Tag: IT Services
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Global IT Spending to Reach $5.1 Trillion by 2024, with Surprising Impact of Generative AI Unveiled
Global IT spending is expected to reach $5.1 trillion by 2024, with generative AI impact unfolding by 2025. Find out how this technology is gradually becoming a significant factor in company budgets.
Investment in AI Tools by Cognizant After Cutting 3500 Jobs
Cognizant, a leading IT services and consulting company, is investing in AI-enabled technologies and reducing its workforce by 3500 people. CEO Ravi Kumar has implemented a new technology - "generative AI" - designed to double employees' productivity. The company is also creating an "AI accelerator" to explore the possibilities of AI and build prototypes rapidly. With a workforce of over 300,000 spread across 50 countries, Cognizant is making its presence felt worldwide.
Kellton Strengthens Its Digital Practice with New Appointments in Digital Engineering, IoT Platforms, Products and Strategic Alliances
Kellton Tec, a leading global digital transformation company with 1800+ employees, announced the addition of 3 new executives to their senior management team. Gaurav Malik, Rajat Kumar and Ajay Achutan bring their valuable experience in customer-business roles, digital & IoT technology and enterprise architecture to the company's strategy, P&L and product development. With a strong portfolio and expertise, Kellton will continue to help their clients achieve business goals with their innovative tech services.
Wipro: ChatGPT – Disruptive Impacts Ahead
Indian IT services provider Wipro might see disruption due to generative AI & tools such as OpenAI's ChatGPT and MSFT Bing's ChatGPT-powered search engine. These could lower the need for IT consultants & outsourcing, & pushing down smaller firms' relative valuations, such as Wipro. To survive, Wipro needs to reskill and equip staff for AI, which CEO Thierry Delaporte is tasked to lead. Investors must watch the relative valuation benefit to Infosys and risks of macro slowdown.
TCS Launches Generative AI Tools for Enterprise Solutions
Explore the latest technology breakthroughs by Tata Consultancy Services (TCS) and N Ganapathy Subramaniam. With MasterCraft, they use automation to rewrite existing code and craft new solutions. There are also generative AI tools that create complex algorithms to help tackle difficulties faced by businesses. Lastly, they train developers in interactive and engaging ways to stay competitive.