IT Industry Shift: Decline in Bench Strength at Top Firms

Published On Wed Jun 12 2024
IT Industry Shift: Decline in Bench Strength at Top Firms

Wipro Launches Lab45 AI Platform to Enhance Business Functions

Wipro recently launched the Lab45 AI platform with the aim of enhancing business functions and providing industry-specific solutions for both customers and employees. Subha Tatavarti, Wipro's chief technology officer, reported that the platform has resulted in productivity gains of up to 30% across various industries. Check out the diagram below to see how the Lab45 AI platform works:

Lab45 AI Platform Diagram

Tata Consultancy Services Launches Gen AI Platform WisdomNext

Tata Consultancy Services (TCS) introduced the Gen AI platform WisdomNext, which incorporates multiple GenAI technologies. This platform assists companies in adopting next-gen technology, reducing costs, and operating within regulatory frameworks.

HCL Technologies Announces GenAI Platform Integration with Google Cloud

HCL Technologies unveiled its GenAI platform, HCLTech AI Force, on Google Cloud's Gemini models. This integration incorporates Google's large language model to drive innovation at scale. Here is a visual representation of the integration:

HCLTech AI Force Integration with Google Cloud

Top IT Firms Experience Drop in Bench Strength

Leading IT firms in the country have witnessed a significant decrease in their bench strength, referring to employees not actively engaged in projects. Learn more about this and other tech news in today's ETtech Morning Dispatch.

HCL Technologies Enhances MRO Solution with GenAI Capabilities

HCL Technologies has enhanced its MRO solution by integrating GenAI capabilities, optimizing asset utilization, and streamlining maintenance processes in SAP S/4HANA. This includes a comprehensive natural language inspection and repair findings report.

Ecommerce Enabler GoKwik Partners with Over 4,000 Brands

GoKwik, an ecommerce enabler, has established partnerships with more than 4,000 ecommerce brands, including Lenskart, Neemans, Man Matters, Purplle, and Shoppers Stop. These partnerships span across various categories like fashion, beauty, health, and nutrition.

Instabase Appoints Deepak Sharma to Advisory Board

Instabase announced the appointment of Deepak Sharma to its advisory board, aiming to drive expansion plans in India. Sharma, a Mumbai-based digital leader and former President at Kotak Mahindra Bank, brings over two decades of expertise to the table.

AI Continues to Shape Business Landscape

A recent TCS study revealed that 86% of senior business leaders are leveraging AI for revenue growth, with 45% expecting half of their workforce to utilize Generative AI in the next 3 years. Despite excitement around AI's impact, deployment challenges remain a key focus. Take a look at some insights from the study:

TCS AI Study Insights