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Time of India
18 hours ago
- Business
- Time of India
With AI on the rise, developer rates decline
Bengaluru: The 2025 Accelerance Global Software Outsourcing Trends and Rates Guide showed a global decline in software developer hourly rates, with decreases ranging from 9% to 16% across many regions. Tired of too many ads? go ad free now Latin America is the notable exception, where rates have remained steady. The report highlighted harder client negotiations, off-rate card deals, and cost takeout deals increasingly being offered by outsourcing partners to get projects over the line. Developer hourly rates declined across several key regions, with Eastern Europe seeing a 9% drop, and both South Asia and Southeast Asia experiencing steeper reductions of 16%. The 2025 edition of the report reviews data from 2024, comparing it to 2023 figures. It analyses median pricing across all software development roles, based on the latest survey results. This downward trend highlights a softening demand environment, driven by restrained enterprise IT budgets and increased discounting by software development firms competing for limited business in a crowded market. Peter Bendor-Samuel, founder and chairman of the Everest Group, said, "Over the last month, we are seeing much more aggressive pricing shifts than these as firms seek to capture the benefits of AI and are using AI aggressively with their internal teams, reducing the need for external support. The reason that Latin American rates are holding up is that in the new AI-driven apps world, time zone proximity is increasingly important, and we are seeing that translate into higher productivity, which in turn allows for higher or at least sustained rates. " Ray Wang, chief executive of Constellation Research, said AI has driven down the cost of software development. "In fact, we just saw a new firm, Soul of the Machine, headed by the legendary Sunil Karkera, beat out a major who bid a project with over 100 people and a 12-month timeline. Tired of too many ads? go ad free now He won a bid with less than 10 people in half the time. This is AI native scale." About 50% of Accelerance's respondents anticipate raising their rates by 1% to 5% within the next six months. This signals a departure from the double-digit growth in developer rates that defined the pandemic years. While inflation and ongoing shortages in high-demand tech roles will continue to drive price increases for some specialised skills, outsourcing providers are also offering more discounts and off-rate card deals. The integration of AI is reshaping various aspects of the software development lifecycle. Last year, Amazon CEO Andy Jassy announced a demonstration of the tangible value of the Amazon Q Developer agent for code transformation. With its help, Amazon successfully migrated tens of thousands of production applications from Java 8 or 11 to Java 17. This effort saved more than 4,500 years of manual development work across over a thousand developers and delivered performance gains amounting to $260 million in annual cost savings—underscoring the powerful impact of AI-assisted modernisation at scale. AI will play a much larger role in software development, with estimates suggesting that up to 70% to 90% of development tasks could be AI-driven by 2025 to 2027. Phil Fersht, CEO of HfS Research, said, "Our research shows 83% of US enterprises are increasing their investments in automation and AI because of the current tariffs and geopolitical instability." He said, "The market didn't twitch last Monday after Israel's attack on Iran, but I wonder what they will do on Monday, especially now the Strait of Hormuz is closed. . Trump's 90-day window on tariffs is also about to close with no real deals anywhere, and traditional 'big deals' business is very slow now in our industry."
Business Wire
10-06-2025
- Business
- Business Wire
Dr. Scott Zoldi Named in Constellation Research's AI 150 List
BOZEMAN, Mont.--(BUSINESS WIRE)-- FICO (NYSE: FICO) FICO celebrates its chief analytics officer Dr Scott Zoldi for being recognized by Constellation Research on its 2025 Artificial Intelligence (AI) 150, an elite list of executives leading AI transformation efforts around the globe. Global analytics software company, FICO celebrates its chief analytics officer Dr. Scott Zoldi for being recognized by Constellation Research on its 2025 Artificial Intelligence (AI) 150, an elite list of executives leading AI transformation efforts around the globe. In just a short span, the rise of AI has sparked a wave of disruption and innovation across every industry. Leaders have been quick to harness this momentum, using AI to fast-track transformation and amplify their strategic influence. Responsible for AI and analytic innovation across FICO's products and technology solutions, Dr. Zoldi is listed as an inventor on 103 patents, in collaboration with other data and analytic scientists, and is also named on an additional 40+ patent applications in process. Selection in the AI150 is an accomplishment that recognizes Dr. Zoldi's ability to continually invent and operationalize key AI innovation and reflects FICO's position as an Industry leader promoting the Responsible use of AI. 'It is an honor to be recognized as one of the AI150, the industry's most influential AI executives driving AI transformation across various industries,' said Dr. Scott Zoldi, chief analytics officer at FICO. 'We are living through the Golden Age of AI, and it is imperative for enterprises to innovate and operationalize at scale. AI is a powerful transformative tool, and innovation, AI development standards, AI blockchain governance, and expertise in AI operationalization can ensure AI technology provides meaningful scalable impact and precise decisions for business around the world.' 'In the Age of AI, we can expect AI to be infused in every part of the business. This rapidly evolving field has pioneers, policy shapers, and practitioners that will transform industries,' said R 'Ray' Wang, founder and CEO at Constellation Research. 'The AI150 is our attempt to identify a small slice of the innovators and change agents that are making substantial contributions to the advancement of this revolution." Fueled by nominations from peers, industry thought leaders, technology vendors, and analysts, the six-month selection process for the AI150 list identified the executives leading real change. Each honoree showcases a deep understanding of how digital and exponential technologies are reshaping the business landscape and is actively steering their organization to thrive amid this ongoing transformation and beyond. 'In the era of digital transformation, the Chief AI Officer is not just a role but a catalyst for innovation, driving the corporate revolution with the power of artificial intelligence,' said Mark Minevich, global AI strategist, a president of Going Global Ventures and strategic partner to Mayfield Venture Capital. The full listing can be found here: About FICO FICO (NYSE: FICO) powers decisions that help people and businesses around the world prosper. Founded in 1956, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. FICO holds more than 200 US and foreign patents on technologies that increase profitability, customer satisfaction and growth for businesses in financial services, insurance, telecommunications, health care, retail and many other industries. Using FICO solutions, businesses in more than 80 countries do everything from protecting 4 billion payment cards from fraud, to improving financial inclusion, to increasing supply chain resiliency. The FICO® Score, used by 90% of top US lenders, is the standard measure of consumer credit risk in the US and has been made available in over 40 other countries, improving risk management, credit access and transparency.
