AI is no longer just a buzzword but a revolution that is changing our personal and professional lives. Top companies, including the tech giant TCS, are heavily investing in AI training to help their employees stay relevant in this changing era.
In fact, TCS is planning to invest quite heavily in artificial intelligence (AI) and generative AI, with a project pipeline exceeding $1.5 billion. This is just one of the aspects of the TCS plans. Let’s explore the actions TCS took to stay relevant in the AI era.
TCS’s Strategic AI Initiatives
TCS is an IT giant. It is well-known for its policies and strategies. As the AI emerged, TCS took steps to adopt it.
It started a dedicated AI Cloud business unit in July 2023, marking a shift in strategy. It uses the “5 A’s” framework (assess, analyze, align, act, and audit) to build and deploy AI solutions responsibly. Following this announcement, TCS share price witnessed a significant boost.
Based on these, here are the notable initiatives adopted by TCS:
1. Talent Development and Upskilling
TCS has upskilled over 300,000 employees in AI. The company develops AI-based interview coaches that assess body language and tone, alongside the content of responses, providing corrective feedback. This multifaceted approach ensures TCS’s workforce is well-prepared for the AI-driven future.
2. AI Innovation and Solutions
TCS has established “AI Experience Zones” in India, where engineers can experiment with AI and GenAI solutions. These zones offer immersive environments with AWS, Google, and Microsoft technologies. TCS has over 270 AI and generative AI engagements, integrating AI into various functions.
3. Cybersecurity Enhancement with AI
TCS emphasizes leveraging AI to enhance cybersecurity. The company is focused on helping organizations implement GenAI-powered threat detection and response systems. This ensures businesses stay ahead of evolving cyber threats, leveraging AI for robust defense and prioritizing cloud security.
4. Strategic Partnerships and Collaborations
TCS and NVIDIA have joined forces to accelerate AI adoption across sectors. TCS is a sponsor of the NVIDIA GTC AI Conference. TCS has partnered with AWS to launch the TCS 5A Framework for Responsible AI. TCS is also one of the members of Microsoft’s AI Council.
5. Focus on AI in Key Sectors
TCS is focusing on AI to grow in the BFSI and CBG sectors. The company uses AI to transform retail decision-making with TCS Optumera, its AI-powered platform. This platform provides real-time insights to optimize inventory and personalize customer experiences, driving revenue growth.
6. Hiring Fresh Talent with AI Skills
TCS plans to hire 40,000 freshers with AI skills, expecting AI skills at all levels. TCS expects employees to work with LLM APIs and TCS GenAI tools. This ensures a continuous influx of innovative ideas and expertise to drive AI advancements.
7. AI Studio
TCS AI Studio enables the democratization of data to help in data-driven business decisions. This is a no-code AI Studio that allows the development of machine learning models and publishes approved ML models as APIs. It integrates easily with business processes and boosts data-driven innovation.
8. AI WisdomNext
TCS AI WisdomNext platform integrates multiple GenAI services into a unified interface. It enables rapid adoption of technologies and ensures regulatory compliance. The platform facilitates real-time experimentation with foundational models, aiding businesses in selecting and implementing AI solutions.
Conclusion
AI is impacting every sector. In fact, the stock market today is also impacted greatly by AI. Hence, businesses and investors need to understand and adopt it correctly. With proper planning like TCS, you can improve your AI use and generate good outcomes.
So, if you are an investor looking to invest in tech companies, understand their AI policies well. This is the future and is surely going to impact stock markets greatly. Be wise, invest better!
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