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Top related persons:
Andriy Onufriyenko - 1 Sreekanth Menon - 1 Menon - 1 Paul Pallath - 1 Pallath - 1 Vivek Prakash - 1 Phil Fersht - 1 headcount - 1
Top related locs:
Bangalore Indian U.S Bengaluru
Top related orgs:
HFS Research - 1 Infosys - 1 Electronics City IT - 1 REUTERS - 1 Rights - 1 Tata Consultancy Services - 1 HCL - 1 Analysts - 1

Search resuls for: "HFS Research"


2 mentions found


☆ Corporations looking at gen AI as a productivity tool are making a mistake
  + stars: | 2024-05-31 | by ( Bob Violino | ) www.cnbc.com   time to read: +5 min
Part of the slow spending approach is coming from the fact that senior executives are looking at gen AI the wrong way, said Sreekanth Menon, global leader, AI and machine learning at Genpact. The research showed that about half of the executives are framing gen AI solely as a productivity tool. "The infancy of gen AI, combined with a warped conception of its potential, has led to reluctant budgetary spending." The research from Genpact and HFS showed that business leaders are dedicating up to 10% of their IT budgets to gen AI projects. "To successfully move AI from a pilot stage to production, organizations need to pause and ensure their gen AI plan is aligned with specific business objectives, not just productivity," he said.
Persons: Andriy Onufriyenko, Sreekanth Menon, Menon, Paul Pallath, Pallath Organizations: HFS Research
☆ Waning demand for IT services hits hiring at Indian tech majors
  + stars: | 2023-10-13 | by ( Sethuraman N R | ) www.reuters.com   time to read: +2 min
Tata Consultancy Services (TCS.NS), Infosys (INFY.NS) and HCLTech (HCLT.NS) have seen employee headcount reducing in the second quarter as they reported weak results. Infosys added over 83,000 employees in the last two fiscal years, while TCS' employee headcount surged by over 120,000 and HCL added about 57,000. In contrast, Infosys' net employee headcount has fallen by 14,470 in the first half of this year and HCLTech's by about 4,800. "In a way we hired ahead of demand predicted ... with that slowing down this year, our employee utilization fell. Infosys is targeting 84%-85% in employee utilization from the current 81.8%, Roy said.
Persons: Vivek Prakash, Phil Fersht, headcount, Nilanjan Roy, Roy, Nivedita Organizations: Infosys, Electronics City IT, REUTERS, Rights, Tata Consultancy Services, HCL, Analysts, TCS, Sethuraman, Navamya, Thomson Locations: Bangalore, Indian, U.S, Bengaluru
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