Al Inside: Tech Eases Work For IT Firms
Business Standard|April 29, 2024
It simplifies and automates routine tasks and helps employees to focus on the big picture
SHIVANI SHINDE
Al Inside: Tech Eases Work For IT Firms

When Satya Nadella, the chief executive officer of Microsoft, visited India early this year he spoke about how the country's information technology (IT) companies were driving artificial intelligence (AI) and customising it for their use.

Nadella said Infosys, HCLTech and LTIMindtree were among companies that had been the first movers in adopting Copilot, Microsoft's AIbased conversational chat interface, for customers and themselves.

Considering Indian IT companies are deploying AI and generative AI (GenAI) for hundreds and thousands of global enterprises, how they do it for themselves is of significance.

Mohammed Rafee Tarafdar, chief technology officer (CTO) of Infosys, said his company is leveraging AI to "reimagine work, workplace and workforce", with a focus on using the technology to amplify human potential.

"We have been continuously implementing and rolling out AI within key processes over the last 12 months. For example the generative AI-led learning processes in our learning platform Lex have been rolled out to all our employees and we are seeing active adoption. We have rolled out a knowledge assistant, InfyMe NAVI, for all (company) leaders to help drive productivity in the sales process," said Tarafdar.

Modernisation tool

Infosys is using AI assistants to help productivity in software engineering, modernisation and migration.

Tarafdar said the impact of such assistants is evident. "Using assistants our developers have generated three million lines of meaningful code. With the usage of classical AI and GenAI, we have seen that some processes that used to take weeks can now be done in days."

Like their clients, Tata Consultancy Services (TCS), Wipro, IBM, LTIMindtree and other firms have adopted AI across processes such as human resource (HR) management, automating IT infrastructure, and even sales.

Bu hikaye Business Standard dergisinin April 29, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

Bu hikaye Business Standard dergisinin April 29, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

BUSINESS STANDARD DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
Business Standard

India Inc profit in Q4 grew least in 5 quarters

Listed companies' combined net profits (adjusted for exceptional gains and losses) were up 11.4 per cent yearon-year (Y-o-Y) in the January-March 2024 (Q4FY24), growing at the slowest pace in the last five quarters.

time-read
3 dak  |
June 03, 2024
Business Standard

Rising mercury quenches FMCG thirst

With heatwave persisting in most parts of the country, fastmoving consumer goods (FMCG) companies continue to report a sharp increase in the sales of summer-centric products like ice creams and cold beverages.

time-read
2 dak  |
June 03, 2024
Agnikul fires up reusable rocket dream, orbital launch next target
Business Standard

Agnikul fires up reusable rocket dream, orbital launch next target

After the successful test flight of Agnibaan SORTED, Chennai-based space startup Agnikul Cosmos is lining up an orbital flight in the next 12 months and is also drawing up an ambitious plan to develop India's first reusable launch vehicle carrying payloads.

time-read
2 dak  |
June 03, 2024
Indian travellers in 'hot pursuit' of luxury
Business Standard

Indian travellers in 'hot pursuit' of luxury

More inclined to seek unique experiences, willing to brave the heat, and explore beyond traditional holiday seasons

time-read
3 dak  |
June 03, 2024
Business Standard

HAZE OVER BRIGHT LINE TEST

Why transfer pricing over marketing intangibles has become a contested issue between companies and tax authorities

time-read
4 dak  |
June 03, 2024
Business Standard

Of cricket and monetary policy

The June policy will be one of status quo in every way. There will be no change in rate or stance

time-read
5 dak  |
June 03, 2024
Small credit business gives itself a hand
Business Standard

Small credit business gives itself a hand

As unsecured loan growth ebbs, new ways to serve the segment have emerged, report

time-read
3 dak  |
June 03, 2024
Business Standard

Banking channel for financial inclusion feels left out

Business correspondent firms' revenues are under stress as banks get tough with them to meet targets

time-read
3 dak  |
June 03, 2024
Unclaimed shares in banks caught in legal limbo
Business Standard

Unclaimed shares in banks caught in legal limbo

The Banking Regulation Act, 1949, empowers the Reserve Bank of India (RBI) to regulate banks, but many of its provisions do not apply to those owned by the government.

time-read
2 dak  |
June 03, 2024
Business Standard

Lack of central KYC hinders market participation

I recently spent an idyllic week trekking with friends in the Dordogne region of southwest France.

time-read
2 dak  |
June 03, 2024