Maintaining with the custom, Tata Sons chairman N Chandrasekaran despatched a ‘New 12 months message’ to Tata Group staff. In his year-end letter to staff, Chandrasekaran cautioned staff in regards to the anticipated volatility and disruption in 2024, pushed by information privateness laws and evolving world panorama with 40 nations heading to polls in the course of the 12 months.
Appoint AI champions
“The subsequent decade will belong to corporations who excel in giving prospects wonderful experiences. With our rising footprint in shopper companies, we now have to deliver empathy to each interplay—be that in Air India, Tata Motors or Titan. Model Tata have to be recognisable throughout all corporations. And our group’s goal shouldn’t be merely to undertake, or adapt to, expertise. We have to form it, and make it. This New 12 months, I urge every firm to nominate an AI champion to proactively pursue the advantages of AI—economically, operationally and socially,” he mentioned.
“The world confronted an array of destabilising developments, from escalating geopolitical tensions to the mass adoption of generative AI to the ever-accelerating push towards sustainability. A few of these developments have been welcome; others a lot much less so. However all of them have made the principles and processes governing our world trickier to navigate—and all of them have added to the strain to adapt,” he mentioned.
“I’m thrilled that on this troublesome world context, our Group carried out admirably in 2023. Our transformation—following the ideas of Simplification, Synergy, Scale, Sustainability, Provide Chain and AI—has progressed properly throughout our corporations. There are too many successes to record right here. We additionally celebrated Tata Applied sciences’ historic IPO, and the announcement of latest gigafactories—thrilling strikes that I’m assured will deliver resilient progress for many years to come back,” he added.
India’s future is brilliant
As a part of the group’s dedication to tackling India’s distinctive challenges, it launched the Tata Transformation Prize, an award celebrating path breaking analysis and growth. “The primary entries have already vindicated my religion in India’s distinctive science and analysis group. I’m sure that with the proper assist, transformational breakthroughs will come throughout a number of fields,”’ Chandrasekaran mentioned.
Must introduce proper guidelines for AI
Whereas the near-term world outlook feels shadowed with uncertainty, India’s future is brilliant, he mentioned. “In 2023, we fared higher than most. Our financial system is flourishing, with GDP on monitor to double to USD 7 trillion over the following 5 years. And I’m sure that India is poised to learn from the shifts reworking the world. Generative AI, for instance, is a possible antidote to our entry and inequality issues—supplied we’re cautious and introduce the proper guidelines” he mentioned..
Appoint AI champions
“The subsequent decade will belong to corporations who excel in giving prospects wonderful experiences. With our rising footprint in shopper companies, we now have to deliver empathy to each interplay—be that in Air India, Tata Motors or Titan. Model Tata have to be recognisable throughout all corporations. And our group’s goal shouldn’t be merely to undertake, or adapt to, expertise. We have to form it, and make it. This New 12 months, I urge every firm to nominate an AI champion to proactively pursue the advantages of AI—economically, operationally and socially,” he mentioned.
“The world confronted an array of destabilising developments, from escalating geopolitical tensions to the mass adoption of generative AI to the ever-accelerating push towards sustainability. A few of these developments have been welcome; others a lot much less so. However all of them have made the principles and processes governing our world trickier to navigate—and all of them have added to the strain to adapt,” he mentioned.
“I’m thrilled that on this troublesome world context, our Group carried out admirably in 2023. Our transformation—following the ideas of Simplification, Synergy, Scale, Sustainability, Provide Chain and AI—has progressed properly throughout our corporations. There are too many successes to record right here. We additionally celebrated Tata Applied sciences’ historic IPO, and the announcement of latest gigafactories—thrilling strikes that I’m assured will deliver resilient progress for many years to come back,” he added.
India’s future is brilliant
As a part of the group’s dedication to tackling India’s distinctive challenges, it launched the Tata Transformation Prize, an award celebrating path breaking analysis and growth. “The primary entries have already vindicated my religion in India’s distinctive science and analysis group. I’m sure that with the proper assist, transformational breakthroughs will come throughout a number of fields,”’ Chandrasekaran mentioned.
Must introduce proper guidelines for AI
Whereas the near-term world outlook feels shadowed with uncertainty, India’s future is brilliant, he mentioned. “In 2023, we fared higher than most. Our financial system is flourishing, with GDP on monitor to double to USD 7 trillion over the following 5 years. And I’m sure that India is poised to learn from the shifts reworking the world. Generative AI, for instance, is a possible antidote to our entry and inequality issues—supplied we’re cautious and introduce the proper guidelines” he mentioned..
