Anand Mahindra dismisses concerns on Artificial Intelligence, views it as growth catalyst

Allaying fears that Artificial Intelligence AI would undermine Indiarsquos IT sector Tech Mahindra Chairman Anand Mahindra has stated that AI has the potential to reshape the industry and that the IT sectors role will evolve to become even more critical as enterprises increasingly adopt AIMahindra pointed out that every major technological shift has sparked fears about layoffs and disruption but AI should instead be viewed as a catalyst for the next phase of growth for the industry as per IANSAddressing shareholders at the companys annual general meeting AGM on Friday Mahindra said India cannot only have a passive role of being a consumer but look to create shape and deploy intelligence as per PTIAI to transform the IT industryldquoAt the very outset let me tackle the elephant in the room which is the prediction that the rise of Artificial Intelligence will kill IT services in India Every major technology cycle creates such anxieties he noted while adding that the role of IT services will not diminishIt will change of course And in many ways it will become more important he saidComparing AI to a smartphone Mahindra said its true value lies not in the technology itself but in the applications connectivity and enterprise solutions built around it and companies like Tech Mahindra enable businesses to turn AI into a practical tool that delivers real business value according to PTIMahindra said itrsquos easy to imagine what AI can do but ensuring that it works reliably securely and responsibly at enterprise scale is much harderAccording to Mahindra most enterprises operate with legacy systems fragmented data complex regulations and technology debt and AI canrsquot simply be placed on top of this complexityIt has to be integrated governed and shaped around each enterprisersquos context And that is why companies like ours matter to make AI usable trusted and valuable inside the enterprise he saidThe real differentiator he said will be an enterprisersquos proprietary data workflows domain expertise and business judgment which he described as its alpha as per PTITech Mahindrarsquos growthOn Friday the Tech Mahindra reported a 284 per cent rise in consolidated net profit for the June quarter at Rs 1465 croreDespite the volatile business environment Mahindra said the IT firm has delivered margin expansion for ten consecutive quarters while quarterly deal wins have exceeded USD 1 billion in successive quarters as per PTIFrontier AIAccording to Mahindra the enterprise of tomorrow will be built on human judgment amplified by AI capabilityTo bring this vision to life your company has embarked on Project Helix Through this programme Vector Squads will interweave human expertise with AI agents like two strands of DNA combining domain knowledge engineering depth governance and responsible AI practices around each clientrsquos context Mahindra saidFrontier AI is not just a commercial technology but increasingly a strategic capability shaped by trust regulation national interest and sovereignty he saidCiting PARAM supercomputerrsquos case of technological constraints leading to indigenous breakthroughs Mahindra said Indiarsquos strength lies in its ability to be nudged by denialdriven innovationHe said the same spirit should drive sovereign AI through domestic capability trusted collaboration and selfreliance as per PTIMahindra said AI will challenge old models but it will also create one of the largest opportunities the industry has ever seen which is to help enterprises and nations convert intelligence into trusted impactWith Agency inputs