All Indian firms plan to boost investments in Gen AI: NTT study

A recent study by NTT DATA reveals that Indian organisations are planning to increase investments in generative artificial intelligence (GenAI). 

This shift marks a transition from initial experimentation to a focus on long-term use cases aimed at enhancing business performance, compliance and safety. Globally, 99% of organisations surveyed indicated similar plans to boost GenAI investments, according to the digital services and IT integrator firm’s report.

The findings are based on a comprehensive survey involving over 2,300 IT and business leaders across 34 countries, including India. 

The study highlighted that 67% of organisations in India have already set up dedicated teams for GenAI, compared to 83% of global organisations. This indicates that while India is making significant strides in embracing GenAI, there is still a gap when compared to global counterparts.

The surge in interest and investment comes after the widespread adoption of generative AI technologies like OpenAI’s ChatGPT, backed by Microsoft. These tools have shown their potential in revolutionising various business processes. Globally, top use cases include personalised service recommendations, knowledge management, quality control, and research and development (R&D). 

In India, the focus areas for GenAI applications are slightly different, prioritising quality control, risk assessment and fraud detection, as well as personalised service recommendations and knowledge management process automation.

“The future is clear. Generative AI is more than just another tool – it’s a transformative force,” Yutaka Sasaki, President and CEO of NTT DATA Group said. “As we move beyond experimentation, a tension emerges: move too slow and we fall behind. Getting GenAI right isn’t optional. That’s why we’re providing a blueprint to help our clients harness its potential for lasting success.”

The survey also revealed that two-thirds of C-suite respondents in India believe that GenAI will significantly enhance competitiveness, accelerate innovation, ensure compliance, improve security, and ultimately increase revenue.

However, there are notable barriers to the widespread adoption of GenAI. These include the need for extensive user training, concerns over the safety and security of GenAI solutions, limited perceived value among some users, and a general lack of awareness about GenAI capabilities.

“This is a powerful point in world history as GenAI is shaping up to be a huge force in our tech-enabled economy,” Abhijit Dubey, CEO of NTT DATA, said.

 » Read More

Related Articles

BluSmart denies reports of acquisition discussions with Uber

EV cab aggregator BluSmart has denied reports of being in discussions or negotiations with Uber regarding a possible acquisition. A spokesperson from BluSmart told CNBC TV18 that reports suggesting such a development are entirely speculative and unfounded.  The company spokesperson further maintained that BluSmart remains focused on scaling its operations, expanding its footprint, and driving

Welspun Corp bags new orders worth Rs 2,400 crore for supply of coated pipes in the US

Welspun Corp Ltd on Monday announced that it has received a new order worth Rs 2,400 crore (approx) in the US. The order, it added, is for supply of coated pipes for Natural Gas Pipeline Projects in the USA.  In a regulatory filing, the company said that the orders will be executed largely during FY26

Can the Nifty scale past 23,000 this week? A look at key levels to watch

All eyes are on the market levels this week after the Nifty failed to close above 22,500 last week. Positive global cues are expected to boost sentiment. Market participants have noted that the Nifty 50 needs to jump above the 22,500 mark decisively for an uptrend as this has become a key resistance level while

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

BluSmart denies reports of acquisition discussions with Uber

EV cab aggregator BluSmart has denied reports of being in discussions or negotiations with Uber regarding a possible acquisition. A spokesperson from BluSmart told CNBC TV18 that reports suggesting such a development are entirely speculative and unfounded.  The company spokesperson further maintained that BluSmart remains focused on scaling its operations, expanding its footprint, and driving

Welspun Corp bags new orders worth Rs 2,400 crore for supply of coated pipes in the US

Welspun Corp Ltd on Monday announced that it has received a new order worth Rs 2,400 crore (approx) in the US. The order, it added, is for supply of coated pipes for Natural Gas Pipeline Projects in the USA.  In a regulatory filing, the company said that the orders will be executed largely during FY26

Can the Nifty scale past 23,000 this week? A look at key levels to watch

All eyes are on the market levels this week after the Nifty failed to close above 22,500 last week. Positive global cues are expected to boost sentiment. Market participants have noted that the Nifty 50 needs to jump above the 22,500 mark decisively for an uptrend as this has become a key resistance level while

Upcoming Dividend, Bonus, Stock Split: From PFC to IRFC, A look at key corporate action this week

For stock market investors, few things are as exciting as corporate rewards such as dividends landing in their accounts, extra shares through bonuses, or stock splits making pricey stocks more affordable. And this week, there is a lot happening on that front. Some of the most watched stocks include Indian Railway Finance Corporation (IRFC), Power

Upcoming IPOs: 1 mainboard, 3 SME issues open for subscription this week, 2 new listings to hit the market

The IPO market is back in action. After a relatively quiet spell, the primary market is heating up again with four new public issues set to open for subscription this week. Investors can look forward to one mainboard IPO and three SME IPOs hitting the Street, while two recently concluded issues will make their market