Latest News | Govt Asks Steel Makers to Enhance Use of AI in Plants
Get latest articles and stories on Latest News at LatestLY. The government on Friday asked steelmakers to enhance the application of artificial intelligence (AI) at their respective plants, as its usage can improve the value chain and energy management, according to an official statement.
New Delhi, Dec 15 (PTI) The government on Friday asked steelmakers to enhance the application of artificial intelligence (AI) at their respective plants, as its usage can improve the value chain and energy management, according to an official statement.
As the world looks at data-driven decision-making, the Indian steel industry needs to be at the forefront in implementing artificial intelligence technology in their operations, Union Steel Minister Jyotiraditya Scindia said, addressing a Chintan Shivir event here.
The minister urged the stakeholders in the steel sector to enhance the application of artificial intelligence (AI) in their respective steel plants, the steel ministry said in a statement.
"We in the steel sector need to understand that it is our responsibility to safeguard Mother Earth by embracing the concept of green steel and the latest technologies," Scindia said.
Minister of State (MoS) for Steel Faggan Singh Kulaste said the usage of AI and automation can strengthen the value chain system of the players, besides improving the energy management in the steel sector.
On the EU's CBAM mechanism, Steel Secretary Nagendra Nath Sinha said, "As the concept of CBAM is fast evolving and emerging, it is important to understand its impact across the value chain of operations for the sector, which will be severely impacted".
The AI concepts need to be applied in exploring, identifying, and developing new mines by applying the vast available data from the Geological Survey of India (GSI).
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)