India is at the forefront of embracing new AI technologies, with an adoption rate of 30% compared to the global average of 26%. A study by the Boston Consulting Group (BCG), referenced by ANI News, reveals that sectors such as fintech, software, and banking in India are investing heavily in AI to boost their revenue.
Research Insights
The report titled "Where's the value in AI?" is founded on insights from 1,000 Chief Experience Officers and senior executives across 20 industries, covering 59 countries in Asia, Europe, and North America. It highlights that only 4% of businesses worldwide can consistently create value through AI technologies. Moreover, 22% have implemented an AI strategy, while almost 74% have yet to see any real benefits from their investments in this area.
Expert Opinions
In an interview with ANI News, Saibal Chakraborty, the head of technology and Digital Advantage Practice at BCG in India, mentioned that the country's use of AI is "transforming its competitive stance on the global stage," with 30% of Indian firms fully realizing AI's value potential, which is above the global average of 26%.
Chakraborty also noted that "India is unique in its willingness to leverage AI's capabilities" and believes that "the country is in a strong position to not just adopt AI but also to generate significant and measurable outcomes."
