Baring’s Rahul Bhasin expects Indian IT services to retain global dominance despite AI disruption [Video]

Rahul Bhasin, Managing Partner, Baring Private Equity Partners  believes Indian information technology (IT) services companies will continue to retain their global dominance despite the challenges posed by artificial intelligence (AI).

However,  he says, “They (the industry) will go through a transition time…there is an inflection point and a state of flux, which the industry will go through. And I think there will be revenue uncertainty and business model uncertainty for a while.”

Currently, a bulk of the work earlier being done by Indian IT companies is getting automated due to AI. This shift, Bhasin believes, will necessitate transitions in business models within the IT industry, especially for large IT service companies.

While technology and software will stay the world’s fastest growing industry, eating up all other industries, “what people may have missed is that it will also eat itself up .”

Bhasin says while Baring will still prefer the tech …