Tata Steel Reaps Big Gains With Big Data
10/02/2023 - Through the use of big data and artificial intelligence, Tata Steel estimates that it has driven US$1.4 billion in EBITDA savings and is looking for more, reports The Hindu BusinessLine newspaper.
According to the publication, those savings have come from careful deployment of the technology on projects that focused on yield, energy, throughput, quality and productivity. And today, the company is seeing significant returns on the investment.
“Every dollar I spend, I get $10 back,” said Tata Steel chief innovation officer Jayanta Banerjee.
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