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Lenovo's latest report, the 'CIO Playbook 2024-It's all
about Smarter Al', unveils significant trends in Artificial Intelligence (AI)
adoption among Chief Information Officers (CIOs) in India and across the
Asia-Pacific (AP) region. The report, based on a survey of over 900 CIOs,
highlights the growing importance of AI in driving business strategies and
enhancing customer experiences.
According to the report, a staggering 95 per cent of Indian
CIOs consider Al as critical for business success in 2024, with 28 per cent
already investing in GenAl technologies. This reflects a substantial shift in
CIO priorities, with Al emerging as the top technology focus, surpassing
revenue and profit growth objectives. Customer experience and satisfaction have
also surged in priority, indicating a strategic shift towards innovation and
customer-centric approaches.
"The way technology is being used in India is amazing.
One of my colleagues fell sick, we had to get him a doctor. In most places,
it'd take at least an hour. But here, in just 10 minutes he saw a doctor
digitally and another 10 minutes later, he got medicines delivered. At the end
of the day, everything is technology. Around Al, we're seeing a lot of
developments in India, the start-up capital of the world." Sumir Bhatia,
President. Asia Pacific, Lenovo Infrastructure Solutions Group, told Republic
Business.
Amit Luthra, Managing Director of Lenovo ISG India, stressed
the confidence Indian CIOs have in Al, noting that 57 per cent view it as a
game-changer for their organisations. The increased investments in GenAl.
machine learning, and deep learning systems underscore a commitment to
enhancing operational efficiency, security. decision-making processes, and
customer experiences.
GenAI investments are particularly significant in India and
Korea, leading the Asia Pacific region, followed by other markets. Indian CIOs
are leveraging AI technologies for cybersecurity, threat detection, intelligent
automation, and robotics to boost efficiency. However, challenges such as
dependence on third-party support, security concerns, and job security issues
hinder widespread adoption.
The report also highlights the preference among AP CIOs,
with 69 per cent favouring non-public cloud environments for Al workloads. This
balanced approach to workload deployment includes a mix of public, private, and
hybrid cloud solutions, reflecting the growing importance of edge computing.
Scott Tease, Vice President of HPC & Al at Lenovo, emphasised the
significance of edge implementations in bringing Al capabilities closer to data
sources.
Sumir Bhatia reiterated Lenovo's commitment to democratising
AI through pocket-to-cloud solutions and an ecosystem of partners. Bhatia
emphasised the importance of addressing key challenges such as data management,
security, and skills development to drive Al adoption across industries.
The report also sheds light on the talent gap in Al-related
positions, with 45 per cent of AP and Indian enterprises struggling to hire
skilled professionals. To bridge this gap, organisations are increasingly
focusing on upskilling existing employees and internal solutions.
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INDUSTRIAL PRODUCTS FINDER (IPF) is India’s only industrial product portal. Referred to as the ‘Bible’ of the manufacturing sector in India,
INDUSTRIAL PRODUCTS FINDER (IPF) is India’s only industrial product portal. Referred to as the ‘Bible’ of the manufacturing sector in India,
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