INDIA'S HANDLING of artificial intelligence (AI) and generative AI has faced a storm of criticism in the first 18 months of the boom. However, a recent BCG study reveals a surprising trend: most markets do not see a majority of frontline employees regularly using GenAI for work. But India and the Middle East are notable exceptions, with usage rates of 85 per cent and 80 per cent, respectively, far surpassing the US (16 per cent) the UK (13 per cent), and the overall market average (43 per cent).
This trend extends to business leaders as well, with a majority reporting regular use of GenAI. India leads in this category at 93 per cent, followed by the Middle East (90 per cent), the US (84 per cent), the UK (83 per cent), with the overall average at 82 per cent.
India's current public AI efforts are being led by its IT industry which has come under the scanner for their slow GenAI adoption.
But they have been catching up fast and helping enterprises world over adopt AI and GenAI while training employees internally.
As the IT industry leader, TCS is spearheading AI efforts with over 300 active projects. It recently shared that its pipeline is close to the billion-dollar-mark. "At 300-plus, we have active projects on AI that's going on between pilots and production," says Krishna Mohan, VP & Deputy Head of AI.Cloud unit at TCS.
While these projects are not yet enterprise-wide, they are being implemented where immediate value and safety are ensured.
This story is from the July 27, 2024 edition of BW Businessworld.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the July 27, 2024 edition of BW Businessworld.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Gauging Trumponomics For India
Despite some shortto mediumterm headwinds in trade and immigration, the broader Indo-US vision of counterbalancing China’s influence is expected to ensure continued cooperation under Trump 2.0
Reflections on Consciousness and Creation
Indian-American DEEPAK CHOPRA on the nature of the universe, the digital fabric of existence, and the power of a conscious mind
MORE TAKE TO DRIVING IN STYLE
High-end luxury vehicles are no longer part of a niche market, but a rapidly expanding segment of automobile sales, driven by changing consumer preferences, rising disposable incomes and better infrastructure
India's Growing Affinity for Swiss Watches: A Luxury on the Rise
NDIA'S ROBUST ECONOMIC growth, projected to exceed 6 per cent in 2024 and 2025, is fostering a rising demand for aspirational products. As disposable incomes increase, particularly among the expanding middle class, luxury goods such as Swiss-made watches are gaining popularity.
An ENRiching Outlook
KPMG's latest report shows energy CEOs being optimistic about the sector's outlook. ANISH DE, Global Head, ENRC, KPMG speaks to BW Businessworld's Arjun Yadav on what's driving this confidence
Paving the Path to a Sustainable Future
Salesforce's ESG journey has made an impact beyond the company. SUNYA NORMAN, SVP of ESG Strategy and Engagement at Salesforce, shares more on how the tech giant integrates sustainability into its core operations, supporting global goals while empowering employees
LEADERSHIP TRANSITION AT XIAOMI INDIA
Xiaomi India is experiencing a leadership evolution, beginning with Muralikrishnan B's departure as President by the end of 2024. This change underscores Xiaomi's shift towards nurturing local talent amidst dynamic global shifts. The story tracks key transitions from Manu Kumar Jain's leadership to Muralikrishnan B's impactful tenure, along with recent strategic hires, highlighting Xiaomi's alignment towards market adaptability and consumer focus
WEAVING SUSTAINABILITY
Once a modest home textile manufacturer, Jindal Worldwide has evolved into a vertically integrated textile powerhouse, spanning critical segments of the yarn and fabric value chain
FORCE FOR GOOD
FY24 saw capacity expansions for Century Enka in nylon and polyester segments, along with investments in modernisation, renewable energy, and safety initiatives
REIMAGINING TOMORROW
For V-Guard, tomorrow signifies progress, driven by today's actions, setting the foundation for future growth and value creation for all stakeholders