• https://www.moneycontrol.com/news/business/cost-optimisation-deals-to-drive-of-45-50-percent-of-it-revenues-in-fy23-24-11459251.html
• • “There has been a 15-20 percent increase in the time taken to close deals. For key geographies like north America, Canada, and the UK, it has gone up to 9-12 months — this used to be 6-8 months during the peak of 2020-2021,” Vasu said.
    • According to the report, north America accounts for 60-65 percent of the IT deals
    • while India, which accounts for 1-2 percent of the business through GCC (global captive centre) outsourcing, may grow by 7-9 percent
    • UnearthInsight noted that only a third of the Forbes 2000 companies are ready to adopt generative AI-based solutions. Only about 50 percent have adopted the cloud so far, and only 10 percent have the data  required  to build company-specific generative AI use-cases.
    • For Indian tech services companies, generative AI contributes $0.4 to $0.6 million on average per project, with only around 50-150 projects at the proof-of-revenue stage. Proof of revenue here refers to the projects advancing beyond proof of concept, and generating actual revenue.
      • Tags - revenue ai stages
    • missed
      • Note : Meanwhile, IT services companies have started seeing at least 30 percent improvement in internal productivity in areas like code generation and software development by integrating in-house AI tools.
      • Tags - productivity internal

All notes