Sab log AI ke peeche pade hain, par asli game toh GCC badal rahe hain. Morgan Stanley ne kaha hai ki Global Capability Centres ka tezi se badhna Indian IT outsourcing model ke liye AI se bada headache ban gaya hai.
AI toh sirf ek bahaana hai?
Market mein sabse zyada shor AI (Artificial Intelligence) ko lekar hai, log darr rahe hain ki AI IT sector ko khatam kar dega. Lekin Morgan Stanley ka kehna hai ki abhi tak major IT companies ke financials mein aisi koi badi disruption nahi dikhi hai. Asli khel GCCs (Global Capability Centres) ka hai.
Kya hai ye GCC ka chakkar?
Pehle MNCs apna sara tech kaam Indian IT vendors (service providers) ko outsource karti thi. Lekin ab trend badal gaya hai. Multinational companies ab khud India mein apne 'Captive Centres' yaani GCCs khol rahi hain.
Iska matlab simple hai: jo kaam pehle IT companies ko milta tha, ab woh kaam woh companies khud apne andar handle kar rahi hain. Entry barrier itna kam ho gaya hai ki choti MNCs bhi ab apne tech operations khud manage kar rahi hain.
Investors ke liye kya hai insight?
Ridham Desai (Morgan Stanley) ke mutabik, IT stocks mein jo ulat-pher ho raha hai woh sirf 'speculative fear' hai. Prashant Jain (3P Investment Managers) ka bhi yehi kehna hai ki agar AI se job loss hota bhi hai, toh Indian economy par uska asar limited rahega kyunki IT sector overall employment ka ek chota hissa hai.
Investor ke liye point of concern ye hai ki kya hamari IT companies apna pricing power maintain kar payengi? Jab clients khud apni team set up kar lenge, toh high-value projects aana mushkil ho sakta hai. Agle quarters mein management ki commentary aur client spending par nazar rakhna bahut zaruri hai.