According to industry analysts, 2024 is set to be the year when generative AI takes center stage in the Indian IT sector. Nearly 50% of the deals this year are expected to be driven by generative AI, contributing around 2% to the industry’s total revenue. Leading the AI charge are top IT giants like Infosys, TCS, Wipro, and HCLTech, who are focusing heavily on AI skill development and talent transformation.
In 2023, we saw the seeds of generative AI adoption with several partnerships and initiatives. However, 2024 marks a shift towards large-scale AI projects and securing more impactful contracts. Indian IT companies aim to move beyond smaller, fragmented deals and are now focusing on consolidating vendors to handle complex AI-driven transformations.
With a growing emphasis on AI training programs and talent upskilling, the Indian IT landscape is primed for a generative AI revolution. This shift not only aims to enhance service delivery but also positions India as a global leader in AI innovation.
Stay tuned for more insights on how Indian IT companies are leveraging generative AI to redefine their service offerings in 2024.