The new-age tech will largely be used for reducing costs and increasing productivity by 18 per cent in the near future. IT leaders expect that GenAI will replace 3.8 per cent of headcount in 2024, 6.1 per cent in 2025, and 8.2 per cent in 2026.
Indian chief investment officers (CIOs) are expected to start allocating budgets for Generative artificial intelligence (GenAI) from 2025, according to a forecast put out by management consulting firm Gartner Inc on Tuesday. This would mark the maturing of GenAI projects from an experimental stage to a more committed investment.
The new-age tech will largely be used for reducing costs and increasing productivity by 18 per cent in the near future. IT leaders expect that GenAI will replace 3.8 per cent of headcount in 2024, 6.1 per cent in 2025, and 8.2 per cent in 2026.
“Through 2028, AI specific expertise will demand a price premium of 5 per cent to 15 per cent over non-AI expertise, with the percentage varying across the different services markets,” added the report.
