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  3. Robotics: The Hands of the Future, Here Today

Robotics: The Hands of the Future, Here Today

Dr. Keshab Panda
Dr. Keshab Panda

Non-Executive Director

Published on 08 Jun 2017

min read

1539

Views

Robotics: The Hands of the Future, Here Today

There is something about robots that leaves a mark. Ask your fellow engineer about “Robots or Robotics” and you will see the glint in their eyes. From Metropolis to Star Wars, the idea of creating mechanized droids fascinates us. Issac Asimov romanticized the notion when he postulated the three laws of robotics in his bestseller I, Robot -“...you just can't differentiate between a robot and the very best of humans.” The truth, clearly, has lagged fiction significantly. While robots have become an integral part of our lives – with close to 1 million industrial robots active globally - the full potential is yet to be realized. The times are changing and with the recent advances in artificial intelligence, material science, video analytics, intelligent motion systems and additive manufacturing.

The Dawn of AI

Artificial Intelligence is enabling robots to be spatially aware, understand and respond to complex commands and environments. Recently, NASA launched a million-dollar contest to create Valkyrie, an AI enabled robot to accompany astronauts on their Mars mission. Bio-inspired material which mimics organic tissue, is being used in the construction industry due to its flexible and light nature yet high performance strength. In fact, researchers at the University of Warsaw unveiled a micro-robot that mimics the movement of caterpillars in natural scale. Meanwhile, collaborative robots (cobots), are already gaining traction. Collaborative robotics is enabling organizations to drive speed, repeatability and efficiency in operations resulting in improved productivity and reduced costs.

Robots as the Future of Industry

The demand for industrial, home and service robots has called for the leading technology companies globally to invest heavily in robotics. The Boston Consulting Group estimates that the overall Robotics market will reach $67 billion by 2025, at a compound annual growth rate (CAGR) of close to 11%. L&T Technology Services is working at the forefront of robotics and our investments have are already showing traction. We were awarded a grant by the Global Innovation and Technology Alliance (GITA) Department of Science and Technology (DST), Government of India to sanction the joint industrial research and development of robotic endotrainer under the India- Republic of Korea joint applied and R&D programme, wherein PSG Tech, Coimbatore, KAIST, Seoul are academic partners focused on medical Robot aided for surgery. To build thought leadership in this space we have collaborated with Purdue Robotics Accelerator, Purdue University, IN, USA, a globally recognized authority in the field of robotics. The insights were instrumental in helping us set up a robotics lab at our Bangalore campus, aimed at optimising industrial processes and solutions. We were also an active participant in the international conference on Advancements in Automation, Robotics and Sensing (ICAARS 2016). I believe that the interdisciplinary nature of Robotics is a great opportunity for L&T Technologies Services and our clients. Our in-depth domain experience and multi-vertical expertise across the engineering value chain will hold the key to building the factories of the future.

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Dr. Keshab Panda
Dr. Keshab Panda

Non-Executive Director

Dr. Panda is a Non-Executive Director on the Board of L&T Technology Services Limited (LTTS). He was previously the Chief Executive Officer and Managing Director of LTTS. Dr. Panda has over 31 years of global industry experience in research, conceptualizing, creating, operationalizing and turning around complex technology and engineering services businesses.

During his stint as the CEO of LTTS, Dr. Panda has won numerous accolades, including being recognized as CEO of the Year by leading news channel CNBC Awaaz as a result of his distinguished contributions to the engineering and technology sectors over the past 3 decades. He was conferred with the title of CEO of the Year by ET NOW as well as the Business Leader of the Year Awards Committee.

Dr. Panda joined the L&T Group as Chief Executive of L&T IES in 2009. After L&T IES was rechristened as L&T Technology Services in 2012, Dr. Panda was appointed as the Chief Executive; Dr. Panda was later appointed as the Chief Executive Officer and Managing Director of L&T Technology Services on January 21, 2016. Dr. Panda led L&T Technology Services through a high-profile Initial Public Offering (IPO) in India and successfully listed the company on the National Stock Exchange and the Bombay Stock Exchange.

He transformed L&T Technology Services into a company focused on innovation and new technology, leading the CII to recognise L&T Technology Services as one of the most innovative Indian companies in the Services category.

Dr. Panda obtained graduate degree in Aeronautical Engineering from Anna University, Chennai, and a post graduate degree in Aerospace Engineering from Indian Institute of Science, Bangalore. He obtained his Doctor of Philosophy from the Indian Institute of Technology, Bombay in Aero Servo Elasticity – (Control system fly by wire aircraft). He also holds an advanced management degree from the Aresty Institute of Executive Education, The Wharton School, University of Pennsylvania. Dr. Panda received distinguished alumnus award from Indian Institute of Science in 2000 and Indian Institute of Technology in 2022.

Dr. Panda started his career as a Research Scientist in Indian Space Research Organization and worked at the Aeronautical Development Agency, Ministry of Defence, Government of India, as a scientist/engineer for over 8 years.

Dr. Panda is based out of New Jersey, USA. His other previous leadership roles include President – Americas, Mahindra Satyam & Head of Europe Operations, Satyam Computer Services Limited.

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