70% Indian Firms To Deploy AI By 2020: Intel - CXOtoday.com

A recent Intel India commissioned report, undertaken by the International Data Corporation (IDC) that surveyed 194 Indian organizations across sectors, unveiled an increasing appetite towards the adoption of Artificial Intelligence (AI), which in turn is expected to spike organization spends on this technology, over the next 18 months. Nearly 75% of the firms surveyed, anticipate benefits in business process efficiency and employee productivity with the use of AI, and 64% of the respondents believe that this technology can empower them in revenue augmentation through better targeting of offers and improved sales processes. While these present some great incentives for AI in India, the other side of the coin shows that 76% of the companies are or believe that they will face a shortage of skilled personnel to harness the power of AI. In this context, Prakash Mallya, Managing Director, Sales & Marketing Group, Intel India said, "We all talk about the opportunity that India presents for AI, but often the types of industries that will embrace AI, the challenges that AI can address, and the roadblocks in implementation, are vague. This research is a small step towards comprehending this knowledge, and enabling companies such as ours, shape strategy and move ahead in the right direction."