While all industries will be transformed by AI, none will experience a more profound impact than the technology sector. Many leaders across the industry believe AI will be a powerful force reshaping every area of technology, from software and hardware development to IT services.
“AI has the potential to redefine how technology companies operate and evolve,” says Chris Shea, vice president consumer internet at NVIDIA. “Its impact is likely to be even more disruptive for technology companies than for other industries. It will lead to true transformation by allowing companies to look outside of their core business and identify hidden value that they can unlock.”
Chris Bedi, ServiceNow’s chief customer officer and enterprise AI advisor, agrees. ”Just like in every other industry, AI has the potential to boost technology companies’ top line revenue and increase margins by cutting costs and driving efficiencies,” he says. “But one area that doesn’t get talked about as much is AI’s ability to improve the speed at which companies innovate and deliver that innovation to market. This is especially important for the technology industry, where speed to value is a competitive advantage.”
