Indian Companies are Investing in AI for the Long Term, Intend to Use Open-Source Tools to Drive ...
New
research commissioned by IBM found that companies surveyed are investing in AI
for the long term, with a growing interest in using open-source tools to drive
ROI and innovation going forward.
The study of IT
decision makers (ITDMs), conducted by Morning Consult and developed in
collaboration with Lopez Research, revealed that 87% of Indian respondents
report making significant progress in executing their 2024 AI strategy, with
76% already seeing positive ROI from their AI investments. In addition, Indian
companies are experimenting with AI to find new uses cases as 89% of those
surveyed said that their companies have started more than 10 pilots in 2024.
Moving
forward, 93% of Indian respondents indicate they will increase their AI
investments in 2025, while 71% are planning to leverage open-source ecosystems
to optimize their AI implementations. The data also confirms that having the
right tools and strategy in place for responsible AI will be key to scaling its
implementation in 2025 as governance becomes the top concern for those surveyed
from India. Implementing responsible AI practices require a holistic, end-to-end
approach that addresses various stages of AI development and deployment that
prioritizes explainability, fairness, robustness, transparency and privacy.
“India
is rapidly embracing AI with a clear focus on driving innovation and ROI. The
growing use of open-source AI tools is crucial for improving productivity and
financial returns. However, it's clear that this technology needs to be
leveraged responsibly if we are to scale its use,” said Sandip Patel, Managing
Director, IBM India & South Asia. “At IBM, we're committed to empowering
businesses with solutions across the full AI stack to capitalize on the AI
opportunity, with an approach based on transparency, trust and choice,” he
added.
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