GenAI can transform industries, only if applied responsibly: Rishad Premji

Premji also pointed out that human capital is the most important driver of social economic development and there is a need to continue to invest in world-class infrastructure

The information-technology (IT) industry is on the brink of a disruptive change and an opportunity, said Rishad Premji, chairman, Wipro.

He said the industry had the youngest and largest workforce in the world, a proven business model, and a global reputation.

Now, according to Premji, the industry is at the upturn of a long-term technology investment cycle, driven by advancements in new technologies like artificial intelligence, particularly generative AI, the fifth-generation mobile network (5G), industry cloud platforms, and sustainable technology.

“I believe like in the past cycles with these disruptive technologies, they can transform industries, boost economic growth, improve quality