Hexaware CEO predicts AI could cut IT work costs by 25%

The CEO of Hexaware Technologies Ltd., an Indian IT services company, has warned that artificial intelligence could reduce the cost of routine IT projects by up to 25%. This projection underscores the potential impact of AI on a sector traditionally reliant on labor-intensive tasks. The CEO’s remarks highlight the transformative effect of AI on pricing and operational efficiency within the IT industry. The statement reflects growing concerns about how automation might reshape the value and demand for human labor in IT services. Hexaware Technologies Ltd. is a major player in the Indian IT services market, and its CEO’s comments signal a shift in industry expectations as AI adoption accelerates. The potential 25% cost reduction is based on the ability of AI to automate repetitive tasks, thereby lowering labor expenses and increasing productivity. This forecast comes as more companies explore AI-driven solutions to streamline operations and cut costs. The CEO’s warning serves as a reminder of the broader implications of AI for the IT sector, including the need for workforce adaptation and reskilling.