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GenAI projects are influencing cloud adoption: HCLTech study

Economic Times

Economic Times · 9m ago

GenAI projects are influencing cloud adoption: HCLTech study

According to a report by HCLTech, generative artificial intelligence (GenAI) projects are driving cloud adoption and interest in cloud native practices for application modernization. The report states that 98% of enterprises are exploring custom GenAI solutions, with 80% agreeing that the public cloud's value can only be fully realized if applications are modernized during migration. Embracing cloud native architectures and platform engineering is essential for businesses aiming to build a resilient and innovative IT landscape. The report also highlights the importance of hybrid, multicloud strategies and the growing recognition of the value of third-party consulting in cloud strategy execution.

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Startup unicorns take to GenAI as older companies dither

Economic Times

Economic Times · 1y ago

Startup unicorns take to GenAI as older companies dither

A recent study by EY India examined the adoption and maturity levels of generative artificial intelligence (AI) use cases in India. The study found that while innovation in this field is progressing rapidly, different types of organizations are at varying stages of adoption. Domestic enterprises are taking a cautious approach and assessing the reliability and functionality of GenAI, while digital-savvy organizations like startups and Global Capability Centres (GCCs) are quickly implementing GenAI in production. Despite government support and improved infrastructure, organizations still face challenges in balancing value and cost.

HCLTech integrates GenAI platform with Google Gemini

YourStory

YourStory · 1y ago

HCLTech integrates GenAI platform with Google Gemini

HCL Technologies has announced that its GenAI platform, HCLTech AI Force, is now available on Google Cloud's Gemini models. The GenAI platform is aimed at fast-tracking the value of AI investments and has integrated Google's multimodal large language model, Gemini, to enable innovation at scale. Along with support for Gemini applications, HCLTech AI Force also provides robust security and governance measures. The platform aims to help enterprises scale their AI initiatives and drive efficiency in product engineering. HCLTech is leveraging its AI expertise to unlock value across various industries, from chip development to cloud optimization.

Cloud powers India’s digital leap

Economic Times

Economic Times · 7m ago

Cloud powers India’s digital leap

Indian businesses are recognizing the crucial role of cloud technology in driving artificial intelligence (AI) adoption, according to an EY study. The survey revealed that 90% of Indian companies believe that AI implementation would not have been possible without migration to the cloud. Furthermore, around 70% of organizations are currently transitioning their applications to the cloud. The study emphasized the importance of a hybrid approach, with 80% of companies managing their applications both on premises and on the cloud. Greater awareness of the benefits of cloud adoption and increased investment in cybersecurity are identified as key areas for improvement.

Strong client interest on GenAI; don't foresee layoffs within Infosys from new-age tech: CEO Salil Parekh

YourStory

YourStory · 11m ago

Strong client interest on GenAI; don't foresee layoffs within Infosys from new-age tech: CEO Salil Parekh

Infosys CEO, Salil Parekh, revealed that there is strong interest from clients in generative AI (GenAI) and that the company is heavily focusing on its adoption. He compared the adoption of GenAI to the previous adoption curves of digital and cloud technologies, stating that as enterprises experience the benefits and outcomes of GenAI, its adoption will increase over time. Parekh also emphasized that Infosys does not foresee any layoffs associated with these technologies and that GenAI is expected to drive business growth.

North American business plans to invest 67% more in GenAI in 2024, says Infosys Research

IndianStartupNews

IndianStartupNews · 1y ago

North American business plans to invest 67% more in GenAI in 2024, says Infosys Research

According to a report from Infosys Knowledge Institute (IKI), North American businesses are expected to increase their investments in generative AI (GenAI) by 67% in 2024, with an estimated $6 billion being invested. The study reveals that large enterprises are quicker to adopt GenAI, but smaller companies are lagging behind. While content creation is not seen as the most influential area for GenAI, companies expect it to enhance user experience and personalization. However, challenges such as data privacy, security, and usability, as well as a lack of skills and resources, are identified as barriers to adoption.

90% women consider generative AI crucial for career growth: report

Economic Times

Economic Times · 11m ago

90% women consider generative AI crucial for career growth: report

A report by Nasscom and BCG reveals that while 90% of women consider generative AI (GenAI) crucial for career growth, only one-third feel prepared to use it. The study also found that women are willing to invest extra effort to succeed with AI and GenAI technology. However, challenges such as limited knowledge, lack of trust, restricted access, and fear of competence scrutiny hinder adoption among senior management women. Addressing these obstacles and promoting diversity and inclusion are recommended to enhance women's success with GenAI technologies and drive innovation in the industry.

HCLTech faces ransomware incident in cloud project

Livemint

Livemint · 1y ago

HCLTech faces ransomware incident in cloud project

HCLTech has faced a ransomware incident in an isolated cloud environment for one of its projects. The company states that there was no impact on the overall network, and a detailed investigation is underway. Meanwhile, Kotak Institutional Equities downgraded HCLTech due to the recent rally in its stocks, limiting further upside potential. The brokerage firm cited reduced demand in the IT sector and increased macro uncertainty.

Generative AI will move from disruption to optimisation in 2024

OutlookIndia

OutlookIndia · 1y ago

Generative AI will move from disruption to optimisation in 2024

Dell Technologies predicts that in 2024, the focus of AI will shift from experimentation to strategic implementation, with the first wave of GenAI enterprise projects reaching maturity. They emphasize the need for an ecosystem approach and collaboration to achieve digital transformation. Dell also highlights the importance of edge computing, hybrid quantum systems, multi-cloud adoption, and the fortification of Zero Trust architectures in securing the digital future of the Asia Pacific and Japan region. They plan to introduce the industry's first commercial Zero Trust private cloud system in 2024.

GenAI Is Redefining Business Paradigms, But Will The Scale Of Change Gobble Up ROI?

Inc42 · 1y ago

GenAI Is Redefining Business Paradigms, But Will The Scale Of Change Gobble Up ROI?

Inc42 and Google Cloud hosted a roundtable in Bengaluru to discuss the adoption of generative AI (GenAI) in businesses. The session covered topics such as practical applications of GenAI and the ROI challenges associated with its adoption. Startup leaders from various sectors including ecommerce, deeptech, agritech, and fintech participated in the event. The discussion revolved around how GenAI can be an enabler for products and services, how it aligns with technology-driven business environments, and the potential benefits and costs of implementing GenAI initiatives. Business leaders emphasized the need to track real benefits and manage costs effectively.

HCLTech integrates NVIDIA AI softwares with GenAI solutions

YourStory

YourStory · 3m ago

HCLTech integrates NVIDIA AI softwares with GenAI solutions

HCLTech has integrated NVIDIA AI Enterprise and Omniverse with its GenAI solutions to enhance AI adoption in enterprises. The integration with NVIDIA's AI software aims to optimize software development, improve code quality, accelerate release timelines, and boost engineering productivity. The SmartTwin platform will employ NVIDIA Omniverse for creating data pipelines, integrating third-party tools, and conducting virtual simulations to quicken product launches and reduce costs, minimizing the reliance on physical prototypes.

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