India leads Artificial Intelligence (AI) adoption with 30 per cent of companies in the country having maximised AI’s value potential — surpassing the global average of 26 per cent, according to a report.
The report from Boston Consulting Group (BCG) showed that Indian companies prioritise fewer, high-impact AI initiatives, scaling these efforts 1.7 times more effectively than others. These companies achieved a remarkable 2.1x Return on Investment (ROI) compared to global peers.
With 100 per cent of companies actively experimenting with AI, India stands out for its readiness to harness AI’s potential, revealed the report based on a comprehensive survey of 1,000 CxOs and senior executives from over 20 sectors, spanning 59 countries in Asia, Europe, and North America, and covering ten major industries.
The report showed that even with the widespread implementation of AI programmes across industries, only 26 per cent of companies globally developed the necessary set of capabilities to move beyond proofs of concept and …