Gen AI single most transformative force of 2024: TCS' N Chandrasekaran

Tata Sons and TCS Chairman N Chandrasekaran has identified generative AI as the most transformative force of 2024. Speaking at a recent industry event, he emphasized the profound impact Gen AI is expected to have across various sectors, reshaping business models and driving innovation. Chandrasekaran highlighted how this technology is not merely a tool but a catalyst for change, promising to redefine efficiency and creativity in unprecedented ways. Chandrasekaran pointed out that industries ranging from healthcare to finance are already witnessing significant shifts due to Gen AI. In healthcare, for instance, AI-driven diagnostics and personalized medicine are becoming increasingly prevalent, enhancing patient outcomes. In the financial sector, Gen AI is streamlining operations and improving decision-making processes. These advancements, he noted, are just the beginning of a broader transformation set to accelerate in the coming year. The chairman further stressed the importance of adapting to this new technological landscape. He urged companies to invest in AI capabilities and foster a culture of innovation to stay competitive. As Gen AI continues to evolve, Chandrasekaran believes it will unlock new opportunities and challenges, making it essential for businesses to remain agile and forward-thinking. His remarks underscore a pivotal moment in the digital era, where embracing AI could determine future success.

— Authored by Next24 Live