India's Artificial Intelligence spending will grow from $300.7 million in 2019 to $880.5 million in 2023 at a compound annual growth rate (CAGR) of 30.8 per cent, said an International Data Corporation (IDC) report on Wednesday. As per IDC's 2020 COVID-19 Impact Survey, half of India enterprises plan to increase their AI spending this year. However, data trustworthiness and difficulty in selecting the right algorithm, are some of the top challenges that hold organisations back from implementing AI technology, according to the new report titled "India Artificial Intelligence Market, 2020." The report also explores the businesses' approach across the core AI pillars including, strategy, culture, data, skills, and ethics. "COVID-19 is pushing the boundaries of organisations' AI lens. Businesses are considering investments in intelligent solutions to tackle issues associated with business continuity, labour shortage, and workspace monitoring," said Rishu Sharma, Principal Analyst, Cloud and AI at IDC in India.