Infosys founder Narayan Murthy’s words relives tech companies, in the era of Artificial Intelligence. You don’t have to worry about the AI, If you’re ready to continuously innovate in your Industry.
Sir Narayan Murthy, is the founder of one of the top Indian tech company, Infosys. When attended the Bengaluru Tech Summit 2023, he addressed concerns about potential disruption from generative AI technologies like ChatGPT and large language models.
During summit Zerodha co-founder Nikhil Kamath questioned him about the potential threat of AI to his company Infosys and other tech companies, who exports their tech services to western and other countries. He asked about his opinion in this matter.
In reply Narayan Murthy explained the capabilities of human mind and told that its the most powerful instrument in existence. “The reality is that the human mind is the most flexible and the most powerful instrument that ever existed. We have started invention of the wheel to ChatGPT 4 today. It has been a journey of asking questions as to how we can use tech to make our lives better, more productive and how can we reduce the cost of tech and how can we make tech all-pervasive and how can we use tech to better transparency and efficiency”.
Then he explained that continuous innovation is the only insurance for companies like Infosys against technological disruptions. “All of that has happened due to invention that happens once in a while or through innovation that happens continuously. So the only insurance that companies like Infosys have for their survival and ability to succeed, is the ability to create a mindset in the organisation that constantly innovates on improving productivity and more. As long as the CEOs of companies encourage such thinking among employees of the company then you don’t have to worry about ChatGPT or LLM or anything that comes”.
Narayan Murthy’s saying also reflects in his work and company, as we can see that currently Infosys has 50+ generative AI projects in the line actively. He also announced that they are having three big deals in Quarter 2, which is Contract with an existing customer to provide AI and automation-led development of 2 Billion Dollars and Liberty Global’s maintenance services over five years; a deal of 1.5 Billion Dollars and also it has the MoU signed for 1.5 Billion Dollars, spend of 15+ years.
Conclusion: In the era of Artificial Intelligence, every company in the industry should have the mindset to constantly innovate. If they are ready to do this then, they don’t have to worry about any technologies like large language models or Open Ai’s Chat GPT.