Gen AI boosting productivity of Indian IT industry's fastest-growing niche, TCS exec says
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 05 2024
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Source: Reuters
Generative AI Impact on TCS: Tata Consultancy Services (TCS) is leveraging generative AI to enhance product development cycles for engineering clients by up to 20%, with expectations for further improvements in efficiency and productivity.
Growth in Engineering Sector: The engineering, research, and design sector in India is projected to grow significantly, estimated to reach nearly $170 billion by 2030, as major IT firms are increasingly acquiring smaller companies to strengthen their capabilities in this fast-growing niche.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
