Seven questions on AI investments that shareholders and board must ask the CEO
Visualisation by Sadhana Saxena via AI
Synopsis
Indian companies, such as Infosys and TCS, are shifting towards AI leadership. There have been significant AI investments across sectors in India. However, shareholders and boards must ensure that these investments enhance shareholder value effectively, avoiding pitfalls seen in past IT projects.
Early this June, Salil Parekh, CEO, Infosys, announced that the IT major was a GenAI-first company. Shortly after, N Chandrasekaran, chairman, Tata Sons, announced TCS’s aspiration to become a GenAI-first company. These two cases highlight the pivotal shifts in corporate artificial intelligence (AI) strategies. Entities in India spent USD1.7038 billion on AI in 2023, according to an Intel-IDC report. Banking, financial services, insurance,
Refer & Earn
Get Unlimited Access to The Economic Times
