India's IT sector should overhaul business, create own language models: HCLTech CEO
HCLTech CEO C Vijayakumar.
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The generative AI boom has threatened to disrupt business models for Indian IT companies that largely serve clients in the United States for operations support, providing software as a service.
«The underlying themes are not the same as cloud and digitization and other things… This is very different. The changes that AI is assuring are very different, and we need to be more proactive to even categorize our revenues to create completely new businesses,» Vijayakumar said at an industry event in Mumbai.
Generative AI, which can write code for software among a plethora of tasks, is expected to speed up the timeline to develop products, improving efficiency of a company's workforce.
For an example, a five-year technology transformational program valued at about $1 billion at a very large financial services firm could be done in three-and-a-half years, Vijayakumar said.
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