it difficult for educational institutions to keep up and provide relevant
and up-to-date training.

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 Industry Readiness – A Perspective

CONCEPT NOTES – INDUSTRY READINESS IN PHARMACEUTICAL INDUSTRY

Natasha Joseph, Group Lead – Sterile Injectables, Global Regulatory Sciences,

Pfizer Healthcare, India.

Babu KS, Head – Global Regulatory Sciences, Pfizer Healthcare, India.

Domain knowledge is the first step towards starting any career; however, it does
not mean you are industry ready. Industry readiness refers to having the right skillset and
knowledge to become employable and productive to the current industries requirements.
In today’s highly competitive job market, fresh graduates must be industry ready prior to
appearing for job interviews / placements.

The pharmaceutical industry is constantly evolving and growing. That makes it one
of the most desirable industries to work in. The Pharmaceutical sector is found to have a
high and uniform level of smart industry maturity, along with innovative medical
technology and its digitalization. Among the top five digitally mature sectors in 2022;
Pharmaceutical Industry ranked third.

The Pharmaceutical Industry is incredibly vast with endless opportunities, and you
can choose the area you will excel based on the skill you possess. Pharmaceutical company
jobs include, but are not limited to, Production and Quality Control Chemists, Research
and Development Scientists, Clinical Research Scientists, Global Regulatory Sciences,
Supply Chain Management, Pharmacologists, Product Sales Specialists and Scientific &
Medical Writing Experts etc.

To make the best career in the Pharmaceutical Industry, one must be familiarized
with the skills that can help to be industry ready and successful which includes.
 Critical thinking and problem-solving
 Collaboration across networks and leading by influence
 Agility and adaptability
 Initiative and entrepreneurialism
 Effective oral and written communication
 Accessing and analysing information
 Curiosity and imagination

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 Industry Readiness – A Perspective

One must also follow market trends and keep updated on the latest developments
in the industry. Building technical expertise in newer areas will give you an edge over
other aspirants and for the same there are plenty of free online courses that can boost
technical skills and enable to gain practical exposure to theoretical knowledge gathered in
university. This can attribute for success in the industry.

You need to be aware of key business trends and influences on the various sectors
of the industry. Employers in the pharma industry value candidates who could predict
industry trends, manage budgets, and make projections for future finances.

Transferrable soft skills are just as essential to be Industry ready. These skills are
what help you maintain your position and success at work. Your communication and
emotional intelligence skills can take you places. To become a valuable asset for a pharma
company, you need a wide variety of transferable skills and qualities. Professional
communication is vital in any field. The way you communicate reflects your character and
mindset. Therefore, it is important to have a good command over English to speak
confidently. You need to be aware of how to put your point across and inform people about
any product or service. When working a sales job in pharma, you need to be an excellent
listener as well and engage with consumers in a convincing manner. You must also be
emotionally intelligent to understand and recognize your peers’ and clients’ feelings.

The criteria that Industry use while evaluation a candidate include, but are not
limited to: Educational qualification, technical skills, Communication skills, Ability to work
in a team environment, Attitude and motivation, Leadership skills, Critical thinking and
problem solving.

Some of the challenges in achieving industry readiness and to have fruitful careers
are as follows;
a. Lack of Practical exposure, technical & professional courses aren’t designed in
consultation with the industry
b. Attitude: Your attitude determines your altitude. It is a critical factor that
determines how far or high you go in your chosen career. Attitude cannot be
taught through textbooks.
c. Passion: Passion is what will help you run the entire Corporate Marathon. The
corporate journey is a long one with its own ups and downs. When people are

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 Industry Readiness – A Perspective

passionate about what they are doing, work does not seem like work, it
becomes a joy.
d. Flexibility or Adaptability: When students enter the corporate world, sometimes
they have fixed mindsets on what they want to do or do not do. This rigid
mindset may restrict them to explore new opportunities. The corporate world
is an ever-evolving world. What is relevant today may be obsolete in 5-10
years. [4]
e. Resilience: Bouncing back every time you fall is a rare but essential trait to
survive in the corporate jungle. Many times, professionals are faced with
challenges and circumstances, which may not be under their control. To stay
confident and undeterred in such situations, to do everything that is within
your control and to stay positive all along does not come easily to all. So that
unexpected circumstances cannot break them but make them better and
enable them to bounce higher.

