AI is not just a buzzword anymore it’s a transformative force reshaping industries, redefining value chains, optimizing workflows, and disrupting global market shares across sectors. A recent survey conducted by a prominent consultancy firm, involving over 200 senior executives from various sectors in India, revealed that 82% anticipate a substantial or noticeable impact from AI in their respective fields. While challenges remain, pioneering entrepreneurs at the helm of family-owned business groups are already carving their path to AI-powered success.
Tata Steel, a global leader in the steel industry, is on track to surpass its target of saving a staggering $2 billion through AI and data-driven innovations. They have been utilizing AI in a wide variety of areas like procurement, calculating the optimal chemical mixture ratios, defect detection, forecasting and planning, human resources management, predictive maintenance, and financial analysis.
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Denne historien er fra February 2024-utgaven av Entrepreneur magazine.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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THE BOOKWORM
SASHANK RISHYASRINGA, CO-FOUNDER AND MANAGING DIRECTOR, AXIO (FORMERLY CAPITAL FLOAT)
'The Sword We Refuse to Die On'
Some people tell Chip and Joanna Gaines to play it safe, and to keep doing what made them famous in the first place. But they're ready to take more risks—because that's the entrepreneurial way.
How to Tell Your Brand's Story
Your company does many things, but you must communicate it all in just a few words.
Mister Percussionist
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e-Cars Drive Into Tier II, III Cities
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COUPLE PRENEURS
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REDEFINING WELLNESS
Nestled in the serene embrace of Peacock Valley, Pune, Swastik - A Luxury Wellbeing Sanctuary stands as a haven that intertwines ancient wisdom with modern science.
