Infosys CEO Salil Parekh on AI tools replacing engineers: It is not that overnight everything is going to be replaced as in large companies …

Software engineers can heave a sigh of relief. Your job may get changed/altered a bit, but it is not going anywhere according to the CEO of India’s second-biggest IT company Infosys. In an interview to Economic Times, Infosys CEO Salil Parekh spoke about a range of issues including the impact of AI tools on the core business of IT services companies like Infosys. Asked specifically on what he thinks of the view that the IT services industry is going to be decimated by AI tools in next five years. Infosys CEO said, ” If you look at the size of tech services, it’s $1.5 trillion in overall global market size. Our analysis is that the AI services market is $300-400 billion. Going by this, it therefore stands to reason that far from getting decimated, the Indian IT industry will be thriving in 2030. Infosys will leverage those six areas of growth, and we’ll see that we get revenues from these six areas of growth.”