RT team
Artificial Intelligence (AI) has become a cornerstone of digital transformation across various industries, with India emerging as a global leader. According to NetApp’s Cloud Complexity Report, 70% of Indian companies are actively engaged in AI projects, significantly outpacing the global average of 49%. This emphasis on AI is also evident as 91% of these companies plan to use more than half of their data for training AI models in 2024.
Gabie Boko, the Chief Marketing Officer at NetApp, asserts that enterprises prepared to integrate and leverage extensive datasets into their operations are poised to excel in this AI-driven era. The report highlights a stark contrast in AI adoption rates between leading countries like India, Singapore, the UK, and the US, and those lagging behind, such as Spain and Japan, where only 36% and 17% of companies, respectively, have committed to AI projects.
Sector-wise, technology leads with 70% of AI projects in active phases, followed by banking, financial services, and manufacturing. However, healthcare and media & entertainment lag behind, with 38% and 25% participation in AI initiatives, respectively.
Despite challenges in IT costs and security, companies are reshaping budgets to prioritize AI, with 53% of Indian firms considering cost reallocations for AI investments. Furthermore, 71% of Indian enterprises cite cybersecurity as a major hurdle in managing complex data across cloud environments.
Puneet Gupta of NetApp India/SAARC highlights India’s vast data sets as a critical advantage in leading AI advancements globally. The tangible benefits from AI include increased production rates, automation of routine tasks, and enhanced customer experiences, showcasing AI’s transformative impact on business operations.