Yahoo
10-06-2025
- Business
- Yahoo
Dr. Scott Zoldi Named in Constellation Research's AI 150 List
FICO Chief Analytics Officer recognized as a changemaker shaping the future of AI and digital transformation BOZEMAN, Mont., June 10, 2025--(BUSINESS WIRE)--FICO (NYSE: FICO) Global analytics software company, FICO celebrates its chief analytics officer Dr. Scott Zoldi for being recognized by Constellation Research on its 2025 Artificial Intelligence (AI) 150, an elite list of executives leading AI transformation efforts around the globe. In just a short span, the rise of AI has sparked a wave of disruption and innovation across every industry. Leaders have been quick to harness this momentum, using AI to fast-track transformation and amplify their strategic influence. Responsible for AI and analytic innovation across FICO's products and technology solutions, Dr. Zoldi is listed as an inventor on 103 patents, in collaboration with other data and analytic scientists, and is also named on an additional 40+ patent applications in process. Selection in the AI150 is an accomplishment that recognizes Dr. Zoldi's ability to continually invent and operationalize key AI innovation and reflects FICO's position as an Industry leader promoting the Responsible use of AI. "It is an honor to be recognized as one of the AI150, the industry's most influential AI executives driving AI transformation across various industries," said Dr. Scott Zoldi, chief analytics officer at FICO. "We are living through the Golden Age of AI, and it is imperative for enterprises to innovate and operationalize at scale. AI is a powerful transformative tool, and innovation, AI development standards, AI blockchain governance, and expertise in AI operationalization can ensure AI technology provides meaningful scalable impact and precise decisions for business around the world." "In the Age of AI, we can expect AI to be infused in every part of the business. This rapidly evolving field has pioneers, policy shapers, and practitioners that will transform industries," said R "Ray" Wang, founder and CEO at Constellation Research. "The AI150 is our attempt to identify a small slice of the innovators and change agents that are making substantial contributions to the advancement of this revolution." Fueled by nominations from peers, industry thought leaders, technology vendors, and analysts, the six-month selection process for the AI150 list identified the executives leading real change. Each honoree showcases a deep understanding of how digital and exponential technologies are reshaping the business landscape and is actively steering their organization to thrive amid this ongoing transformation and beyond. "In the era of digital transformation, the Chief AI Officer is not just a role but a catalyst for innovation, driving the corporate revolution with the power of artificial intelligence," said Mark Minevich, global AI strategist, a president of Going Global Ventures and strategic partner to Mayfield Venture Capital. The full listing can be found here: About FICO FICO (NYSE: FICO) powers decisions that help people and businesses around the world prosper. Founded in 1956, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. FICO holds more than 200 US and foreign patents on technologies that increase profitability, customer satisfaction and growth for businesses in financial services, insurance, telecommunications, health care, retail and many other industries. Using FICO solutions, businesses in more than 80 countries do everything from protecting 4 billion payment cards from fraud, to improving financial inclusion, to increasing supply chain resiliency. The FICO® Score, used by 90% of top US lenders, is the standard measure of consumer credit risk in the US and has been made available in over 40 other countries, improving risk management, credit access and transparency. Learn more at Join the conversation at & For FICO news and media resources, visit FICO is a registered trademark of Fair Isaac Corporation in the U.S. and other countries. View source version on Contacts Julie Huangpress@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNBC
09-06-2025
- Business
- CNBC
Apple WWDC kicks off today. Here's what developers are looking for
Ray Wang, Constellation Research founder, joins 'Money Movers' to discuss Apple as the stock is on a decline ahead of its WWDC event today.
CNBC
30-05-2025
- Business
- CNBC
Google is ahead on AI, so we're not dovish the stock, says Constellation's Ray Wang
Ray Wang, Constellation Research principal analyst and founder, joins 'Money Movers' to discuss Apple, Alphabet and the outlook for the other 'Mag 7' stocks.
