IBM report says over 60% Indian and Chinese companies use AI

A recent IBM report suggests that more than 60% of the companies in India and China use artificial intelligence (AI) in some parts of their business operations. 

As companies across the globe are adopting a digital approach to their operations, the deployment of technology has drastically increased over the past few years. 

This report is yet another proof of how companies have gained confidence in new-age technologies like artificial intelligence. According to IBM’s report, global AI usage is continuously increasing, with 35 percent of organizations utilizing AI in their operations. 

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This surge was attributed to corporations seeing the usefulness of AI as they emerged from the challenges of the Covid-19 pandemic while dealing with manpower and skills shortages, as per Morning Consult’s “Global AI Adoption Index 2022.” 

The report mentioned, “Chinese and Indian companies are leading the way, with nearly 60 percent of IT professionals in those countries saying their organizations already actively use AI, compared with lagging markets like South Korea (22 percent), Australia (24 percent) the US (25 percent) and the UK (26 percent).” 

Morning Consult carried out the survey on behalf of IBM between March 30 and April 12, 2022, where samples of more than 7000 senior business decision-makers with some influence over their company’s IT decisions were collected. The data included 500 respondents from the United States, the United Kingdom, France, Germany, Spain, Italy, China, India, Singapore, Australia, Canada, the United Arab Emirates, South Korea, and 1,000 respondents from Latin America. 

The survey results found that over half of IT professionals in India working for organizations exploring or adopting AI indicate their companies plan to spend on R&D, proprietary AI solutions, reskilling, and workforce development in the coming year. 

“Adoption is being driven by advances that make AI more accessible for companies (50 percent), and the increasing amount of AI embedded into standard off the shelf business applications (46 percent),” mentioned the report.