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.

This story is from the April 29, 2024 edition of Business Standard.

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

This story is from the April 29, 2024 edition of Business Standard.

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

MORE STORIES FROM BUSINESS STANDARDView All
Multiple launches to boost Cipla's margin prescription
Business Standard

Multiple launches to boost Cipla's margin prescription

The shares of pharma major Cipla slipped by about 4 per cent on Tuesday, after gaining over 5.6 per cent a day earlier.

time-read
2 mins  |
May 15, 2024
Business Standard

Novelis files papers in US for IPO

Novelis, Hindalco Industries' US subsidiary, has filed a registration statement on Form F1 for its proposed initial public offering (IPO) with US securities regulator Securities and Exchange Commission (SEC), the firm said.

time-read
1 min  |
May 15, 2024
Business Standard

MF investment strategy: Be wary of rich valuations

Mutual fund investors are in the crosshairs due to the widespread offloading of stocks by foreign institutional investors (FIIs), expensive valuations of the Indian markets compared to global peers, and nervousness ahead of the Lok Sabha election results.

time-read
2 mins  |
May 15, 2024
Business Standard

MFS EMBRACE HEALTHCARE, FINANCE STOCKS AS SMALLCAPS BOUNCE BACK

Mutual funds (MFS) embraced smallcap shares across sectors like healthcare, hospitality, and financial services, as the net inflows bounced back in April from the March lows.

time-read
1 min  |
May 15, 2024
Business Standard

JSPL stock factoring in improving prospects

THE COMPASS DEVANGSHU DATTA Jindal Steel & Power's (JSPL's) Q4FY24 results were in line with consensus.

time-read
2 mins  |
May 15, 2024
Ease penal action for glitches, Mils appeal to Sebi
Business Standard

Ease penal action for glitches, Mils appeal to Sebi

Regulator to seek suggestions applicability of financial disincentives

time-read
2 mins  |
May 15, 2024
Business Standard

Markets extend winning run

Vix dips after 13-day rise

time-read
2 mins  |
May 15, 2024
Business Standard

US TARIFF HIKE ON CHINESE PRODUCTS - Experts fear China may dump EV, batteries

India should be cautious of any Chinese move to dump electric vehicles (EV) and its batteries following the United States' (US) move to increase tariffs on these products from Beijing, trade experts said on Tuesday.

time-read
2 mins  |
May 15, 2024
Business Standard

India set to face hotter heatwaves amid preparation gaps: Study

As summer arrives, India braces for the onslaught of heatwaves, despite having substantial heat action plans in place.

time-read
2 mins  |
May 15, 2024
STARS ALIGNED FOR Vi?
Business Standard

STARS ALIGNED FOR Vi?

When Vodafone Idea (Vi) Chief Executive Officer Akshaya Moondra thanked customers last week for being \"an integral part of the company's story\", the telecom world took notice.

time-read
4 mins  |
May 15, 2024