Wipro executive says AI is an opportunity, not a threat

Core Insights - Wipro anticipates that rapid AI adoption will enhance demand for software service providers, countering fears that AI could disrupt the outsourcing model [1] - The company views AI as a significant opportunity, comparable to the discovery of electricity or the internet, emphasizing the need for a broader perspective beyond just task automation [2] Industry Outlook - The global IT sector is projected to see the creation of 170 million jobs due to AI, while approximately 92 million jobs may be disrupted, indicating a net positive impact on employment [3] - Demand for skills in model training, data curation, and responsible AI is expected to rise within India's IT sector, highlighting the importance of AI literacy among engineers [3][4] Future Trends - Wipro believes that AI will expand the responsibilities of service providers rather than diminish them, similar to the impact of cloud computing [3] - The transition to "autonomous enterprises" is anticipated to shape technology spending over the next decade, requiring deep collaboration between IT services companies and their clients [4][5]