Friday, 24 March, 2023

AI spending to increase by 10% in three years among Indian firms: Report

<p>In India, about 87%&nbsp;of businesses expect to grow&nbsp;annual spending on artificial intelligence (AI) by more than 10%&nbsp;over the next three years. Around 80% of businesses in the nation already use at least one AI model, demonstrating a high level of AI/ML (machine learning) adoption among businesses. 64%&nbsp;of providers also use AI/ML as a fundamental component in many of their solutions. Concerns related to data security, infrastructure, etc&nbsp;continue to be significant barriers.</p>