In a surprising convergence of technology and traditional industry, Tata Steel, a prominent player in the steel manufacturing sector, has harnessed the power of data and artificial intelligence (AI) to optimize its operations and drive substantial profits.He explains how data and AI have become integral components, comparable in importance to traditional raw materials like iron ore and coke.4 billion in savings, a testament to the effectiveness of their data-driven strategies.This transformative approach exemplifies how industries are evolving in the digital age, where data-driven insights and AI technologies are being harnessed to optimize processes, reduce costs, and enhance profitability in sectors previously perceived as 'physical' in nature, such as steel manufacturing.The company has recognized that, alongside essential raw materials like iron ore and coke, data plays an equally pivotal role in ensuring its profitability and sustainability.
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