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Tata Steel bets on digital, IT tools to optimise costs, streamline ops

The steel manufacturer has built in-house data science capability with over 400 employees trained in data analytics, data engineering and Agile

Tata Steel
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Tata Steel has set a target of doubling capacity to 26 million tonnes in the next five years

Jayajit Dash Bhubaneswar
Tata Steel is placing its bets on digital and IT tools to optimise costs, enhance stakeholders’ experience and automate processes as it eyes the top slot in the industry in leveraging digital by 2025.

The company’s digital focus is aimed at enhancing financial alacrity, cyber resilience, smart operations and earnings before interest, taxes, depreciation & amortization (Ebitda). The digital roadmap will be propelled by tools like artificial intelligence (AI), analytics, Virtual & Augmented Reality (VAR), Optical Character Recognition (OCR), Enterprise Data Management (EDM), Robotic Process Automation (RPA), sensorisation and chatbots.

The steel manufacturer has built in-house data science capability with