India leads in AI adoption at 30%, surpassing global average of 26%: BCG report

India is leing in Artificial Intelligence (AI) option, according to new research by Boston Consulting Group (BCG), which pegged that 30 per cent of Indian companies are maximising value through use of such emerging techlogy. According to BCG report, 26 per cent of global companies utilise AI. Fintech, software, and banking sectors are increasingly using AI in ir operations.

After years of investing, hiring talent, and launching pilots in artificial intelligence (AI), CEOs are w seeking tangible returns from techlogy, said report. In same breath, report said realizing its full value remains difficult.

Even with widespre implementation of AI programs across industries, only 26 per cent of companies have developed necessary set of capabilities to move beyond proofs of concept and generate tangible value, according to new BCG research.

report, titled 'Where's Value in AI?', was based on a survey of 1,000 Chief Experience Officers (CxOs) and senior executives from over 20 sectors, spanning 59 countries in Asia, Europe, and rth America, and covering as many as ten major industries.

While just 4 per cent of companies globally have developed cutting-edge AI capabilities across functions and consistently generate significant value, an ditional 22 per cent have implemented an AI strategy.
74 per cent per cent of companies have yet to show tangible value from ir use of AI, said report.

"India's swift option of AI is redefining its competitive edge globally, with 30 per cent of Indian companies having maximized AI's value potential--surpassing global aver of 26 per cent... With 100 per cent of companies actively experimenting with AI, India stands out for its reiness to harness AI's potential," said Saibal Chakraborty, India Leer, Techlogy and Digital vant Practice, BCG.

Moreover, maturity of India's AI leers spans both tritional and digital sectors, signalling a bro-based option that's driving value beyond typical tech-driven industries.

"As India's AI leers go beyond productivity to reshape and invent new business models, India is poised to le t only in AI option but in generating substantial, and measurable value," said Chakraborty.