India is currently leading the adoption of new AI technologies with 30% compared to a global average of 26%. According to research conducted by the Boston Consulting Group (BCG) (via ANI News), a worldwide consulting firm, fintech, software and banking sectors in India are betting on AI to maximize revenue.
The report "Where's the value in AI?" is based on testimonies from 1000 Chief Experience Officers and senior executives from 20 sectors and spans 59 counties in Asia, Europe and North America.
Only 4 per cent of companies worldwide have the capability and technology to generate consistent value through AI. 22 per cent of companies have adopted an AI strategy, and nearly 74 per cent have yet to show any tangible value from investments.
Speaking with ANI News, Saibal Chakraborty, India head of technology and Digital Advantage Practice at BCG, says India's 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."
Chakraborty says, "India stands out for its readiness to harness AI's potential" and thinks that "India is poised to lead not only in AI adoption but in generating substantial, and measurable value."
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