Generative AI: GenAI may generate 20-40% productivity gains, no risk to tech spends: Axis Capital report

January 20, 2025

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Artificial Intelligence

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Generative AI (GenAI) could generate savings of 20-40% in the software development lifecycle, and savings from efficiency gains will likely be ploughed back into the business to chase more tech innovation, according to 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…

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Generative AI: GenAI may generate 20-40% productivity gains, no risk to tech spends: Axis Capital report

January 20, 2025

, By admin

Artificial Intelligence

Generative AI (GenAI) could generate savings of 20-40% in the software development lifecycle, and savings from efficiency gains will likely be ploughed back into the business to chase more tech innovation, according to 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…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

Nazara raises Rs 495 crore from existing investors CaratLane founder Mithun Sacheti led entity; stake increase to trigger open offer

Next News

Zomato Q3 Profit Slumps 57% YoY To INR 59 Cr

Hi! This is Admin.

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