AI is the biggest opportunity for the IT services industry, Tata Group Chairman Natarajan Chandrasekaran said at the India AI Impact Summit on Thursday, even as the “foundational technology” upends the very business model of an industry led by Tata Consultancy Services Ltd.
“The real value of the IT industry is context and understanding every enterprise,” Chandrasekaran said at the formal opening of the expo at the Bharat Mandapam in New Delhi.
“AI is foundational technology, it will have profound impact like steam engines, electricity and internet,” he went on to say. “Our mission should be to make AI work for every individual…”
Chandrasekaran’s comments came even as Tata Group collaborates with OpenAI to infuse AI throughout its customers’ operations and its own.