Generative AI Boosts India’s Tech Growth: How TCS is Leading the Charge
Discover how generative AI is transforming India’s technology landscape, with TCS leading the charge in engineering services. Learn about the role of AI in boosting productivity, innovation, and global leadership.
Generative AI is driving innovation across India’s technology industry, with TCS leading the transformation in engineering services. The adoption of AI by tech giants like TCS, Infosys, and Wipro is reshaping workflows, accelerating product development, and positioning India as a global leader in AI-driven growth. Engineering services are becoming a critical growth pillar for the country’s tech sector, which is expected to reach new heights in the coming years.
Generative AI: Transforming India’s Technology Landscape
Generative AI is making a profound impact on India’s technology sector, and Tata Consultancy Services (TCS) is at the forefront of this transformation. According to Sreenivasa Chakravarti, Corporate Vice President of IoT and Digital Engineering at TCS, the company has successfully reduced product development cycles for its engineering clients by up to 20%, a testament to the role of AI in streamlining processes.
TCS Leading the AI Revolution in Engineering Services
TCS is harnessing the power of generative AI to automate tasks like code generation, testing, and quality assurance—often described as the “low-hanging fruits” of digital innovation, as per Chakravarti. Clients are increasingly reallocating their budgets and shifting product priorities in response to the growing influence of AI, signaling a shift in the industry. This technology is reshaping engineering services and fueling rapid advancements across multiple sectors.
Unleashing Business Potential with Generative AI
Executives like Dr. Harrick Vin and Sankaranarayanan “Shanky” Viswanathan at TCS have emphasized the far-reaching potential of generative AI in driving business growth. By automating repetitive tasks, businesses are becoming more agile and innovative. The real breakthrough lies in how generative AI accelerates innovation, boosts productivity, and fosters a knowledge-first enterprise. This digitization of tacit knowledge presents new opportunities for competitive advantage, reshaping workflows and enhancing human-AI collaboration.
Engineering Services: A Growth Engine for India’s Tech Industry
Engineering, research, and design services represent a significant portion of India’s booming technology industry, contributing about one-sixth of the US$254 billion market. These services support sectors like automotive and sustainability, including oil and gas. The industry is expected to grow by up to 7.5% in FY 2024, with the potential to reach US$170 billion by 2030, according to the National Association of Software and Service Companies (NASSCOM). As the demand for advanced engineering services rises, India is positioned to play a pivotal role in shaping the global tech landscape.
Strategic Investments in AI Innovation
Other IT giants like Infosys and Wipro are also making significant strides in AI innovation. Recent acquisitions, such as Cognizant’s US$1.3 billion deal for Bouchard Akras Bulgan and Infosys’ US$480 million acquisition of the German digital engineering firm in-tech, highlight the industry’s commitment to staying at the forefront of AI-driven growth. These strategic investments in engineering and design services reflect the sector’s immense potential, particularly in light of the macroeconomic challenges facing India’s core software services.
Generative AI is poised to revolutionize the engineering services landscape, placing India at the forefront of global AI innovation. Continuous investment from tech leaders such as TCS, Infosys, and Wipro in AI-driven tools and strategic acquisitions is set to propel the Indian tech industry to unprecedented growth and global leadership.
(Disclaimer: This article is intended for informational purposes only. The information provided is based on industry trends and expert opinions, and no guarantees are made regarding future market performance. Always consult a professional for specific advice related to your business or investments.)
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