Indian edtech firms leverage AI to curb cash burn, growth hiring
At a time when they are hamstrung with mounting losses and face pressure from investors to show profits, Indian edtech firms seem to have discovered the genie in a bottle that could end many of their woes: artificial intelligence (AI).
Generative AI has given hope for a new lease of life to edtech firms, which have been trying all tricks in the book to cut spending and become self-reliant in the funding-strapped ecosystem for the last one year.
Rohit Srivastava, an expert in AI hiring and senior partner at LONGHOUSE Consulting, an executive search and talent advisory firm, told Moneycontrol that automation plays a significant role in both cost optimisation and customer experience enhancement.
“When we consider roles with extensive workforce deployment and well-defined processes, automation and technology can certainly replace them,” he said.