🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

GenAI: What Accenture got right, but Indian IT didn't

Livemint

Livemint · 1y ago

GenAI: What Accenture got right, but Indian IT didn't

Accenture secured projects worth $450 million in generative artificial intelligence (GenAI) in the three months ended November, a 50% increase from the previous six months. GenAI includes technologies driving chatbots and creating new forms of content. Analysts believe that if Accenture continues to grow at the same rate, its GenAI business could reach $4 billion in the current financial year. This marks a contrast to Indian IT firms, such as Tata Consultancy Services and Infosys, which struggle to define an AI roadmap. Accenture sees GenAI as a critical part of its clients' reinvention.

Related News

Companies expected to increase Gen AI investments by half this year

Livemint

Livemint · 7m ago

Companies expected to increase Gen AI investments by half this year

Companies are set to increase investment in generative AI (GenAI) technologies by 50% by 2025, as per a report. While some believe GenAI will drive productivity and cost savings in IT services, others view it as a risk factor. Despite varied opinions on its impact, firms like Accenture have already seen significant revenue from GenAI-related work. Indian IT companies acknowledge GenAI's influence but have not yet quantified its business potential.

Lessons for Indian IT services firms as Accenture, IBM lead GenAI charge

Livemint

Livemint · 10m ago

Lessons for Indian IT services firms as Accenture, IBM lead GenAI charge

IBM is experiencing a turnaround as it gains more clients for its generative artificial intelligence (GenAI) services. The company's GenAI bookings stood at over $2 billion as of July, while Accenture reported $3 billion in GenAI bookings for the period 2023-24. The growth in consulting business has contributed to the success of both IBM and Accenture, which outpaces Indian IT services companies. Indian IT firms have not reported revenue from consulting or AI practices and have faced challenges with lower client spending on IT services. GenAI revenues are expected to flow from consulting before expanding to other IT segments.

Accenture Acquires Bengaluru-Based Chip Design Co. Excelmax

Inc42 · 1y ago

Accenture Acquires Bengaluru-Based Chip Design Co. Excelmax

Accenture has announced its acquisition of Excelmax, a semiconductor company, to strengthen its design and engineering capabilities. With this deal, around 450 employees from Excelmax will join Accenture. The Indian semiconductor industry is expected to witness significant growth due to increasing adoption of GenAI and high demand for electronics, projected to reach a market size of $150 billion by 2030.

Accenture opens genAI studio in Bengaluru

Economic Times

Economic Times · 1y ago

Accenture opens genAI studio in Bengaluru

Accenture has launched a generative AI studio in Bengaluru, India. The studio aims to develop genAI capabilities for enterprises to optimize their business processes. It will offer a full stack of services, including a proprietary genAI model, customization techniques, model managed services, and training programs. The studio is part of Accenture's $3 billion investment in data and AI. With increasing importance placed on AI, Accenture aims to help clients leverage generative AI to reinvent their businesses and achieve new levels of performance.

Accenture secures $1.1 billion GenAI projects in Sep-Feb

Livemint

Livemint · 1y ago

Accenture secures $1.1 billion GenAI projects in Sep-Feb

IT services provider Accenture has secured generative artificial intelligence (GenAI) projects worth $600m in the past three months, bringing its total GenAI deals for the first half of the fiscal year to $1.1bn. The surge in GenAI projects follows the global attention on AI after the launch of ChatGPT, positioning it as a disruptor. In addition to its success in GenAI, Accenture's overall revenue growth has disappointed analysts for the second consecutive quarter, with revenues totalling $15.8bn in the quarter ended in February. The company has revised its full-year revenue growth forecast to between 1% and 3%.

The Enterprise Opportunity: SaaS Startups, India’s IT Giants Riding The GenAI Wave

Inc42 · 1y ago

The Enterprise Opportunity: SaaS Startups, India’s IT Giants Riding The GenAI Wave

Indian IT services companies like TCS, Wipro, and Infosys are embracing GenAI capabilities for various internal and external use cases. These companies are initially using GenAI to optimize operations, but the ultimate goal is to provide GenAI-based solutions to customers. India's digital product startups have been built on the legacy established by IT services giants, making the GenAI revolution significant for the Indian enterprise landscape. Adoption of GenAI is cautious, with companies primarily focusing on streamlining operations and improving customer and employee experience. However, the potential for GenAI to transform large enterprises is immense, and its adoption is expected to increase in the coming years.

Indian-origin man's unicorn Builder.ai used 700 people for coding work it said was AI-powered

Inshorts · 2m ago

Indian-origin man's unicorn Builder.ai used 700 people for coding work it said was AI-powered

Builder.ai, Indian-origin Sachin Dev Duggal's now-bankrupt unicorn, used 700 Indian engineers for coding work which it claimed AI was doing "at a fraction of cost and time". Ebern Finance Founder Bernhard Engelbrecht claimed the final product "constantly glitched, code was unreadable, and functions didn't work". The Microsoft-backed startup got $445-million funds "with this scam's help", he added.

Thought I couldn't be a founder as I wasn't male, alpha: Vineeta

YouTube · 1y ago

Thought I couldn't be a founder as I wasn't male, alpha: Vineeta

SUGAR Co-founder and CEO Vineeta Singh said she used to think she didn't have the right to be an entrepreneur because she was not "an alpha, or male, or genius" or because she didn't get it right in her first and second business. She added, "I have now realised entrepreneurs come in all shapes and sizes."

Where does the rise of AI put incident responders?

Techradar

Techradar · 1y ago

Where does the rise of AI put incident responders?

The article discusses the integration of AI technologies, particularly generative AI (GenAI), in various industries. It emphasizes the need for humans and GenAI to work together, particularly in digital operations, to achieve optimal results. The author highlights the growing use of GenAI in development teams and the importance of human guidance to inform it with intuition and experience. The article also acknowledges the complexities and challenges AI can bring to technology stacks, emphasizing the need for skilled engineers and incident responders. It concludes that organizations must invest in the right skills and create a work environment that encourages collaboration between humans and AI.

TCS, Infosys trail Accenture, global rivals in race for AI-project bookings

Livemint

Livemint · 1y ago

TCS, Infosys trail Accenture, global rivals in race for AI-project bookings

Indian IT services companies Tata Consultancy Services (TCS) and Infosys are lagging behind global peers such as Accenture and IBM in the number of artificial intelligence (AI)-related projects, according to US research firm Information Services Group (ISG). TCS had 300 AI projects and Infosys had 200, whereas Accenture had 2,250 and IBM had 1,000. Analysts attribute the gap to the foreign companies' earlier start in AI client engagement and a more aggressive approach in marketing their projects. However, it is important to note that the data only includes five pure-play IT services companies, with only two being Indian.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

June 2025

Helping your parents when you are miles away

The Pit Stop Your Cravings Deserve

The next generation E-commerce platform

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

Download the medial app to read full posts, comements and news.