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 Industry Readiness – A Perspective

Insights into latest trends and qualities that make engineers’ industry ready –
Ranjit Tulasi, Christie Digital Systems, Bangalore / USA

Latest Trends:
1. AI and ML – We have seen tremendous growth in the Artificial Intelligence and Machine
Learning fields. Companies have started adopting AL/ML for faster decision making for the
future. There is lot of focus on AI-powered automation of operations. At the same time,
there is caution around AI trust, risk, and security management.
2. Cloud Computing - Migrating applications and infrastructure to Cloud and embracing
cloud computing is a trend that is still happening in the industry. Industry-specific cloud
applications are also on the rise. Cloud computing also supports environmental, social and
governance sustainable goals.
3. Data Analytics – Along with AL/ML, data analytics is another area that helps
companies make data-driven real-time decisions. Reporting and analytics are the
backbone of any organization and powering data analytics with machine learning models
is here to stay.

Qualities:
1. Open to Learning
2. Adapting to Change
3. Staying Positive

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 Industry Readiness – A Perspective

INDUSTRIAL READINESS IN IOCL/ENERGY SECTOR INDUSTRY

By
-Abhishek Kumar - Electrical Engineer, Maintenance Manager, IOCL, Koyali
(Vadodara)
-Pooja Shah - Electrical Engineer, Operations Manager, IOCL, Koyali (Vadodara)
Prepared By
-Vraj Sanariya - (2021A3PS2658G)
-Shivam Pachchigar - (2021A3PS2228G)
1. What is Industry readiness?
The pipelines division relies on industry readiness, which encompasses the right skill set
and knowledge required for employment and productivity in today's industries. Advanced
electrical components, including SCADA systems with PLCs and HMIs, enable real-time
monitoring and control of pipeline operations. Robust electrical power systems, such as
transformers and UPS units, ensure a stable power supply for critical infrastructure. This
emphasis on industry readiness ensures the safe and efficient transportation of resources
through well-prepared pipelines, facilitating employment and productivity in the industry.

2. What are the key attributes for success in the industry?

1. Emphasis on Practical Solutions: In the industry, the focus is on finding practical
solutions that can effectively address operational challenges. It is crucial to propose
solutions that are not only feasible but also practical in real-world scenarios.

2. Optimization and Disruption Mitigation: Implementing appropriate solutions allows

individuals to optimize operational processes and mitigate potential disruptions. By
identifying and applying practical solutions, companies can maintain a seamless workflow
and ensure smooth operation.

3. Alignment with Industry Readiness: The emphasis on practicality aligns with the concept
of industry readiness, which emphasizes the application of theoretical knowledge to
practical situations. This approach contributes to the overall efficiency and success of
operations in the industry.

3. Mention the checklist (rank-wise if possible) of parameters in evaluating

industry readiness.
1. Workforce Skills and Knowledge: Assess the technical expertise,
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 Industry Readiness – A Perspective

job-specific skills, and theoretical understanding of industry concepts possessed by

individuals.

2. Technological Adoption and Integration: Evaluate the extent of advanced technology

utilization and integration within the industry to enhance productivity and competitiveness.

3. Regulatory Compliance and Safety: Examine the industry's adherence to regulations,

standards, and safety protocols to ensure compliance and protect workers and the
environment.

4. Market Intelligence and Adaptability: Assess the industry's ability to gather and analyze
market data, identify trends, and adapt strategies accordingly.

5. Infrastructure and Resource Availability: Evaluate the adequacy and efficiency of

physical and digital infrastructure, including facilities, equipment, and resource utilization.
6. Collaboration and Industry-Academia Linkages: Examine the level of collaboration
between industry stakeholders, educational institutions, and research organizations.

