Tata Steel announced a major investment in advanced generative Artificial Intelligence (AI) platforms, creating over 550 AI models to improve output, productivity, and quality. The company is leveraging AI to drive significant technological advancements across its operations.
In the past five to six years, Tata Steel has developed these AI models to optimize yield, energy consumption, throughput, product quality, and sustainability while enhancing safety and stakeholder experience. The integration of AI with industry technologies is positioning Tata Steel at the forefront of innovation in the steel sector.
Tata Steel has invested in cutting-edge AI platforms that combine traditional AI with the creative potential of generative AI. This blend is being used to automate insights, improve conversational interfaces, and tackle complex challenges in a more efficient manner. The company focuses on the practical applications of AI, using it to enhance decision-making, operational excellence, and agility.
Jayanta Banerjee, Tata Steel’s Chief Information Officer, emphasized that the company’s AI initiatives are always aligned with specific business objectives and measurable outcomes. He stressed that technology should serve business needs, with every investment tied to clear key performance indicators (KPIs).
The company’s focus on data management is crucial for unlocking the full potential of its AI systems, allowing them to create tangible value. Tata Steel views AI as a strategic enabler within a value-driven framework, ensuring its long-term business goals are supported.
AI is also playing a key role in enhancing safety on the shop floor, with real-time systems detecting potential hazards such as missing PPE or unsafe practices. These AI tools analyze safety data to predict and prevent incidents, helping to create a safer work environment.
On the operational side, AI-powered digital tools are optimizing supply chain logistics, energy management, and remote operations. These advancements drive better decision-making, responsiveness, and overall efficiency.
Additionally, Tata Steel is deploying Enterprise Gen AI to allow employees to quickly access organizational data and insights. This platform, supported by millions of Gen AI tokens, improves knowledge sharing and decision-making. For example, a new AI-based maintenance troubleshooting assistant provides real-time insights to shop floor managers, helping to reduce downtime and improve operational efficiency.
Tata Steel is one of the world’s leading steel producers, boasting an annual crude steel capacity of 35 million tonnes. With a global presence spanning five continents, the company has cemented its position as a major player in the steel industry.
In the fiscal year ending March 31, 2024, Tata Steel reported an impressive consolidated turnover of US$27.7 billion. The company employs over 78,000 people worldwide and has earned the prestigious Great Place to Work® certification, underscoring its commitment to fostering a positive work environment.
A pioneer in sustainability, Tata Steel has set an ambitious target of achieving Net Zero by 2045. The company is also at the forefront of digital transformation in the steel sector, with its Jamshedpur, Kalinganagar, and IJmuiden plants recognized as “Lighthouse” facilities by the World Economic Forum for their adoption of advanced technologies. Additionally, Tata Steel has received accolades for its efforts in promoting diversity, equity, and inclusion, further solidifying its reputation as an industry leader in responsible business practices.
Tata Steel’s excellence is reflected in numerous awards and recognitions. It was named a 2024 Steel Sustainability Champion by worldsteel and received the 2023 Climate Change Leadership Award from CDP. Its Jamshedpur plant made history as India’s first to achieve ResponsibleSteel™ Certification, with over 90% of the company’s steel production now originating from certified sites. Beyond sustainability, Tata Steel has been applauded for its achievements in business responsibility, financial transparency, and corporate ethics, showcasing its unwavering commitment to excellence across all aspects of its operations.
