ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/generative-ai” target=”_blank”>Generative AI (GenAI) could generate savings of 20-40% in the ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/software-development-lifecycle” target=”_blank”>software development lifecycle, and savings from efficiency gains will likely be ploughed back into the business to chase more ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/tech-innovation” target=”_blank”>tech innovation, according to ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/axis-capital-report” target=”_blank”>Axis Capital report. Given that savings are expected to be infused back into innovative tech for better business, GenAI is unlikely to compress tech spending. “GenAI could generate savings of 20-40% in the software development lifecycle. Axis Capital’s institutional research sees no risk to tech spends with these savings being…
