ArcelorMittal, the world’s second-largest steel manufacturer, has made a significant move in India by launching its digital consulting unit. The company aims to support its various entities in achieving digital transformation and staying competitive in the digital age. Navneet Singh, an industry veteran with extensive experience in automation and digital transformation, has been appointed as the CEO of ArcelorMittal Digital Consulting.
The steel industry, traditionally known for its conventional practices, is increasingly recognizing the need for digitalization to stay relevant and gain a competitive edge. Rahul Kumar, the Group CIO & CISO at ArcelorMittal, acknowledged that the steel industry has some catching up to do in terms of digitalization compared to other sectors. This creates a significant opportunity for ArcelorMittal’s digital consulting unit to drive digital initiatives and facilitate the company’s overall transformation.
ArcelorMittal, with a presence in 60 countries and numerous plants and mines, identified the need for a centralized entity that could guide and support the entire group on its digitalization journey. The establishment of the digital consulting unit serves as a catalyst for the group’s digital transformation efforts, ensuring that all entities within the organization benefit from streamlined processes, enhanced efficiency, and improved customer experiences.
During his visit to India from the company’s headquarters in Luxembourg, Rahul Kumar highlighted the vast scope of ArcelorMittal’s operations and the diverse stages of digitalization across its entities. While some entities in Europe and Brazil have made significant progress in digitalization, others are still in the early stages. The digital consulting unit will play a crucial role in harmonizing and accelerating the digitalization initiatives across the group, bridging the gap between the advanced and developing entities.
ArcelorMittal’s ambitious digital consulting unit aims to leverage its global expertise and industry knowledge to drive digital transformation within the organization. The $80-billion group, led by renowned industrialist Lakshmi Mittal, has expanded its global footprint through strategic acquisitions, resulting in a diverse portfolio of entities at different levels of digital maturity. The establishment of the digital consulting unit will enable the group to tap into the vast potential of digital technologies and facilitate seamless integration of digital solutions across its operations.
Digitalization offers numerous benefits to the steel industry, including improved operational efficiency, optimized supply chain management, enhanced safety protocols, and the ability to leverage data-driven insights for better decision-making. With the support of the digital consulting unit, ArcelorMittal aims to drive innovation, leverage emerging technologies, and foster a culture of digital excellence throughout the organization.
As the steel industry evolves in the digital era, ArcelorMittal’s digital consulting unit will play a pivotal role in guiding the company’s digital strategy, implementation, and ongoing transformation. By capitalizing on the vast opportunities presented by digitalization, ArcelorMittal aims to strengthen its market position, drive sustainable growth, and create long-term value for its stakeholders.
ArcelorMittal, the world’s second-largest steel manufacturer, has embarked on a new phase of digital innovation with the establishment of its digital consulting unit in India. The company aims to leverage the expertise of this unit to drive digital transformation across its diverse entities. Navneet Singh, an industry veteran with extensive experience in automation and digitalization, has been appointed as the CEO of ArcelorMittal Digital Consulting, overseeing the strategic direction and implementation of digital initiatives.
The steel industry, known for its traditional practices, is recognizing the urgency to embrace digitalization in order to stay competitive in a rapidly evolving business landscape. Rahul Kumar, the Group CIO & CISO at ArcelorMittal, acknowledges the need for the steel industry to catch up with other sectors in terms of digitalization. This presents a significant opportunity for ArcelorMittal’s digital consulting unit to guide the organization towards digital maturity. Kumar, during his visit to India, emphasized the importance of a central entity that can drive the digitalization journey across the company’s extensive global operations.
Disclaimer: This article is for informational purposes only and should not be construed as financial or investment advice. Readers are advised to conduct their own research and consult with relevant professionals before making any financial decisions.
