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23/05/2024 12:42 pm

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Home » Business » CII Chandigarh Explores AI’s Impact on Business

CII Chandigarh Explores AI’s Impact on Business


 Mr Anurag Gupta elected as Chairman & Mr Taranjeet Bhamra as Vice-Chairman of CII Chandigarh UT

Chandigarh: CII Chandigarh hosted an interactive session on the theme ‘Embracing the Digital Frontier’ as a part of the Chandigarh Annual Session 2023-24 today. The session focused on emerging technologies revolutionising the business sector and thriving in the AI economy.


During the session, Mr Anurag Gupta, Chief Executive Officer, Usha Yarns Ltd was announced as the Chairman and Mr Taranjeet Bhamra, Chief Executive Officer, Agnext Technologies Private Limited was elected as the new Vice-Chairman for CII Chandigarh UT for the year 2024-25.


Sharing his insight on AI and digitalisation, Mr Deepak Jain, Chairman, CII Northern Region & Chairman, Lumax – DK Jain Group said, “It’s noteworthy that AI and digitalization are making factories smarter, connective and less labour intensive. There is a lot more automation and digitalization in the sector but there is a lot of data which we don’t know how to harness. For that, we need a dedicated team to harness it and we need to upskill ourselves to take the benefits of it.”


Echoing this thought, Dr PJ Singh, Immediate Past Chairman, CII Punjab & Managing Director, Tynor Orthotics Pvt Ltd, added, “AI and new-age technologies are like panacea for the industry. We can do a lot of work in less time with great efficiency as it reduces human assistance. With the help of AI and technology, we can rectify the problem in no time and yield good productivity.”


On being asked about Smart manufacturing and Industry 5.0, Dr Indrajit Bhattacharya, CII Punjab & Managing Director General National Institute Robotics and Artificial Intelligence (NIRA) said, “Smart manufacturing is computerization, networking, visibility, transparency, predictability, and adaptability, which comes along with amalgamation of news age technologies. As we are shifting to Industry 5.0, it talks about HMI (Human Machine Interface) – most of the big companies are moving to Cobots where humans and Robots can work together.”


Dr Jagjit S Suri focused on the challenges in the Healthcare industry and shared, “Doctors and health care professionals are not aware of the usage of AI. Once we will be able to build a generalised model, we will be more accurate and clinically validated to identify the disease.”

dawn punjab
Author: dawn punjab

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