A brand new analysis by the Boston Consulting Group (BCG) pegged India’s adoption of Synthetic Intelligence (AI) greater than the worldwide common. It additionally mentioned Indian corporations are maximising the usage of rising AI applied sciences.
International CEOs search tangible returns from AI know-how after years of investing, hiring expertise, and launching pilot programmes. (Consultant picture)(REUTERS)
The report, titled “Where’s the Value in AI?”, was based mostly on a survey of 1,000 Chief Expertise Officers (CxOs) and senior executives from over 20 sectors, spanning 59 nations in Asia, Europe, and North America. The analysis additionally coated as many as ten main industries.
“India’s swift adoption of AI is redefining its competitive edge globally, with 30 per cent of Indian companies having maximized AI’s value potential–surpassing the global average of 26 per cent… With 100 per cent of companies actively experimenting with AI, India stands out for its readiness to harness AI’s potential,” mentioned Saibal Chakraborty, India Chief, Expertise and Digital Benefit Apply, BCG.
The analysis discovered that the maturity of India’s AI leaders is broad-based and lower throughout each conventional and digital sectors. This might result in potential worth creation past typical tech-driven industries.
“As India’s AI leaders go beyond productivity to reshape and invent new business models, India is poised to lead not only in AI adoption but in generating substantial and measurable value,” mentioned Chakraborty.
Globally, AI adoption stands at 26%, with software program, fintech and banking adopting extra AI-based purposes in every day operations.
When it comes to features, simply 4% of corporations globally have developed cutting-edge AI capabilities which generate vital worth. Whereas 22% of corporations have applied an AI technique, 74% of them are but to indicate tangible worth from the usage of AI, in response to analysis.
The analysis notes that world CEOs search tangible returns from AI know-how after years of investing, hiring expertise, and launching pilot programmes. Nonetheless, realising the complete potential of such applied sciences stays tough.
Even after the widespread implementation of AI-based programmes throughout industries, the report notes that solely 26 per cent of corporations may transfer past proofs of idea and generate tangible worth.
(With ANI inputs)