AI's Unstoppable Ascent in Modern Industries

Published Date : 07/06/2025 

Artificial Intelligence (AI) has become an indispensable tool in today's industrial landscape, enhancing performance and contributing to environmental protection. Industry leaders at the Sambad CEO Conclave discuss the positive long-term impacts of AI on human society. 

Bhubaneswar: Artificial Intelligence (AI) has become indispensable in today’s era. Industries can hardly survive without adopting this technology, opined speakers at the fourth edition of the Sambad CEO Conclave held here yesterday.

Participating at the event on a topic titled 'AI In the Boardroom: CEOs on Replacing Jobs vs. Augmenting Human Potential', the industry leaders highlighted that AI is playing a pivotal role in enhancing the performance of both companies and employees. It is also contributing to environmental protection by helping reduce carbon dioxide emissions. Importantly, no technology, including AI, necessarily leads to job cuts. While temporary instability may occur, the long-term impact is generally beneficial for human society. The same holds true for the development and integration of AI.

Gracing the session, Suresha G, Executive Director (Odisha Operations), Arcelor Mittal Nippon Steel India, said that there are several advantages of Artificial Intelligence and other emerging technologies. People have begun using AI extensively after realizing its potential benefits. He emphasized that a time will come when programming will be driven by human passion, making technology more intuitive and emotionally intelligent.

No technology inherently cuts jobs; rather, it creates new opportunities. Although there may be temporary instability, society ultimately benefits in the long run. Artificial Intelligence, in particular, can be used as a powerful tool to enhance human productivity and unlock new potential across various sectors, said Sarvesh Kumar, Chief Corporate Communications, Tata Steel.

AI can be effectively applied in industries such as mutual funds, enhancing efficiency and decision-making. However, the application of human intelligence, critical thinking, and passion remains essential. Therefore, a hybrid model that combines the strengths of both AI and human expertise will be the key to future success, said Nitin Goel, Deputy Zonal Head-Kolkata, Nippon India Mutual Fund.

The Sambad CEO Conclave is a prominent platform for industry leaders to discuss and deliberate on the latest trends and challenges in the business world. This year's conclave focused on the transformative impact of AI and other emerging technologies, emphasizing the need for a balanced approach that leverages the strengths of both human and machine intelligence. 

Frequently Asked Questions (FAQS): 

Q: What is the main focus of the Sambad CEO Conclave?

A: The Sambad CEO Conclave focuses on discussing and deliberating on the latest trends and challenges in the business world, with a particular emphasis on the transformative impact of emerging technologies like Artificial Intelligence.

Q: How is AI contributing to environmental protection?

A: AI is contributing to environmental protection by helping reduce carbon dioxide emissions and enhancing the efficiency of industries, which can lead to more sustainable practices.

Q: What do industry leaders say about the impact of AI on jobs?

A: Industry leaders opine that while AI may cause temporary instability, it ultimately creates new opportunities and benefits society in the long run, rather than leading to job cuts.

Q: What is the role of human passion in the future of AI?

A: According to Suresha G, a time will come when programming will be driven by human passion, making technology more intuitive and emotionally intelligent, thereby enhancing the capabilities of AI.

Q: Why is a hybrid model important in the application of AI?

A: A hybrid model that combines the strengths of both AI and human expertise is crucial for future success, as it ensures that the application of human intelligence, critical thinking, and passion remains essential alongside the efficiency and decision-making capabilities of AI. 

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