Advertisement New Delhi [India], March 2 (ANI): Spending on Artificial Intelligence (AI) technologies will grow at 2.2x the rate of overall digital technology spending in the next three years, generating an India economic impact of over USD 115 billion by the end of 2027, according to a latest report by International Data Corporation (IDC). IDC further predicts that by 2027, company executives would expect their GenAI projects to have at least a 70 per cent success rate in order to boost operational effectiveness and generate new income. "Planned investment in all types of AI is rising at levels much faster than overall digital technology investment. Strategies at leading digital business organizations are focusing heavily on AI so much so that AI transformation and digital business are locked at the hip. Although digital transformation remains foundational to India’s digital journey, AI is clearly leading the charge as a high-growth priority," Neha Gupta, senior research manager, Digital Business and AI Strategies, IDC India. Advertisement As digital transformation becomes core to the business strategy, 40 per cent of IT leaders will rise as business leaders by 2027, aligning people, operations, and business models with digital technologies, according to the Worldwide Digital Business […]
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