AI push fuels modernisation deals for IT firms
Three large modernisation contracts announced within days of each other have highlighted an emerging opportunity for India’s IT services industry: helping enterprises clean up years of accumulated technical debt before they can fully embrace artificial intelligence.
On June 8, Tata Consultancy Services secured a multi-year, multi-million euro modernisation contract from insurer Canada Life. Around the same time, Wipro signed a modernisation deal with financial services provider TruStage, while Infosys expanded an existing transformation programme with Norway’s DNB Bank.
