" he said in the note. However, a second set of analysts said GenAI will not be deflationary and that cost savings by clients will not result in lesser business for IT service companies.
"In our view, AI technology will serve as a competitive advantage to create new business opportunities and operating models," said Axis Capital analysts Manik Taneja, Sak-sham Savernya, and Rohit Thorat in a note dated 10 December.
"We expect the savings gained through leveraging new technologies to be reinvested towards ever more ambitious pursuits of tech innovation for better business," said the Axis Capital analysts.
This story is from the January 01, 2025 edition of Mint New Delhi.
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This story is from the January 01, 2025 edition of Mint New Delhi.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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