Artificial intelligence no longer a fringe tech in India: report

Artificial Intelligence (AI) is no longer a fringe technology in India. Although penetration in application is relatively low, the AI market in the country is witnessing a broad-based awareness and adoption among both enterprises and providers, according to a latest report by Bain & Company. Though organisations in India are deploying AI tools and solutions in some form or the other over a period of time, the adoption rate has seen a spurt in recent times. "About 80 per cent of enterprises have at least one AI model in production, indicating an extensive penetration of AI/Machine Learning (ML)," the survey, conducted in association with Microsoft and Internet and Mobile Association of India (IAMAI), said. "Providers in India are either ahead of or on par with their global counterparts when in it comes to AI capability on scale implementations," it added.