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India leads global AI adoption at 30%, surpassing average: BCG
Industry News- Nov 13,24
The report, based on a survey of 1,000 executives across 59 countries and 20 sectors, reveals that 74% of companies globally have yet to see tangible returns from AI.
India is leading in artificial intelligence (AI) adoption, with 30% of companies leveraging AI for maximum value, surpassing the global average of 26%, according to a recent report by Boston Consulting Group (BCG). Key sectors such as fintech, software, and banking are among those increasingly integrating AI into their operations.
After years of investing in AI talent and pilot projects, CEOs are now focused on achieving measurable returns from AI initiatives. However, BCG’s report, Where's the Value in AI?, indicates that only 26% of companies worldwide have developed the necessary capabilities to move beyond pilot programs and drive real value, with just 4% reaching advanced AI implementation across functions to consistently generate significant outcomes.
The report, based on a survey of 1,000 executives across 59 countries and 20 sectors, reveals that 74% of companies globally have yet to see tangible returns from AI. In contrast, India stands out with all surveyed companies actively experimenting with AI, showing a high readiness to unlock its potential.
"India’s swift AI adoption is enhancing its global competitive edge, with 30% of companies realizing AI’s value—exceeding the global 26%," noted Saibal Chakraborty, India Leader, BCG. India’s AI maturity spans both traditional and digital sectors, pushing beyond productivity to create new business models. This broad-based adoption positions India not only as a leader in AI usage but also in generating substantial, measurable impact through the technology.
(NDTV)
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