One in three AI-using firms forgo some software buys: McKinsey
Source: The Times of India· Supriya Roy· August 27, 2026
SynaBot summary
A recent McKinsey report indicates that one-third of companies leveraging AI are reducing their software purchases. Instead, they are developing custom solutions internally, often utilizing AI coding agents to build these tools.
Key takeaways
- Companies are cutting software spending due to AI adoption.
- Internal development with AI coding agents is increasing.
- AI adoption is rising, but profit gains are inconsistent.
- Cost management remains a significant factor for AI initiatives.
Why it matters
Businesses are shifting towards custom AI solutions, potentially impacting the market for off-the-shelf software. For AI users, this means a growing availability of specialized internal tools and a potential need to adapt to in-house development workflows.
This story was reported by The Times of India. Read the full original article:
Read on The Times of India Try this on SynaBot
Related AI assistants, prompts, and tools from the SynaBot catalog.
