Artificial Intelligence to more than double the rate of innovation in India by 2021 - Express Computer

By 2021, Artificial Intelligence (AI) will more than double the rate of innovation at organizations (x2.2 times) and employee productivity (x2.3 times) in India, according to the country's business leaders. The study by Microsoft and IDC Asia/Pacific – 'Future Ready Business: Assessing Asia Pacific's Growth Potential Through AI – surveyed 200 business leaders and 202 workers in India. The findings were released by Rohini Srivathsa, National Technology Officer, Microsoft India and Ranganath Sadasiva, Director, Enterprise, IDC, in the presence of Girish Nayak, Chief – Service, Operations & Technology, ICICI Lombard General Insurance Company Ltd. The survey – conducted with 1,560 business decision makers in mid and large-sized organizations across 15 economies in the region – highlights that while 77% of business leaders polled agreed that AI is instrumental for their organization's competitiveness, only one-third of organizations in India have embarked on their AI journeys. Those companies that have adopted AI expect it to increase their competitiveness by 2.3 times in 2021.