Artificial intelligence (AI) is rapidly reshaping the software development landscape, with machines now contributing to 30% of code generation, according to Cognizant CEO Ravi Kumar.
Speaking with India’s CNBC TV18 during the World Economic Forum in Davos, Switzerland, Kumar predicted that the AI revolution would compel companies to significantly increase their investments in technology to maintain a competitive edge.
One of the key shifts AI is expected to bring is a reduction in the number of developers needed to manage workloads. “Fewer developers will handle larger workloads,” Kumar stated.
However, he clarified that this does not signal a decline in employment opportunities. Instead, AI is likely to generate new job roles.
AI, he said, will drive innovation across diverse sectors, making it essential for businesses to integrate these technologies to enhance productivity.
“IT service providers will be the real beneficiaries of this AI-driven technological revolution,” Kumar asserted. Unlike some industry leaders who foresee a potential decline in IT contracts, Kumar expressed optimism about the future of the sector.
Technology spending historically rises during such transformative periods. AI not only clears project backlogs but also enables companies to undertake more initiatives, he added.
Kumar also pointed to the United States as a major driver of technology investments, citing factors like possible corporate tax reductions and regulatory reforms under President Donald Trump.
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