Despite the growing demand for GenAI-related services, clients are increasingly demanding that efficiency gains be passed on to them, creating a challenging pricing environment.
"People are spending more money on new technologies like GenAI, but we now have to do more for the same amount," said Venkatraman Narayanan, managing director and CFO, Happiest Minds.
Narayanan explained that as GenAI tools, such as copilot, enhance coding efficiency and reduce training time, clients are leveraging these advancements to demand greater value for their investments.
"For example, if 20 people were previously required for a project lasting a year, the expectation now is that the same project can be delivered by 18 people due to efficiencies from generative AI," he said.
Denne historien er fra January 04, 2025-utgaven av Financial Express Bengaluru.
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Denne historien er fra January 04, 2025-utgaven av Financial Express Bengaluru.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Top IITs See a Drop in Campus Placements
● More students likely getting jobs independently
Top IITs see a drop in campus placements
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D-Street catches flu
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D-Street catches flu
HEADWINDS FOR MARKETS at the start of the year include higher US 10-year yields and a stronger dollar, the potential imposition of additional US tariffs on Asia-Pacific economies, and elevated economic policy uncertainty and geopolitical risk, Goldman Sachs strategists said in a note while trimming the MSCI Asia Pacific ex-Japan index's target to 620 from 630, as per a Bloomberg report.
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