7. Innovation and Continuous Improvement: Assess the industry's focus on innovation,

research, and development efforts to drive growth and improvement.

8. Diversity and Inclusion: Evaluate the industry's commitment to diversity and inclusion
in terms of gender balance, equal opportunities, and inclusive work environments.

4. What are the challenges in being industry ready?

1. Rapid Technological Advancements: Keeping up with the fast-paced changes in
technology is a challenge faced in achieving industry readiness.

2. Changing Skill Requirements: Adapting to the evolving skill requirements of the industry
is necessary but can be challenging.

3. Limited Practical Exposure: Insufficient practical experience and exposure hinder

industry readiness.

4. Industry-University Gap: Misalignment between industry needs and university curricula

create a gap in preparing students for the industry.
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 Industry Readiness – A Perspective

5. Lack of Collaboration: Limited collaboration and interaction between academia and

industry impede industry readiness efforts.

5. Mention the single most reason behind the lack of industry readiness.
The single most significant reason behind the lack of industry readiness is the limited
integration of practical, hands-on experiences and real-world applications in educational
and training programs.

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 Industry Readiness – A Perspective

INDUSTRIAL READINESS IN PUBLIC ENERGY SECTOR

by

-Archit Jain - Mechanical Engineer, Operations Manager, IOCL, Koyali

(Vadodara)

1. What is Industry readiness?

Industry readiness requires more practical knowledge linking the theoretical concepts in a
way that becomes practical for students to learn and understand & implement the same
in practical situations. It can be defined as the state where a person is equipped with the
above knowledge to link the theoretical and practical concepts to get the job done.

2. What are the key attributes for success in the industry?

Key attributes for success in industry are timely execution along with proposing practical
solutions that can be extrapolated to a large set of similar situations with slight or no
modification.

3. Mention the checklist (rank-wise if possible) of parameters in evaluating

industry readiness.

The parameters involving the evaluating the industrial readiness of any person

involves the following steps:

A. Practical approach

B. Problem solving skills

C. Updated industry knowledge

D. Strong theoretical basics

4. What are the challenges in being industry ready?

The challenges that are faced while acquiring industrial readiness are:

Most institutes focus on theoretical concepts, which are required but attention also needs
to be paid on practical knowledge. Type of works performed in different industries and
knowledge required may be collected from industry experts and the same to be also
included in syllabus (theory as well as practical if possible).

5. Mention the single most reason behind the lack of industry readiness.

Less practical exposure is the single most reason behind the lack of industry readiness.

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 Industry Readiness – A Perspective

Industry Readiness in Production Unit, IOCL Gujarat Refinery

By

Mr.Vikas Sharma-AM Quality Control

Mr. JD Pathak-TPM Dept

Prepared by:

Rudra Mathur 2021A1PS2112P

Abhay Kumar Choudhary 2021A1PS2595P
Varun Chitlange 2021B1A12733P
Sidhant Bhattacharjee 2021B2A12745P
Abhigya Khandelwal 2021A1PS2969G
Damerla Tarun Sai 2021B1A12741P

1. What is industry readiness in IOCL Production Unit?

“Industry Readiness in IOCL attributes planning its marketing strategies and always
extending its capabilities to compete and stand apart in the market. IOCL believes in
diversifying its business. XP 100 petrol has been manufactured in Gujarat Refinery to give
a high octane fuel which can perform more efficiently and smoothly. The industry has also
taken initiative to reduce lead levels in AV Gasoline termed as AV Gasoline -100LL. IOCL
has also started production in Polymers (Plastic industry) which expands its market reach
and helps the industry flourish. IOCL has been also working intensively on Hydrogen fuel
cell thus preparing itself for future to maintain its position in the industry unaffected by
the fossil fuels extinction.” – Mr Vikas Sharma AMQC

“IOCL is prepared for industry readiness. It is the only major PSU in India which is prepared
for NET ZERO-2046. We are having INDMAS Technology (it can refine any type of crude).”
– Mr JD Pathak, TPM Dept.

