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India Inc Needs To Double Tech Spend To Ride AI Wave, Says Fractal AI CEO
For Fractal, the next big thing is capitalising on the AI wave, as it is focusing on bringing quality products to Indian market, Co-founder Srikanth Velamakanni told NDTV Profit.
20 Feb 2025, 08:12 AM IST 
Fractal AI was founded as Fractal Analytics back in 2000 and is based out of New York and Mumbai. Srikanth Velamakanni is the co-founder, group chief executive of Fractal. (Photo source: Vivek Amare/NDTV Profit)
Indian firms need to double their spend on technology to stay on course and make the best of AI tools, according to Fractal AI Co-Founder Srikanth Velamakanni.Speaking to NDTV Profit, Velamakanni said currently, companies usually spend 2-3% of their revenues on technology. "That figure needs to go up by at least 100% in the next few years. That will be a big opportunity for us. With most of the additional tech spend going into AI, th...
