According to an IBM report, 59% of Indian businesses have actively embraced AI technologies, placing India among the nations with the greatest use of AI. Early adopters are setting the standard, according to the “IBM Global AI Adoption Index 2023,” which was carried out by Morning Consult on behalf of IBM. Over the last 24 months, they have boosted their spending in AI in areas like personnel reskilling and research and development. The survey discovered that recruiting workers with the necessary skills and ethical issues are still major obstacles to the widespread deployment of AI. As a result, solving these issues would be top priority in 2024.
“The increase in AI adoption and investments by Indian enterprises is a good indicator that they are already experiencing the benefits of AI,” said Sandip Patel, managing director of IBM India & South Asia. Nevertheless, as many companies are reluctant to go beyond testing and implement AI on a large scale, there is still a great chance to accelerate.
Data and AI governance tools will be essential for developing AI models that businesses can rely on and confidently implement in order to realise AI’s full potential in the upcoming months. Without governance tools, AI can put businesses at risk for ethical challenges, legal troubles, and data privacy violations—issues that have already plagued many throughout the globe, the speaker continued.
The IBM study also discovered that large organisations’ usage of AI has not changed over the past few years. Approximately 59% of IT specialists working for large companies claim to have actively used AI, and another 27% are actively investigating its use. In a similar vein, about 6 out of 10 IT experts working for large companies stated that their organisation is actively deploying generative AI, while 34% are just investigating it.
The report went on to show that 74% of IT professionals working for organisations that are implementing or investigating AI say that their organisation has increased its investments in AI deployment over the last 24 months, particularly in areas like R&D (67%), workforce reskilling (55%), development (55%), and creating proprietary AI solutions (53%).
The report went on to say that the demand for cost savings and process automation, along with more user-friendly AI solutions, are what motivate surveyed organisations to adopt AI. The absence of platforms and tools for creating AI models is another major obstacle to AI adoption in India, according to the report, with the skills gap continuing to be the biggest obstacle. In addition, it stated, many discovered that there were ethical issues and an excessive amount of data complexity with AI initiatives, making them too complex or challenging to scale and integrate.
