Daimler India Commercial Vehicles pilots project to use AI for demand forecasting
Daimler India Commercial Vehicles (DICV) on Tuesday said that it has launched a pilot called Project Vruddhi which is using Artificial Intelligence (AI) for demand forecasting. Managing Director and CEO, Satyakam Arya underscored the disruptive and transformative role that AI is expected to play on operations going forward while addressing the media at the company's facility in Oragadam, which is on the outskirts of Chennai.
«The commercial vehicle industry is a very complex business,» he explained. «We have BSIII to BSVI parts and different generations of vehicles that we have rolled out in 10 years. Forecasting demand for parts for those vehicles is absolutely essential. AI is helping to do that.»
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Offering CollegeCourseWebsiteIIM KozhikodeIIMK Advanced Data Science For ManagersVisitIndian School of BusinessISB Product ManagementVisitIIM LucknowIIML Executive Programme in FinTech, Banking & Applied Risk ManagementVisitArya said Project Vruddhi is helping the truck and bus maker be a lot more precise with demand forecasting. However, he said the use cases also included things like improving customer interface, translation services and writing content. While the opportunity was large, he said that the bigger dimension would be how companies can upskill and reskill their workforce.
«The risks are that some of the jobs will be gone but new jobs will also be created,» he said. «Every company or every business needs a lot more data scientists but you don't find
