Disrupting existing business models - Ascendion

Disrupting existing business models

Ascendion June 9, 2023

Ascendion’s Prakash Balasubramanian, EVP and Global Head, Engineering Practices and Delivery, was quoted in a CXOtoday article by Narasimha Raju on May 11, 2023. The article shares insights from experts in the technology field, on technology’s significance in today’s world and trends to keep an eye on in the future.

“Technology is crucial in driving India’s economy through innovation and entrepreneurship. Due to the COVID pandemic to economic pressures, business leaders now realize the urgency in disrupting existing business models. With the newest advances like generative AI, we’re in the early days of a much larger shift in work, business, technology, and society.

We are convinced that GAI systems – including ChatGPT, Bard, proprietary systems, etc. – will profoundly change how technology and engineering services will be delivered. Ascendion programmers already use generative AI tools to help draft code in line with very specific
requests. Our talent specialists use AI to craft more effective role descriptions.

As a company, we have been investing in the use of AI/ML in the engineering process for the past several years. Ascendion AVA, an enabling platform for software product engineering, offers radical transparency for the engineering ecosystem resulting in more trust, faster problem solving and better engineering quality.

Already, our engineers are more efficient because of our platforms. But AI systems will never replace engineers. Technologists who enhance their skills using the newest systems will unlock massive amounts of productivity for themselves, their companies and society.”

Read the full article on: CXOtoday.