IT firms need new delivery model: Nasscom

At a time when global technology spending is under pressure, Indian IT firms need to move from implementation to coordinating and managing end-to-end technology systems, industry leaders said on Wednesday at the Nasscom NTLF Summit.

Speaking at a panel discussion, Rajesh Nambiar, chairman of Nasscom, said market reactions to recent volatility were a little hyped and underestimated the long-term impact of artificial intelligence. AI-led modernisation would accelerate as costs fall and enterprises face tighter timelines to address legacy systems, he said.