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Ravi Vasantraj, Global Delivery Head at Mphasis, offered his perspective, arguing that models themselves are rapidly becoming commoditized and that owning IP itself is meaningless—what enterprises are really buying is the outcomes delivered using AI. He disclosed that AI-led work accounted for 63% of Mphasis's total new contract signings of $461 million in the June quarter, and that the share of AI-related business opportunities has risen from 12% to about 70%, but only 5% of AI sandbox projects have entered production environments, with the company currently seeing productivity gains of about 20%.
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- Source:Analytics India Magazine
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Oct 28
Analytics India Magazine
Ravi Vasantraj of Mphasis: Owning IP Itself Is Meaningless
Ravi Vasantraj, Global Delivery Head at Mphasis, believes that models themselves are rapidly commoditizing and that owning IP itself is meaningless—what enterprises are really buying is outcomes delivered using AI. He revealed that AI-led work accounted for 63% of Mphasis's total new contract signings of $461 million in the June quarter, and that the share of AI-related business opportunities has risen from 12% to about 70%, but only 5% of AI sandbox projects have entered production environments, with the company currently seeing productivity gains of about 20%.