Tata companies showcase over 3,300 implemented innovations at innovation programme

MUMBAI: Tata companies showcased over 3,300 implemented innovations in its annual ' Innovista' programme, representing a growth of 110% in two years, Tata Sons said in a statement.

A significant number of these innovations incorporate digital technologies, particularly in the areas of industrial automation, customer experience enhancement and advanced engineering simulations, Tata Sons said.

Innovista is Tata Group's annual programme where innovations by companies are showcased and awarded.

“Our industries are in the midst of tectonic shifts driven by the democratization of digital, automation of decisions, and a focus on the environment," said Gopichand Katragadda, Group Chief Technology Officer, Tata Sons. "The Tata group has continued to lead in intellectual property generation from artificial intelligence to microbiomics and from driver assist technologies to new 2D materials."

Katragadda said Tata Group investment in innovations stood at $2.8 billion for the year ended March 2016 versus $2.7 billion a year earlier. The CTO office expects $1 billion revenue annually from the top 10 winning teams of the Innovista.

The Group is focussed on innovation in the energy sector, factory floor and fleet, digital and food & wellness.