AI bias, demand uncertainty hit pricing power of India’s IT

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Return of uncertainty in the demand environment and increasing adoption of artificial intelligence by clients are squeezing the pricing power of India’s $280 billion information technology sector, where many deal renewals and new signings are happening at a discount to existing rates, according to industry watchers.

Clients maintaining moderation in their IT budgets while focusing on cost efficiency is impacting the pricing of deals, said analysts. With competition too intensifying, major IT service providers are also renegotiating contracts,…



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AI bias, demand uncertainty hit pricing power of India’s IT


Return of uncertainty in the demand environment and increasing adoption of artificial intelligence by clients are squeezing the pricing power of India’s $280 billion information technology sector, where many deal renewals and new signings are happening at a discount to existing rates, according to industry watchers.

Clients maintaining moderation in their IT budgets while focusing on cost efficiency is impacting the pricing of deals, said analysts. With competition too intensifying, major IT service providers are also renegotiating contracts,…



Source link

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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