2. What are the key attributes of success in the industry?

“Key attributes for success in the industry includes:

Job security

Employee Friendly Environment-Freedom to work and experimenting in production

leading to a healthy work culture and production of high innovative quality products - PSU
Maharatna Tag” – Mr Vikas Sharma , AMQC

“It is the only company which runs with the least man power indicating the skills and
expertise of the workers making the industry one of the biggest success in the market.
IOCL has been featured in Fortune 500 list globally since 2010.” – Mr JD Pathak TPM Dept.

3. Mention the checklist of parameters in evaluating industry readiness.

“Here is the following checklist for evaluating industry readiness:

Technology Upgradation

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 Industry Readiness – A Perspective

Employee Satisfaction

Diversification and Expansion

Response to Market Demands

Following Government regulations and norms

Environment Safety.” – Mr Vikas Sharma, AMQC

4. What are the challenges faced in being industry ready?

“Most of the business is dependent on Refining which poses a threat for the industry in
future when crude and fossils will become extinct thus impacting the major business
revenue of the industry. Indian crude is not sufficient for energy requirements in the
country. To meet the requirement, crude has to be imported from foreign countries thus
imposing several govt. norms and regulations on it. Due to this, the industry can’t function
independently and freely and has to abide by govt rules and regulations thus limiting the
capacity and efficiency of the refinery. Limited crude availability always poses a threat to
the industry.” – Mr. Vikas Sharma, AMQC.

5. Mention the main reasons behind the lack of industry readiness?

“Lack of skill development of workmen operating in units is one of the main reasons the
industry is lacking in industry readiness. Workers in fields are not much aware about the
concept and functioning of the plant as a whole. They just have information about their
space and work in one of the parts of the unit and thus they can’t coordinate and make
the plant run to its optimum efficiency.” – Mr. JD Pathak, TPM Dept.

“Weak advertising of the initiatives taken by the refinery and the products manufactured
is one of the major reasons pointing to lack of industry readiness. Customer feedback are
not worked upon in the refinery which makes it unresponsive towards market needs and
demands.” – Mr Vikas Sharma, AMQC.

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 Industry Readiness – A Perspective

Write-up on Industry Readiness by organization mentors

Caliber Interconnect Solutions, Coimbatore

1) What is industry readiness?

This is to see whether students have tried to do self-learning which is an indication of
whether they will be able to pick up new knowledge / skills quickly.

2) What are the key attributes for success in the industry?

1. Strong Communication Skills
2. Self-Confidence
3. Desire to Help Others
4. Leadership

3) Mention the checklist (rank-wise if possible) of parameters in

evaluating industry readiness.
1. Digital Transformation
2. Technology Management
3. Culture and Organization
4. Customer Experience

4) What are the challenges in being industry ready?

The skills that the employees are learning should be relevant to the kind of job that they
do to yield optimum results. The skills must be employed by professionals in their day-to-
day work and KRAs, without which the whole purpose of training is lost. A few months
down the line, employees are bound to forget the new skills without practice. Training
without applicability is as good as no training.

5) Mention the single most reason behind the lack of industry readiness.
Lack of frequent webinars / workshops with renowned industry persons as speakers as
well as lack of awareness.

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 Industry Readiness – A Perspective

Industry-Readiness

Dr. Thallada Bhaskar, Senior Principal Scientist, Divisional Head, MRED

CSIR-IIP, tbhaskar@iip.res.in

What is industry readiness for the research and development field as an

engineering undergraduate?
Knowledge on the following is essential to be ready for R & D as an engineering graduate

Strong theoretical and academic background including Process & Reaction Engineering &
Thermodynamics

Knowledge on theoretical/stoichiometric & thermodynamically feasible BUT not

demonstrated on ground

For someone pursuing a career in the field of research, how does one achieve
success and satisfaction in their field?
The selection of R & D areas should be aligned with passion/area of interest is KEY for
satisfaction in the field. The outcome of R & D can be chosen to get personal satisfaction,
while contributing to social and environmental challenges.

