India Leads AI Adoption with 80% Firms Embracing It as Strategic Priority
CIOTechOutlook Team | Thursday, 16 January 2025, 05:04 IST
India is becoming a leader in adopting artificial intelligence, as 80% of firms identify AI as a key strategic focus; exceeding the global average of 75%, according to the most recent AI Radar report by Boston Consulting Group. The research indicates that Indian companies intend to make substantial investments, with 72% earmarking as much as $25 million for AI projects in 2025, whereas 16% aim to invest between $26-50 million, positioning India as a leading global spender in AI technology.
Among major global markets, India is positioned above many developed nations in projected AI investments for 2025, with only Japan (53%), the US (59%), and Singapore (63%) exhibiting lower proportions of firms intending to invest up to $25 million.
The greater percentage of Indian firms in this investment category (72%) suggests a broader adoption strategy throughout the corporate sector, although the share of companies intending to invest over $50 million is still considerably lower than that of global frontrunners.
The report, titled “From Potential to Profit: Closing the AI Impact Gap,” which surveyed 1,803 C-level executives across 19 markets and 12 industries, also highlights the growing attention towards autonomous agents; AI systems that achieve goals with minimal human input gaining significant traction as 67% of executives globally consider them for AI transformation.
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