The Role of Generative AI in Engineering Service Providers’ Revenue in Q4 FY24
Generative AI emerged as a key driver of revenue growth for Indian engineering service providers (ESPs) in Q4 FY24. Companies like Infosys, Wipro, and HCLTech leveraged AI models to automate software development, design optimization, and predictive analytics. The adoption of AI-powered solutions in automotive, healthcare, and manufacturing industries fueled demand for ESP expertise. As businesses seek AI-driven innovation, Indian ESPs continue to invest in advanced machine learning and deep learning technologies to enhance engineering efficiency.