AI hype outpaces reality, says Mphasis delivery head

The surge of attention around recent artificial intelligence releases has amplified fears across markets even though the underlying technology has existed for years, Mphasis Global Delivery Head Ravi Vasantraj said, arguing that visibility – not capability – has driven the latest reactions.

In an interaction with FE on the sidelines of the Nasscom Technology and Leadership Forum, Vasantraj said tools that automate or convert legacy COBOL code into Java have long been available in the market. What has changed, he said, is the prominence given to such tools following high-profile releases from companies like Anthropic, which has led to outsized interpretations of their immediate impact. Markets, he added, tend to overestimate short-term effects while underestimating how technology adoption actually plays out over time