New Delhi: Amid rising concerns over Artificial Intelligence (AI) impacting the IT sector, Tata Consultancy Services CEO K Krithivasan on Wednesday said AI will open new opportunities and employees should actively use the technology wherever possible.
Speaking at the NASSCOM Technology and Leadership Forum, Krithivasan encouraged employees to leverage AI tools to improve speed, efficiency, and cost-effectiveness — even if it temporarily impacts company revenues.
‘Use AI If It Makes Work Faster and Better’
Krithivasan said TCS is advising its associates that if they believe AI can help complete a task faster, better, and at lower cost, they should inform clients and adopt it.
He emphasized that the company does not fear AI replacing jobs. Instead, it sees AI as a catalyst for expanding opportunities.
“We believe this technology will create more opportunities. The more you use it, the more benefits you will gain,” he said.
IT Sector Under Pressure Amid AI Concerns
His remarks come at a time when AI-driven automation has created anxiety in the IT industry, impacting stock valuations.
Over the past month, the Nifty IT Index has declined by more than 20 percent. During this period:
- TCS shares fell nearly 16 percent
- Infosys shares dropped over 23 percent
- Wipro declined more than 14 percent
- Coforge fell 27 percent
- Tech Mahindra dropped 22 percent
The correction follows growing concerns after AI advancements and claims by US-based AI company Anthropic about automation capabilities.
AI Firms Partnering with Indian IT Companies
Despite market volatility, AI companies are increasingly collaborating with Indian IT giants to expand their business.
Recently, Anthropic partnered with Infosys, while OpenAI entered into a collaboration with TCS.
Industry experts believe such partnerships could help traditional IT services firms integrate AI into their offerings and maintain global competitiveness.
With AI reshaping business models, TCS’s leadership stance signals a strategic shift — viewing AI not as a threat, but as a transformative opportunity for growth and innovation in India’s $250-billion IT industry.
