IT big 3 to offer artificial intelligence as a platform | Artificial intelligence - Economic Times

TCS, Infosys and Wipro are betting on artificial intelligence platforms to improve delivery of solutions by Ayan Pramanik, Principal Correspondent at The Economic Times.

The IT companies are investing in these platforms “diligently” but have yet to catch up

Indian IT services providers Tata Consultancy Services (TCS), InfosysNSE 1.31 % and WiproNSE -2.88 % are betting on artificial intelligence (AI) platforms to improve delivery of solutions and drive faster growth from clients.

These companies are also looking to offer the AI platforms, embedded as part of solutions until now, separately to clients.

Among the three competing platforms — TCS Ignio, Infosys Nia and Wipro HOLMES — only TCS’ Ignio makes revenue independently, at about $60 million.

ET reported on Tuesday that TCS aims to clock $100 million in revenue from its Ignio platform by the end of this fiscal year...

However, it could be a little off the mark to call these solutions AI platforms yet. Technology service providers “are conflating their investments in IP platforms with their investments in AI. For example, Ignio does have a small AI component, but most of the product is not AI but rules-based and procedural,” said Peter Bendor-Samuel, CEO of Everest Group, an IT advisory and research firm.
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Source: Economic Times