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Hexaware CEO: AI to Cut IT Project Costs 25%

26 Aug

Summary

Over half of Hexaware's current revenue is AI infused.
AI is predicted to reduce routine IT project expenses by up to 25%.
Hexaware anticipates AI-infused revenue to reach 80% in three years.

Hexaware CEO: AI to Cut IT Project Costs 25%

Hexaware Technologies Ltd. is experiencing a significant shift towards AI integration, with over half of its current revenue already stemming from AI-infused operations. The company's chief executive officer anticipates this trend will accelerate, projecting that AI-driven revenue will constitute around 80% of the total within the next three years.

This strategic focus on artificial intelligence is poised to yield considerable cost savings for IT projects. According to the CEO, AI has the potential to reduce the expenses associated with routine IT endeavors by as much as 25%. This advancement underscores the transformative power of AI in reshaping the IT services landscape and Hexaware's commitment to leveraging it for efficiency and growth.

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