Page 10 - Avik Das

TPG-backed Altimetrik buys SLK Software to expand services, boost revenue

The deal will help Altimetrik leverage SLK's deep customer relationships, global operational footprint and complementary leadership talent to further deliver innovation-led value creation for customer

Changing skill demands: Era of big bench strength at IT firms may be over

Companies such as Infosys, Wipro, Cognizant, and Tech Mahindra have maintained their IT utilisation rates at around 85 per cent over the past couple of years

Growth to continue despite macro tensions: Infosys Chairman Nandan Nilekani

Nilekani admitted that artificial intelligence (AI), with all its possibilities and potential, creates an arc of uncertainty but he did not view it as a threat

Data analytics firm Tredence bets on GenAI to fuel growth over next 5 yrs

Backed by Advent International and Chicago Pacific Founders, Tredence raised about $205 million in two founding rounds till 2022

Cos aim to boost revenue with AI, not just reduce cost: Automation Anywhere

With agentic AI and automation, enterprises are now targeting topline growth over just cost savings, says Automation Anywhere, as adoption spreads beyond GCCs

We want to be a people-first organisation: Goldman Sachs CIO Marco Argenti

Engineers need to think about the problem first and not the solution, says Argenti

Clients should see growth through AI in the next few years: Rafee Tarafdar

Tarafdar spoke about Agentic Foundry, which develops AI agents for enterprises

IT union AIITEU slams TCS' 225-day billability and 35-day bench policy

The union calls TCS' new billability mandate and bench limit an anti-worker move that shifts responsibility from management to employees amid rising utilisation rates

AI experts divided over Apple's research on large reasoning model accuracy

A token budget for large language models (LLM) refers to the practice of setting a limit on the number of tokens an LLM can use for a specific task

Staff costs hurt India's global capability centres as maturity curve lags

Experts warn current trajectory could make several centres unsustainable

Clients not scaling back on pure GenAI projects, says Infosys CTO

Companies flagged slowdown during Q4 earnings

AI data strategy crucial for faster return on investments: IBM exec

IBM India's AI head says most Gen AI projects fail due to weak data foundations and suggests a phased approach to unlock RoI within 18-24 months

Apple may have a different AI strategy than others, say analysts

Muted WWDC does not imply Apple is behind in the AI race, analysts say, as company focuses on design integration and reliability rather than flashy AI launches

Digi Yatra to expand to 15 more airports in India, says Siddharth Sharma

The Digi Yatra facial recognition-based paperless travel system will be enabled at 15 more airports this year, with smaller airports next in line for integration

The four key startups leading the race to build India's first LLM

With the government's support, work begins on foundational models for AI services

An account of AI disruption in finance as technology reshapes work

OVER 50% of Indian accountants worry they are unable to develop skills due to frequently changing technology, according to a survey

Genpact acquires AI solutions provider XponentL Data to boost capabilities

Genpact buys XponentL Data, gaining domain-led data strategy, AI engineering skills and partnerships with AWS, Microsoft and Databricks to accelerate AI transformation

Cognizant wins two mega deals, eyes return to IT top four by 2027

IT firm doubles down on AI-led productivity and large transformation contracts

Wipro pays out 90% quarterly variable pay to most of its employees

That is significantly higher than cross town rival Infosys whose variable pay for the same period was about 65 per cent due to a muted business environment

Snowflake to set up R&D centre in India, expand operations in Pune

Cloud data firm Snowflake plans to open an R&D centre in India alongside its Pune CoE as part of its larger push to grow local talent and enterprise technology capability