Latest news with #AIDelhi

Business Standard

Centre pushes CPSEs towards tech adoption, AI focus to boost efficiency

The senior official further explained that the change in traditional approach means CPSEs need to develop more core systems through the new emerging technologies such as AI Delhi Listen to This Article The Union Finance Ministry has asked the Central Public Sector Enterprises (CPSEs) to channel efforts and investments into advanced technologies, particularly artificial intelligence (AI) to enhance operational efficiency and maintain strategic competitiveness, according to a senior government official. 'CPSEs must be more judicious with their resource use. We need a shift from routine spending to a more focused adoption of cutting-edge technologies,' the official said, adding that such an approach would be key to navigating future economic challenges. The Research & Development (R&D) expenditure of all Central Public Sector Enterprises (CPSEs) stood at ₹10,813 crore in FY 2023-24 against ₹7,233