IT firms bet big on AI deals
Bengaluru: IT services companies are now expanding their partnerships with clients and winning many Artificial Intelligence (AI) deals across various verticals, including healthcare, retail, and BFSI (Banking, Financial Services & Insurance).
These deals are being won amid macroeconomic uncertainty and delayed decision-making by clients.
Recently, Tata Consultancy Services (TCS) secured a five-year renewal and expansion of its contract with North America-headquartered Weatherford International, a multinational oilfield service company. The IT firm will introduce advanced AI-driven solutions to streamline Weatherford’s finance and accounting processes. Among other partnerships, TCS is collaborating with Owens Corning to co-develop GenAI-powered solutions that enhance knowledge search and enable intelligent automation.
