Tata Steel Harnesses AI to Enhance Output and Minimise Risk

Tata Steel said on Tuesday that it has invested heavily in AI, creating over 550 models in 5-6 years, with a focus on operational efficiency, safety, and productivity. Their generative AI platforms are shaping the future of steel manufacturing.

AI-Driven Safety and Productivity

As per news reports, Tata Steel has made groundbreaking strides in integrating Artificial Intelligence (AI) into its operations, building over 550 AI models in the past 5-6 years to improve various aspects such as productivity, quality, and safety.

The company has positioned itself at the forefront of technological transformation, investing significantly in generative AI platforms that combine conventional AI with creative capabilities. This has empowered Tata Steel to offer automated insights and tackle complex challenges in the steel industry.

The focus on AI has not been limited to just production but also extends to critical areas like safety and sustainability.

Real-time detection systems have been developed to identify potential hazards, including improper use of personal protective equipment (PPE) and unsafe practices. These systems enable proactive measures, ensuring a safer work environment and reducing risk.

By analysing safety observations, AI can even predict safety incidents and allow for early intervention.

AI-Enhanced Operations and Efficiency

Tata Steel has also integrated digital tools to enhance supply chain management, energy efficiency, and decision-making, all aimed at improving operational productivity.

The company’s Enterprise Gen AI platform is empowering employees by granting them quick access to organisational data and actionable insights. One significant application is a Gen AI-powered maintenance troubleshooting assistant, which helps shop floor managers minimise downtime and maximise operational efficiency.

Overall, Tata Steel’s approach to AI is grounded in a realistic and value-driven framework. By aligning its AI strategies with clear business goals and key performance indicators (KPIs), Tata Steel is redefining the future of the steel industry, making it a model of innovation and sustainability in manufacturing.

Share Price Performance

Tata Steel’s share price is trading at ₹134.91 at 12:05 PM on the NSE, reflecting a 1.12% increase from its previous close of ₹133.42. The share opened at ₹133.15 and reached a high of ₹135.39, with a low of ₹133.08 during the trading session.

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