AI boom changing IT deal pricing model: LTIMindtree top executive

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Software services providers are seeing a change in the pricing model of their deals due to higher artificial intelligence (AI) adoption, and companies are seeking multiple price points to maintain profitability, said a top executive at LTIMindtree. “Most of this vendor consolidation is going to be assisted with AI adoption. It’s not just about economies of scale that they leveraged, which used to happen before… you add more volume, get more discount,” said Venugopal Lambu, chief executive designate for India’s six-biggest outsourcing company.



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AI boom changing IT deal pricing model: LTIMindtree top executive


Software services providers are seeing a change in the pricing model of their deals due to higher artificial intelligence (AI) adoption, and companies are seeking multiple price points to maintain profitability, said a top executive at LTIMindtree. “Most of this vendor consolidation is going to be assisted with AI adoption. It’s not just about economies of scale that they leveraged, which used to happen before… you add more volume, get more discount,” said Venugopal Lambu, chief executive designate for India’s six-biggest outsourcing company.



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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