Over 100 GenAI projects in action!

Tata Sons chairman N. Chandrasekaran said on Friday that the diversified group’s companies have more than 100 generative artificial intelligence projects in the works.

Addressing the 29th annual general meeting of the group’s information technology (IT) services arm, TCS, here, Chandrasekaran said that all the projects have benefited the group and that GenAI will have a significant impact on almost every sector in the country in the future.

“At the Tata Group, we are implementing over 100 GenAI projects. All of these projects demonstrate a very tangible impact on the business in terms of customer experience, productivity and efficiency,” he said.

In e-commerce, GenAI helps Tata Group companies generate product catalogs, provide conversational shopping experiences and deliver personalized offers, he said, adding that in manufacturing, GenAI helps by enabling shop floor workers to solve problems.

Tata Group companies also use GenAI to analyze large documents such as tender documents, which shortens sales cycles, added Chandrasekaran.

GenAI will not only improve productivity, but will also have an impact that has never been seen or imagined before, he said. Adding artificial intelligence will enable every employee to work at a higher level of productivity.

The chairman of the Salt to Software group said the world has enormous energy demand, but energy demand estimates do not fully take into account the additional energy that will be required to power GenAI development and related data center infrastructure.

“The key is to reduce the cost of renewable energy while switching to renewable energy sources,” he added.

In addition to artificial intelligence and new energy, supply chain, secure networks and talent are key trends shaping enterprise priorities, he said.

The pandemic, which caused shocks in supply chains, was followed by an economic slowdown, especially in developed markets, he said, adding that the global economy was expected to grow by 3.2% in 2024 and 2025.

“India is doing very well in this environment and is poised to do very well,” he added.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)