Business Today

Indian IT Bets On AI

As Indian IT services companies move beyond run of the mill businesses and towards digital transformation, artificial intelligence is taking centre stage.

I can understand how the limited perspective of an un artificial mind would perceive it that way. You'll get used to it": Samantha taunts Theodore Twombly when he calls her just a computer voice.

These are lines from the critically acclaimed 2013 movie Her based on artificial intelligence (AI). Today, a 'Her' is closer to reality than ever. Chat bots, voice based AI solutions and cognitive robotic process automation (RPA) are now the order of the day. Big services players like Infosys, Wipro, TCS, Cognizant and HCL Tech, which embarked on the AI and automation journey less than five years ago, see upwards of 30 per cent of their total revenues coming from these digital segments.

A look at the revenues of the top three IT companies tells the emerging story. Market leader TCS saw more than 50 per cent year on year revenue

You’re reading a preview, subscribe to read more.

More from Business Today

Business Today1 min read
Plane Pain
▶ The top three players have rebounded after Covid-19 by growing sales quickly ▶ SpiceJet failed to reach the pre-Covid level of sales even in FY23 *2022-23 IS AKASA’S FIRST FULL YEAR OF OPERATIONS SOURCE DGCA ▶ Leading airlines have been experiencin
Business Today3 min read
Road Warrior
IN THE HEART of Khalid Wani, who is the Senior Director of Sales for the India region at the American storage drive maker, Western Digital, beats the rhythm of a fervent traveller. He’s a man who believes passionately that the most precious memories
Business Today11 min read
The Dark Side Of Gold Loans
THE RBI ASKED the company to immediately stop its gold loan operations, which accounts for a third of its business. The reason: the regulator found some major lapses in how the company handled the loans. When the regulator looked into the company’s f

Related Books & Audiobooks