According to the BCG report, 26 per cent of global companies utilise AI. Fintech, software, and banking sectors are increasingly using AI in their operations. Meanwhile, India is leading in Artificial Intelligence (AI) adoption as 30 per cent of Indian companies are maximising value through the use of such emerging technology.
New Delhi: A new research by Boston Consultancy Group (BCG) pegged that India is leading in Artificial Intelligence (AI) adoption as 30 per cent of Indian companies are maximising value through the use of such emerging technology.
According to the BCG report, 26 per cent of global companies utilise AI. Fintech, software, and banking sectors are increasingly using AI in their operations.
The BCG report claimed that after years of investing, hiring talent, and launching pilots in artificial intelligence (AI), CEOs are now seeking tangible returns from the technology. In the same breath, the report said realizing its full value remains difficult.
According to the research, only 26 per cent of companies have developed the necessary set of capabilities to move beyond proofs of concept and generate tangible value even with the widespread implementation of AI programs across industries.
The report, titled ‘Where’s the Value in AI?’, was based on a survey of 1,000 Chief Experience Officers (CxOs) and senior executives from over 20 sectors, spanning 59 countries in Asia, Europe, and North America, and covering as many as ten major industries.