There has been a lot of concern in recent months about AI hurting big Indian IT companies like Infosys and TCS. Investors have worried that AI could reduce demand for traditional software services, and that has led to ups and downs in IT stocks.
But Infosys Chairman Nandan Nilekani sees things differently.
At the company’s Annual General Meeting, he said AI will not replace companies like Infosys. Instead, it will help them grow if they adapt quickly.
“AI will not replace companies like ours. It will amplify those who move with purpose and adapt with speed,” he said.
Focus on helping clients use AI
Infosys doesn’t mainly build AI models. Instead, it helps big global companies use and connect AI tools within their existing systems.
Nilekani said the real value comes from combining AI systems with older business software that companies already run.
The real challenge: using AI in real businesses
Many large companies still struggle to properly use AI in their day-to-day systems. This gap between having AI tools and actually using them is where Infosys sees opportunity.
Nilekani said closing this “AI deployment gap” is a key part of their work going forward.
Big growth expectations
He also said Infosys is well placed for the future and expects strong growth from AI-based services. The company is targeting a huge global market worth $300–400 billion by 2030.
Infosys already works with most of its top clients on AI-related projects.
AI is already bringing revenue
CEO Salil Parekh added that AI is already becoming a major business area for Infosys. He said the company is seeing about $1 billion in annual AI services revenue, and it is growing quickly.
Bottom line
Infosys believes AI will not replace IT companies. Instead, it will change their role, with more focus on helping businesses adopt and use AI effectively.
