| | | | | | Indian IT is trying really, really hard to make generative AI work, but for all we know, the so-called ‘generative AI solutions’ they claim to provide might just be flashy PowerPoint presentations, and upskilling talent is not going anywhere really. Your friendly AI Human, Amit Raja Naik, has been patient, but it looks like they only have a couple of years left before everything blows. | | | | | | | | | | | | Indian IT giants such as TCS, Infosys, Wipro, HCLTech, and others, which are still testing the waters with generative AI, could be on the brink of an emergency since spending on their services would seem redundant. This is because just about anyone would be able to build front-end, web, and other applications with the help of AI tools, with a minimal amount of coding. High-end coding jobs that require building architecture and maintenance would remain intact, but when it comes to web development and designing of UI/UX, a single engineer with the help of AI would be able to do it in the future within hours. Such examples are already in plenty since Cursor and Claude tools emerged. | | | | | | | The clock’s ticking for Indian IT | | | | | With the job market already seeing a decline, these are probably one of the most difficult years for tech jobs in a very long time. The same is true for Indian IT.
Although most IT giants have reported growth, the numbers are only single-digit. When it comes to revenue, TCS YoY growth was 3.5%, while Infosys and HCL Tech had 1.3% and 7%, respectively. Wipro and Tech Mahindra had it worse with negative growth.
The situation is concerning. In addition, many Indian freshers are giving up on applying for Indian IT jobs thanks to meagre pay for demanding jobs. Meanwhile, Infosys has finally started rolling out offer letters to freshers they promised jobs in 2022. It would be interesting to see if anyone actually waited for 2.5 years to accept the offer.
Around 2015, when there was a ‘Python boom’, almost everyone who learnt the coding language, was able to secure a job. Now, barely knowing the language is not a selling point, employers and enterprises need more than that. As Allie K Miller said earlier, “We’d rather hire one software engineer who knows how to use AI than five who don’t, even if it’s the same cost.”
This approach is definitely going to affect Indian IT more than everyone else. On the bright side, an increase in M&A activity can help it acquire better talent and be the driving force for keeping them afloat. Moreover, since in the end most generative AI startups are going to get acquired, it can be a good strategy for IT giants to bet on them and pivot into becoming more of product and less of services companies. As for generative AI, it is going to go on with or without them.
“IT changes so rapidly that you have to learn till the end of your career,” said a user on Reddit. With the advent of every new technology, be it Python, cloud, or AI, long-running Indian IT employees have to keep upgrading themselves to fit the bill. | | | | | | | | | Indian IT is not attractive for freshers and skilled techies anymore. The reluctance of recent graduates to pursue careers in Indian IT can be attributed to the prolonged stagnation of entry-level salaries, which have remained at INR 3.5-4 LPA for over a decade. Now with generative AI in the picture, we might witness hundreds of layoffs within the next 1-2 years because the services of Indian IT won’t be required by enterprises. Earlier, companies used to come to Indian IT for cost-cutting and off-shoring a lot of work. Soon, paying IT giants for the work that can be done internally with AI tools like Cursor, would seem like a waste of resources. Mrinal Rai, assistant director and principal analyst at ISG, told AIM that it is important for IT giants to buckle up and move fast. Speaking of Claude and Cursor, Rai said, “Many of these [GenAI] solutions fail to impress clients. Indian IT service providers have long-standing relationships with enterprises and have experience in the specific nuances of large or medium-sized business requirements.” He added that clients are still satisfied with the services provided by IT giants, but the satisfaction is not what is expected, and cost is the main inhibitor. “These providers are upskilling their workforce particularly in code development leveraging many of these AI tools by taking care of the required security and compliance guardrails. It is not about catching up but leveraging these solutions to make their own workforce more efficient and productive to deliver better solutions to their clients by taking care of their security, compliance and privacy concerns,” explained Rai. For enterprises, privacy, security, and compliance are the biggest issues when it comes to the adoption of generative AI tools. While it may seem like Indian IT might provide a viable solution to them, the change is still not visible. Soon, enterprises would end up building AI tools themselves, in order to cut costs. Playing the devil’s advocate, we’d say, generative AI tools with a decreased workforce might help Indian IT stay afloat for a few years. But for how long? Enjoy the full story here. | | | | | Why Tesla Should Build GTA 6 Instead of Level 5 Autonomy | | | | | | | Now would be a great time for Musk to start a hyper-realistic gaming company. “Tesla can do something similar with real-world video,” said Elon Musk in the backdrop of Google DeepMind’s release of GameNGen, the world’s first game engine driven entirely by neural models capable of simulating complex video games like DOOM in real-time without traditional coding. Read the full story here. | | | | | | | Karthik Narain is the new CTO of Accenture, following the retirement of Paul Daugherty, a 38-year veteran whose visionary leadership shaped Accenture's technology direction. Groq recently launched LLaVA v1.5 7B, a multimodal visual model combining language and vision capabilities, boasting over 4x faster response times than GPT-4o. The OLMoE (Open Mixture-of-Experts Language Models) developed by researchers from the Allen Institute for AI, Contextual AI, and the University of Washington has achieved SOTA performance with fewer computational resources by activating only 1.3 billion of its 7 billion parameters per input, outperforming models like Llama2-13B and others. | | | | | | | | | Join the NVIDIA AI Summit India from October 23–25, 2024, at the Jio World Convention Centre in Mumbai to explore AI innovations across generative AI, robotics, supercomputing, and more, with 70% of use cases addressing India's grand challenges. Don't miss the Fireside Chat with NVIDIA CEO Jensen Huang on October 24. | | | | | | | | | Cypher 2024 marks a significant expansion as it celebrates its 8th edition by branching out to the USA in addition to its already established presence in India. Browse through the links below to learn more about the different editions of Cypher 2024. These links will guide you to comprehensive event information, including agendas, speakers, registration details, and more. | | | | | Enjoying Sector 6 (formerly AIM Daily XO)? Share it with colleagues or friends – they can sign up here. We love hearing from our readers! Have thoughts on our new format? Questions, comments, or ideas are always welcome. If there’s a specific topic in AI or analytics that you're curious about, tell us! Reach out to us at info@analyticsindiamag.com. Stay tuned for more insights in our next edition!
Curated with ♥️ in Namma Bengaluru | | | | | | | | |
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