Mphasis chief sees discretionary tech spends accelerating

, By The Economic Times
Mphasis chief sees discretionary tech spends accelerating
IT

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Discretionary spending on technology will accelerate in 2026, though budgets will be relentlessly reprioritised, said Nitin Rakesh, chief executive of mid-tier IT services firm Mphasis, as enterprises move over macroeconomic concerns and comprehend ways to incorporate artificial intelligence (AI) in their business.

“When ChatGPT came around in 2022, everyone was amazed at what it could do… it could code, write and summarise. But enterprise adoption takes time. With that in context, investment in technology is only going to increase,” Rakesh told ET…



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Mphasis chief sees discretionary tech spends accelerating

, Published By The Economic Times
Mphasis chief sees discretionary tech spends accelerating
IT



Discretionary spending on technology will accelerate in 2026, though budgets will be relentlessly reprioritised, said Nitin Rakesh, chief executive of mid-tier IT services firm Mphasis, as enterprises move over macroeconomic concerns and comprehend ways to incorporate artificial intelligence (AI) in their business.

“When ChatGPT came around in 2022, everyone was amazed at what it could do… it could code, write and summarise. But enterprise adoption takes time. With that in context, investment in technology is only going to increase,” Rakesh told ET…



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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Previous News
Vietnam’s digital tech sector hits $198b revenue
Next News
A robot vacuum that understands clutter and can find your pet
The Economic Times

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