AI projects are being funded through existing IT budgets as clients seek productivity gains: Persistent CFO

Persistent Systems said enterprises are increasingly adopting artificial intelligence (AI) to improve productivity, with most projects being funded through existing technology budgets rather than fresh IT spending, Chief Financial Officer Vinit Teredesai told TNIE.

“Everything that the customer expects from us is to do more with less, provide more value with them for the same dollar that they are spending. And that’s where the AI story is going,” Teredesai said.

He added that outcome-based pricing for AI projects remains in the early stages and could take “a couple of quarters” to gain traction.