New Delhi: Nearly 91 percent of Indian companies will use half or more of their data to train artificial intelligence (AI) models in 2024, a new report said on Wednesday. According to intelligent data infrastructure company NetApp, India is ahead in AI and cloud innovation compared to its global counterparts. India is leading the way as an AI leader, with 70 percent of enterprises having AI projects underway or in progress. This is in sharp contrast to the global average of 49 percent.
“India is a country of huge data sets. It’s no surprise that India is leading the world and companies are adopting AI to drive their IT agenda,” said Punit Gupta, VP and MD, NetApp India/SAARC. The report surveyed 1,300 IT executives from key markets globally, including the US, UK, France, Germany, Spain, Australia, New Zealand, Japan, Singapore and India. According to the report, 60 percent of AI-leading countries like India, Singapore, Britain and the US have AI projects underway or in the pilot stage, while the figure is 36 percent in AI-laggarding countries, including Spain. Australia, New Zealand, Germany and Japan.
About 87 percent of Indian companies have adapted IT environments for AI, and some AI-lagging countries also have AI-ready IT environments, including Germany (67 percent) and Spain (59 percent). “Data-ready enterprises that connect and integrate broad structured and unstructured data sets into an intelligent data infrastructure are best positioned to win in the age of AI,” said Gabe Bocco, chief marketing officer, NetApp. Additionally, 53 percent of India-based companies are more likely to downsize or cut other parts of IT operations to make room for AI projects.
