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Market Impact: 0.25
AI Will Deflate Value of IT Work by Up to 25%, Hexaware CEO Says
Source: Bloomberg
Artificial IntelligenceTechnology & InnovationCompany Fundamentals
Hexaware Technologies’ head said AI could reduce the cost of routine IT projects by up to 25%, pointing to significant efficiency gains in a historically labor-intensive sector. While this is a positive operational implication, the article provides no near-term financial guidance or quantified revenue impact, suggesting limited immediate stock or sector pricing impact.
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