Microsoft – IDC Study: Artificial Intelligence to more than double the rate of innovation in India by 2021 - Microsoft News Center India

By 2021, Artificial Intelligence (AI) will more than double the rate of innovation improvements (x2.2 times) and employee productivity gains (x2.3 times) in India, according to the country's business leaders. The study from Microsoft and IDC Asia/Pacific, Future Ready Business: Assessing Asia Pacific's Growth Potential Through AI[1] surveyed 200 business leaders and 202 workers in India. 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. "Today, every company is a software company, and increasingly, every interaction is digital. To be successful in this new world, organizations need to be fast adopters of best-in-class technology, including AI. In addition, they need to start building their own unique digital talent and ensure that all of this is based on trust and security," said Dr. Rohini Srivathsa, National Technology Officer, Microsoft India.