India's Happiest Minds sees GenAI reaching double‑digit revenue share in three years

Happiest Minds Technologies, a leading Indian IT company, has announced ambitious growth plans for generative AI, aiming to generate double-digit percentages of their revenue from this technology within the next three years. This makes them the first Indian IT company to publicly disclose such ambitions and only the second in the global AI sector. Generative AI, which can create new content like text, images, or code, is expected to bring in around $50 million in sales from 22 identified business scenarios. The company is already seeing success with three AI projects worth over $1 million each and plans to double their AI-led service revenue by the end of the fiscal year. Despite challenges in integrating AI into existing systems and training employees, Happiest Minds remains optimistic about the future of AI and its potential to drive growth.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.