Infosys, a major IT firm, will continue its focus on generative Artificial Intelligence (AI) to improve efficiency and growth, according to the company's CEO, Salil Parekh. The firm plans to simplify and standardize these tools, making them more impactful across a broader range of use cases.
Parekh predicts that more individuals will become involved in generative AI as the "spectrum of what is addressable expands," which he believes will further drive growth.
The impact of technology in a potentially slowing economy will depend on the economic environment's development. Parekh stated that Infosys will monitor the environment in Europe and the United States for this purpose.
Generative AI is a subset of machine learning that creates new data rather than simply identifying patterns in existing data. It is a rapidly evolving field that is already being used to improve business efficiency in numerous industries.
Infosys has already made significant investments in AI, with an emphasis on developing AI tools that are both innovative and easy to use.
Parekh's focus on simplifying and standardizing generative AI tools has the potential to broaden the technology's reach and help it gain broader acceptance across various industries. Infosys' investments in AI have enabled the company to create AI-driven solutions that address a wide range of business issues.
Parekh's prediction that more people will be engaged in generative AI as the spectrum of what is addressable expands is consistent with the increasing demand for AI solutions across various industries.
As AI technology evolves, it has the potential to provide even more opportunities for businesses to improve their operations.Infosys' focus on generative AI will continue, according to CEO Salil Parekh.
The company plans to simplify and standardize these tools, making them more impactful and accessible. As AI technology evolves, it has the potential to provide even more opportunities for businesses to improve their operations and drive growth. Infosys' investments in AI have positioned the company to take advantage of these opportunities and remain at the forefront of technological innovation.