For students with their first industry-exposure in the field of R&D, what could
be the initial challenges as they shift from learning concepts to actual
application?
Non-availability of the suitable mentor/guide with exciting R & D

If the initial exposure of R & D work is routine and nothing novel or thought provoking,
then the student may have challenges.

Are there any reasons for lack of being industry-ready and not being able to
adapt to the different status-quo?
I don’t find any technical/common ground for not being industry-ready for any student.
It depends on the interest and passion of the individual.

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 Industry Readiness – A Perspective

Industry Readiness

Mentors – Western Irrigation, Rajkot

What is industry readiness?

Industry readiness refers to the preparedness and capability of a company or industry to

meet the demands and challenges of the market effectively. It involves assessing various
factors that can impact the success and competitiveness of a company within its industry.

Industry readiness can encompass several aspects, including:

1. Market Analysis: Understanding the current and future market dynamics, trends, and
customer preferences is essential to gauge the readiness of an industry. This includes
evaluating market size, growth potential, competition, and identifying opportunities for
differentiation.

2. Technological Advancements: Assessing the industry's adoption and integration of new

technologies is crucial for staying competitive. This involves evaluating whether companies
are leveraging advanced manufacturing techniques, automation, digital solutions, or other
innovations to improve efficiency, quality, and product offerings.

3. Supply Chain Management: Evaluating the efficiency and resilience of the supply chain
is important. This includes assessing the availability and sourcing of raw materials,
logistics, inventory management, and distribution capabilities.

4. Regulatory Compliance: Ensuring compliance with relevant regulations and industry

standards is vital. Companies need to be prepared to meet regulatory requirements and
maintain necessary certifications or quality control measures.

5. Talent and Workforce: Assessing the availability of skilled labor, expertise, and human
resources within the industry is crucial. This involves evaluating if the industry has access
to a skilled workforce or if there is a need for training and development programs.

6. Financial Stability: Evaluating the financial health and stability of companies within the
industry is important. This includes assessing profitability, liquidity, investment capacity,
and overall financial viability.

7. Innovation and Adaptability: Industry readiness also encompasses the ability to

innovate and adapt to changing market conditions. This involves assessing a company's
capacity to develop new products, improve existing offerings, and respond to evolving
customer needs and preferences.

By evaluating these aspects, industry readiness provides insights into the overall
preparedness of companies within an industry to effectively compete, adapt, and thrive in
the market.

What are the key attributes for success in the industry?

The key attributes for success in any industry can vary, but here are some common
attributes that are often associated with achieving success:

1. Quality: Delivering high-quality products or services that meet or exceed customer

expectations is crucial for success. Consistently maintaining quality builds trust, customer
loyalty, and a positive reputation.

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 Industry Readiness – A Perspective

2. Innovation: Embracing innovation and staying ahead of the curve can give a competitive
edge. Companies that continually seek new solutions, products, or technologies often find
success by meeting emerging market needs and differentiating themselves from
competitors.

3. Customer Focus: Placing the customer at the center of business decisions is essential.
Understanding customer needs, providing excellent customer service, and fostering long-
term relationships contribute to success.

4. Operational Efficiency: Efficient processes and operations lead to cost savings, increased
productivity, and improved customer satisfaction. Streamlining workflows, optimizing
resource allocation, and adopting lean practices can enhance operational efficiency.

5. Adaptability and Flexibility: The ability to adapt to changing market dynamics and
embrace flexibility is important. Successful companies are agile, open to change, and able
to adjust their strategies or offerings based on market demands and trends.

6. Strong Leadership: Effective leadership is crucial for success. Visionary leaders who
inspire and motivate their teams, make strategic decisions, and foster a positive work
culture contribute to overall success.

