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wipro: Facing an unprecedented slowdown, IT companies are undergoing a shift. Here’s what’s changing

, By The Economic Times
wipro: Facing an unprecedented slowdown, IT companies are undergoing a shift. Here’s what’s changing
Tech

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Synopsis

IT companies like TCS, HCLTech, Wipro and Tech Mahindra are reorganising their businesses to wade through disruptions and prepare for Gen AI. TCS, under new leadership, merged AI and cloud operations into a unified AI.Cloud unit, responding to growing demand in cloud migration and transformation services.

India’s homegrown IT service providers have rejigged their business structures and senior leadership over the past year to navigate technology and market disruptions, as the over $250 billion Indian software services export industry faces an unprecedented slowdown in demand.Companies are looking to build new capabilities with separate units focused on generative artificial intelligence (Gen AI) alongside evolving customer demands in a weak

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wipro: Facing an unprecedented slowdown, IT companies are undergoing a shift. Here’s what’s changing

, By The Economic Times
wipro: Facing an unprecedented slowdown, IT companies are undergoing a shift. Here’s what’s changing
Tech


Synopsis

IT companies like TCS, HCLTech, Wipro and Tech Mahindra are reorganising their businesses to wade through disruptions and prepare for Gen AI. TCS, under new leadership, merged AI and cloud operations into a unified AI.Cloud unit, responding to growing demand in cloud migration and transformation services.

India’s homegrown IT service providers have rejigged their business structures and senior leadership over the past year to navigate technology and market disruptions, as the over $250 billion Indian software services export industry faces an unprecedented slowdown in demand.Companies are looking to build new capabilities with separate units focused on generative artificial intelligence (Gen AI) alongside evolving customer demands in a weak

BY

ETtech

  • FONT SIZE

    AbcSmall

    AbcMedium

    AbcLarge

  • SAVE
  • PRINT
  • COMMENT

Uh-oh! This is an exclusive story available for selected readers only.

Worry not. You’re just a step away.

Why ?

  • Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors

  • Stock analysis. Market Research. Industry Trends on 4000+ Stocks

  • Clean experience with
    Minimal Ads

  • Comment & Engage with ET Prime community

  • Exclusive invites to Virtual Events with Industry Leaders

  • A trusted team of Journalists & Analysts who can best filter signal from noise

  • ​Get 1 Year Complimentary Subscription of TOI+ worth Rs.799/-​



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
SEC drops Ether probe but still seeks billions in penalties from Ripple: Hodler’s Digest, June 16-22
Next News
Zerodha’s Downtime Blues
The Economic Times
The Economic Times

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