The era where we are witnessing a technological revolution as it unveils itself through the vessel of AI. India is leading in the number of adoption of AI globally as the IT sector is heavily incorporating such technology. Recent reports reflect that this rapid growth has raised expectations for investments towards Gen AI in the upcoming 2-3 years.
The report released on Monday about Gen AI by Elastic which is a search Analytic firm took insights from 3200 IT decision makers and influencers. The entire data was collected covering sectors in the US, Europe, and Asia-Pacific. 1200 surveys were done around the Asia Pacific region and Japan region, including 300 from India.
The report says that Indian organizations have clearly, taken the lead in the adaptation of AI technology. 81% of the organizations present in India have already implemented Gen AI.
With this rise in the usage of AI technology, the report predicts that investment trends in recent future will be promising. Respondents as much as 94 percent have shown interest in the investment area of AI and anticipating huge increments in investments.
Though the future seems promising there is another side of the coin which is concerning. The report says that 99% of the respondents are concerned about their data security and how the data will be handled. The cooperation of the organizations and Gen AI must safeguard the sensitive data. The business spectrum is promising and efficiency is on the rise!
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