Monday, 08 August 2022

 

 

LATEST NEWS Watch the Indian Television Premiere of the Hollywood blockbuster Punjabi dubbed movie Spider-Man No Way Home on 21st August 2022 at 1 pm only on Zee Punjabi Hardeep Grewal’s Transformation In The Upcoming Film 'Batch 2013’ Will Blow Your Mind Abhishek Bachchan to be awarded with the Leadership in Cinema Award at IFFM 2022 Jannat 2 Deana Dia raises mercury levels in a bikini as she holidays in Dubai Bhagwant Mann Vehemently Presents Case Of Punjab Farmers In Niti Ayog, Bats For Msp As A Legal Guarantee Royal Enfield Hunter 350 Launched At Affordable Price, Check Out Amazing Looks Inside Wouldn’t show any leniency against perpetrators of illegal mining : Harjot Singh Bains Shehnaaz Gill Backed Out Of Salman Khan’s Kabhi Eid Kabhi Diwali? Know The Reason Bulletin on COVID-19: JK reports 708 fresh positive cases, 459669 recovered Azadi ka Amrit Mahotsav-Har Ghar Tiranga: Cultural Programme organised at NM Higher Secondary Bandipora R&B team inspects developmental works in Banihal 8th National Handloom day celebrated at Udhampur Dr. Jitendra Singh launches book of young author titled 'Rusty skies and Golden Winds’ at Jammu Azadi ka Amrit Mahotsav : "Eat Right Walkathon, Eat Right Mela organised at Vijaypur Samba Har Ghar Tiranga : DC Mussarat Islam Ramban flags off Bike Rally from Maitra Directorate of Handicrafts & Handloom, Jawahar Lal Nehru Jammu celebrates 8th National Handloom Day 8th National Handloom Day celebrated at Kashmir Haat, Srinagar Mega Bangus Valley Mela concludes with colourful activities 3 Days Workshop on Departmental Disaster Management Plan Concludes at Baramulla Chaddi Mubarak reaches Mattan: People welcomed with great enthusiasm National Handloom Day celebrated at Kupwara

 

87% of Indian firms to hike their AI spend by 10% in 3 years: Report

Technology, New Delhi, Artificial Intelligence, AI, Indian Firms

Web Admin

Web Admin

5 Dariya News

New Delhi , 28 Jun 2022

Nearly 87 per cent of enterprises in India are likely to increase annual artificial intelligence (AI) spending by more than 10 per cent in the next three years, a new report showed on Tuesday.Approximately 80 per cent of enterprises in the country have at least one AI model in production, indicating an extensive penetration of AI/machine learning (ML) across enterprises.

Within providers, too, 64 per cent have AI/ML as a core element for many of their products, as against 56 per cent of their global counterparts, according to the report by Bain & Company's, in collaboration with Microsoft and the Internet and Mobile Association of India (IAMAI).

"While the availability of data and cloud-based infrastructure have aided AI adoption, concerns related to data security, infrastructure, and management continue to be the most significant barriers for enterprises," said Velu Sinha, Partner, Bain & Company and co-author of the report.

The report was launched by Amitabh Kant, CEO, NITI Aayog, in the presence of top executives from the companies.The thrust in AI adoption for enterprises is maximum in sectors such as communication, over-the-top (OTT) and gaming, technology, and financial services.

Further, more than 90 per cent of the digital native companies in consumer packaged goods (CPG) and retail and financial services have demonstrated AI/ML adoption.Nearly 94 per cent of AI adopters are likely to increase the share of AI/ML-based applications in the upcoming three years, said the report.

Cloud platforms and internet of things (IoT) providers emerge ahead among the other segments of providers on the 'AI Maturity Index'.More than 80 per cent of the AI/ML features introduced by cloud platforms in India reached production scale and exceeded the expected gains.

"AI offers a huge canvas for enabling homegrown innovation and we have an opportunity to make AI work at scale for India, enabling investment, job creation and inclusion for all," said Rohini Srivathsa, National Technology Officer, Microsoft India.

While Indian enterprises are keen to build their AI/ML models in-house, they exhibit a preference to buy the scale cloud infrastructure and AI work benches, which helps them to experiment at will on an elastic compute-storage enablement, the report mentioned.

"As the AI landscape is rapidly maturing in India, companies need to understand how to leverage AI to drive business value," said Dr Shubo Ray, President, IAMAI.

 

Tags: Technology , New Delhi , Artificial Intelligence , AI , Indian Firms

 

 

related news

 

 

 

Photo Gallery

 

 

Video Gallery

 

 

5 Dariya News RNI Code: PUNMUL/2011/49000
© 2011-2022 | 5 Dariya News | All Rights Reserved
Powered by: CDS PVT LTD