Indian IT Industry: Surviving and Thriving Amidst AI Hype
For two years, the narrative suggested that generative AI would decimate the Indian IT industry. This perception led to underperformance, with a 30% decline against broader markets. However, the reality is far more nuanced:
- Industry Resilience: Indian IT is pivoting, cutting costs and restructuring, while charting the AI landscape as an opportunity rather than a threat.
- Slow Adoption: Despite the excitement, only 15% of organizations are effectively deploying AI, revealing a gap between hype and reality.
- Strategic Investments: Companies like Infosys and TCS are investing in “plumbing” elements like data integration and cloud migration, anticipating a delayed deployment phase for enterprise-wide AI.
Indian IT’s combined experience and strategic focus position it well for growth, proving that the middleman remains essential in a tech-driven world.
💡 Let’s redefine the narrative! Share your thoughts on the future of Indian IT and AI in the comments below.
