AI Impact: Big discounts in IT deals hurt, but tech spend set to rise, says Coforge CEO

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Major clients renewing IT contracts at 30-50% lower rates, citing increasing use of artificial intelligence (AI), is deflationary for the outsourcing industry, rel=”dofollow” href=”https://economictimes.indiatimes.com/coforge-ltd/stocks/companyid-858.cms” target=”_blank”>Coforge chief executive Sudhir Singh said. At the same time, however, technology spends on transformational projects are on the rise, he told ET in an interview.

“Every time there is a disruptive technology, tech spend as an aggregate always increases,” Singh said, adding that rel=”dofollow” href=”https://economictimes.indiatimes.com/coforge-ltd/stocks/companyid-858.cms” target=”_blank”>Coforge aims to capitalise on that.

The $283-billion outsourcing industry’s clients globally are seeing a…



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AI Impact: Big discounts in IT deals hurt, but tech spend set to rise, says Coforge CEO



Major clients renewing IT contracts at 30-50% lower rates, citing increasing use of artificial intelligence (AI), is deflationary for the outsourcing industry, rel=”dofollow” href=”https://economictimes.indiatimes.com/coforge-ltd/stocks/companyid-858.cms” target=”_blank”>Coforge chief executive Sudhir Singh said. At the same time, however, technology spends on transformational projects are on the rise, he told ET in an interview.

“Every time there is a disruptive technology, tech spend as an aggregate always increases,” Singh said, adding that rel=”dofollow” href=”https://economictimes.indiatimes.com/coforge-ltd/stocks/companyid-858.cms” target=”_blank”>Coforge aims to capitalise on that.

The $283-billion outsourcing industry’s clients globally are seeing a…



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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