7. Talent Management: Attracting and retaining top talent is vital. Having skilled and
motivated employees who align with the company's vision and values contributes to
innovation, productivity, and customer satisfaction.

8. Financial Management: Sound financial management is critical for success. Maintaining

a healthy financial position, managing cash flow, and making wise investment decisions
are important aspects of long-term success.

9. Market Understanding: In-depth knowledge of the industry, market trends, customer

behavior, and competition is essential. Conducting market research, monitoring industry
developments, and making data-driven decisions contribute to success.

10. Strong Relationships and Partnerships: Building and nurturing strong relationships
with suppliers, distributors, strategic partners, and other stakeholders can provide
valuable support, access to resources, and growth opportunities.

While these attributes are generally applicable, it's important to note that specific
industries may have additional or industry-specific attributes for success. Adapting and
tailoring these attributes to the specific industry context is crucial for achieving sustainable
success.

Mention the checklist (rank-wise if possible) of parameters in

evaluating industry readiness.

Ranking the parameters for evaluating industry readiness can vary based on specific
industry contexts and priorities. However, here is a checklist of parameters that can be
considered when evaluating industry readiness:

1. Market Analysis:

- Market size and growth potential

- Competitive landscape and market share

- Customer demographics and preferences

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 Industry Readiness – A Perspective

2. Technological Advancements:

- Adoption of advanced manufacturing techniques

- Automation and digitization capabilities

- Integration of emerging technologies

3. Supply Chain Management:

- Availability and sourcing of raw materials

- Logistics and distribution capabilities

- Supply chain efficiency and resilience

4. Regulatory Compliance:

- Compliance with industry standards and regulations

- Certification and quality control measures

- Risk management and legal compliance

5. Talent and Workforce:

- Availability of skilled labour and expertise

- Training and development programs

- Workforce diversity and retention strategies

6. Financial Stability:

- Profitability and financial performance

- Cash flow management

- Investment capacity and access to capital

7. Innovation and Adaptability:

- Research and development capabilities

- Product or service innovation

- Ability to adapt to market changes

8. Quality Assurance:

- Quality control processes and procedures

- Product or service reliability and consistency

- Customer feedback and satisfaction

9. Marketing and Branding:

- Brand reputation and recognition

- Marketing strategies and effectiveness

- Customer acquisition and retention

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 Industry Readiness – A Perspective

10. Industry Collaboration:

- Partnerships and alliances within the industry

- Collaborative research and development initiatives

- Industry association involvement and participation

Remember, the importance and ranking of these parameters can vary depending on the
specific industry, market conditions, and organizational goals. It's crucial to assess and
prioritize the parameters based on the industry's unique characteristics and the company's
strategic objectives.

What are the challenges in being industry ready?

Becoming industry-ready can present various challenges that companies need to

overcome. Here are some common challenges:

1. Technological Advancements: Keeping up with rapidly evolving technologies and

integrating them into existing operations can be challenging. Adopting new technologies
may require significant investments, training, and overcoming resistance to change.

2. Market Volatility: Industries often face market fluctuations, changing customer

demands, and unpredictable economic conditions. Adapting to these changes and
maintaining a competitive edge can be challenging, requiring agility and strategic
planning.

3. Regulatory Compliance: Meeting industry-specific regulations and compliance standards

can pose challenges. Staying updated with evolving regulations, ensuring adherence to
quality control measures, and managing regulatory risks can be complex and time-
consuming.

4. Supply Chain Complexity: Managing a complex and globalized supply chain can be
challenging. Ensuring timely availability of raw materials, optimizing logistics, and
managing supplier relationships require effective supply chain management practices.

5. Talent Acquisition and Retention: Attracting and retaining skilled talent is a common
challenge. Industries often face a shortage of specialized skills, and competition for top
talent can be fierce. Developing effective talent management strategies and fostering a
positive work culture is crucial.

6. Financial Constraints: Securing adequate funding for expansion, technological

advancements, or R&D initiatives can be challenging. Limited financial resources may
hinder a company's ability to invest in necessary infrastructure, research, or marketing.

