AI Will Strengthen India's IT Industry: Anand Mahindra
Anand Mahindra says AI will transform India's IT services industry, creating new opportunities for enterprise innovation.
New Delhi, July 18 (IANS) Tech Mahindra Chairman Anand Mahindra has dismissed concerns that artificial intelligence (AI) will undermine India's IT services industry, asserting that the sector's role will evolve and become even more significant as enterprises increasingly adopt AI at scale.
Addressing shareholders at the company's annual general meeting (AGM), Mahindra said every major technological shift has sparked fears about job losses and disruption, but AI should instead be viewed as a catalyst for the next phase of growth for the industry.
"At the very outset, let me tackle the elephant in the room -- which is the prediction that the rise of Artificial Intelligence will kill IT services in India. Every major technology cycle creates such anxieties," he said.