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.
This story is from the January 04, 2025 edition of Financial Express Mumbai.
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This story is from the January 04, 2025 edition of Financial Express Mumbai.
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