‘Owning of the IP Itself is Meaningless,’ Says Mphasis’ Ravi Vasantraj

In an interview, Mphasis Global Delivery Head Ravi Vasantraj discussed enterprise AI adoption using an analogy about a non-functioning yacht, illustrating that the hammer (model) matters less than knowing where to apply it. He notes that AI models from various geographies are competing, but this drives consumer benefit and eventual commoditization. Vasantraj stressed enterprises are still adopting AI early and that focus should be on tangible impact rather than model ownership. His employer reports AI-led work represented 63% of new contract value won in the June quarter.

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