7. Competitive Pressures: Industries are typically competitive, with numerous players

vying for market share. Overcoming competition, differentiating products or services, and
continuously innovating to stay ahead require strategic planning and a deep understanding
of customer needs.

8. Industry Disruption: Industries may face disruptive technologies, business models, or

market entrants. Adapting to disruptive changes and identifying opportunities amidst
disruptions can be challenging, requiring a proactive approach to innovation and market
analysis.

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 Industry Readiness – A Perspective

9. Scalability and Growth: Scaling operations and managing growth can present
challenges. Rapidly expanding production capacities, scaling distribution networks, and
maintaining quality standards while growing can strain resources and require effective
planning.

10. Sustainability and Environmental Impact: Meeting sustainability goals and reducing
the environmental impact can be challenging for industries. Adapting operations to
minimize waste, energy consumption, and carbon footprint while balancing economic
viability can pose significant challenges.

These challenges highlight the importance of strategic planning, adaptability, innovation,

and efficient resource management in achieving industry readiness. Overcoming these
challenges requires a proactive approach, collaboration with industry stakeholders, and
continuous monitoring of market trends and customer needs.

Mention the single most reason behind the lack of industry readiness.

Identifying a single most reason behind the lack of industry readiness is challenging since
it can vary depending on the industry and specific circumstances. However, a common
factor that can contribute to the lack of industry readiness is a resistance to change or
complacency.

When companies resist change or become complacent, they may fail to adapt to evolving
market conditions, technological advancements, or customer preferences. This can lead
to a lack of innovation, outdated processes, or inefficient operations. It may also result in
a failure to invest in necessary upgrades, employee training, or market research.

Resistance to change can stem from various factors, such as a fear of disruption,
reluctance to invest in new technologies, or a lack of awareness regarding emerging
trends. Complacency, on the other hand, often arises when companies become overly
satisfied with their current position or success, neglecting the need for continuous
improvement.

Overcoming resistance to change and avoiding complacency requires a proactive mindset,

a willingness to embrace innovation, and a culture of continuous learning and
improvement. Companies that prioritize adaptability, stay abreast of industry trends,
invest in research and development, and foster a culture of innovation are better
positioned to achieve industry readiness.

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 Industry Readiness – A Perspective

Industry Readiness –

Sud-Chemie Unit, Vadodara

1) What is industry readiness?

Industry readiness refers to the level of preparedness and suitability of individuals or

organizations to meet the requirements and demands of the industrial sector. It
encompasses the knowledge, skills, experience, and resources necessary for effective
functioning and contribution within the industry. Being industry ready in the chemical
sector means having the capabilities and attributes needed to excel in areas such as
chemical engineering, research and development, manufacturing, quality control,
regulatory compliance, and environmental sustainability. The chemical industry is a vital
sector that plays a critical role in various aspects of our lives, including pharmaceuticals,
plastics, agriculture, energy, and consumer goods. To be industry ready in the chemical
sector, individuals and organizations need to possess a combination of technical expertise,
scientific knowledge, safety awareness, environmental consciousness, and regulatory
compliance. They must be well-versed in chemical processes, possess strong problem-
solving skills, be adaptable to new technologies, and prioritize safety and sustainability.

2) What are the key attributes for success in the industry?

Key Attributes for Success in the Chemical Industry:

Success in the chemical industry requires a combination of technical competence, scientific

understanding, and soft skills. Here are the key attributes for success in the chemical
industry:

Technical and Scientific Knowledge:

In-depth understanding of chemical processes: A strong foundation in chemical

engineering principles, reaction kinetics, thermodynamics, and process optimization is
crucial. Knowledge of chemical unit operations, such as distillation, crystallization, and
filtration, is also important.

Proficiency in laboratory techniques and analytical methods:

Familiarity with laboratory equipment, analytical techniques, and instrumental analysis is

essential. This includes techniques such as gas chromatography, mass spectrometry,
spectroscopy, and titration.

