The AI Gold Rush: Corporate Winners and Future Fortunes
There’s a gold rush happening in the tech world, with AI as the precious metal. Global giants are scrambling for a piece, touted as the ‘winners’ by none other than Bank of America. The sectors leading the charge? Software and IT services, no surprises there.
Dassault Systemes
Sitting pretty at the top is Dassault Systemes, a French software virtuoso. The ace up their sleeve? Their 2019 acquisition of Medidata, a healthcare data platform. We’re talking drug trial data from a whopping 7 million patients. A veritable treasure chest for AI applications, with generative therapeutics design as a shining gem.
SAP: A Worthy Contender
Not to be outdone, German software firm SAP is holding its ground. The star player? Their enterprise resource planning (ERP) software. The trump card? Automation of HR processes and other functions, a data reservoir for AI integration.
The Generative AI Effect on IT Services
The effects of generative AI on IT services? It’s a mixed bag. Concerns over automation-induced sales dips are certainly valid. Yet, IT services companies are painted as GenAI enablers, given their access to vast talent pools. Companies like Capgemini, Kainos, and Tietoevry are poised to reap benefits from the AI service demand surge.
Bank of America predicts a rosy AI revenue picture, pegging it at a staggering $900 billion by 2026. Buckle up for the ride, the AI gold rush is just getting started.
