SynopsisWhile contract renegotiations have typically taken place just ahead of the time of renewal across the $315 billion software services industry, clients are now reopening even ongoing engagements to capture AI-led efficiencies sooner.Corporates are increasingly renegotiating IT services contracts within 24 months of signing them, rather than wait for renewals, as AI-driven productivity gains force a rethink of traditional pricing models, industry executives and analysts said.While contract renegotiations have typically taken place just ahead of the time of renewal across the $315 billion software services industry, clients are now reopening even ongoing engagements toNow Playing
IT deals face rejig as clients force new terms for AI gains - The Economic Times
While contract renegotiations have typically taken place just ahead of the time of renewal across the $315 billion software services industry, clients are now reopening even ongoing engagements to capture AI-led efficiencies sooner.
95 words~1 min read
