Hexaware Technologies CEO says AI could cut IT project costs by 25%

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Hexaware Technologies CEO R. Srikrishna has stated that AI can boost productivity by roughly 40%, but clients will only capture about 25-30% of those gains in lower pricing. Over 50% of the company’s revenue now comes from AI-infused services, with approximately 5% classified as fully AI-native. Hexaware has identified new AI-related market opportunities exceeding 300 billion dollars and plans to launch one new AI service per month. The company expects traditional IT services to experience 20-25% gross pricing deflation over the next four years.

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Telemac
Telemachttp://cryptoinfo.ch
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