Regulatory and safety compliance:

Understanding and adhering to regulatory requirements and safety protocols is critical.

This includes knowledge of safety data sheets, hazard communication, proper handling
and storage of chemicals, and waste management practices.

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 Industry Readiness – A Perspective

Perspectives on Industry Readiness in a Specific Sector

INFLIBNET

Introduction:

In this write-up, we will explore the concept of industry readiness and share the
perspective of INFLIBNET (Information and Library Network) regarding industry readiness
in a particular sector. Industry readiness refers to the level of preparedness of
organizations, professionals, and infrastructure to adapt, compete, and succeed in a
specific industry. It encompasses various factors that contribute to the effective
functioning and growth of businesses within that sector.

1) What is industry readiness?

Industry readiness can be defined as the ability of businesses, professionals, and

supporting infrastructure to meet the demands and challenges of a particular industry
effectively. It involves having the necessary knowledge, skills, resources, and
infrastructure to adapt to changing market dynamics, technology advancements, and
customer expectations.

2) Key Factors for Success in the Industry:

a) Profound Industry Knowledge: Possessing a comprehensive understanding of the

industry,

including its trends, best practices, and emerging technologies, is pivotal for achieving
success.

b) Adaptability: The ability to swiftly adapt to changing market conditions, evolving

customer

preferences, and technological advancements is essential for maintaining a competitive

edge.

c) Skilled Workforce: A skilled and competent workforce equipped with the necessary
technical, managerial, and interpersonal skills play a vital role in attaining industry
readiness.

d) Innovation and Creativity: Embracing innovation and fostering a culture of creativity

enable the development of novel products, services, and business models that cater to the
evolving demands of the market.

e) Collaborative Approach: Establishing robust partnerships, alliances, and collaborations

within the industry promotes knowledge sharing, resource pooling, and collective problem-
solving.

3) Checklist of Parameters for Evaluating Industry Readiness:

It is important to evaluate industry readiness based on various parameters. While the

relative importance of these parameters may vary depending on the specific sector, the
following checklist can serve as a general guide for evaluation:

Rank-wise Evaluation:

1. Technological Infrastructure and Connectivity

2. Regulatory Compliance
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 Industry Readiness – A Perspective

3. Market Analysis and Research Capabilities

4. Skilled Workforce Availability and Development

5. Investment and Funding Opportunities

6. Collaboration and Networking Platforms

7. Access to Relevant Information and Knowledge Resources

8. Innovation and Research and Development (R&D) Initiatives

9. Industry-Academia Linkages

10. Adoption of Best Practices and Standards

11. Supply Chain and Logistics Efficiency

12. Supportive Government Policies and Incentives

13. Intellectual Property Rights Protection

14. Environmental Sustainability Practices

15. Crisis Management and Risk Mitigation Strategies

4) Challenges in Achieving Industry Readiness:

a) Rapid Technological Advancements: Organizations face the challenge of keeping up with

the fast-paced changes in technology, necessitating substantial investments and
continuous upskilling efforts.

b) Talent Gap: Highly specialized sectors struggle with the scarcity of skilled professionals

possessing the necessary knowledge and competencies.

c) Regulatory Compliance: Heavily regulated industries find it complex to adhere to ever-

evolving

regulations, standards, and legal frameworks.

d) Market Volatility: Maintaining stability and growth becomes challenging due to

fluctuating

market conditions, unpredictable customer preferences, and global economic factors.

e) Resource Constraints: Limited access to capital, infrastructure, research facilities, and

information acts as a hindrance to industry readiness efforts.

5) Reasons for Lack of Industry Readiness:

The primary reason for the lack of industry readiness often stems from resistance to
change. Industries and organizations that are reluctant to embrace emerging trends,
innovation, and necessary resource investments tend to lag behind. Additionally, a lack of
awareness regarding industry shifts, insufficient investment in research and development,
and complacency can contribute to the lack of industry readiness.

32
 ”

Practice School Division

BITS Pilani