New Delhi, April 24 (IANS) About 91 per cent 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 the intelligent data infrastructure company NetApp, India leads in AI and cloud innovation compared to its global counterparts.
India leads the way as an AI leader, with 70 per cent of enterprises having AI projects up and running or in progress. This stands in stark contrast to the global average of 49 per cent.
“India is a country of humungous data sets. No surprise then, that India leads the world, and corporations are embracing AI to further their IT agenda,” said Puneet Gupta, VP & MD, NetApp India/SAARC.
The report surveyed 1,300 IT executives from key markets globally, including the US, the UK, France, Germany, Spain, Australia, New Zealand, Japan, Singapore, and India.
According to the report, 60 per cent of AI-leading countries such as India, Singapore, the UK, and the US have AI projects up and running or in the pilot, compared to 36 per cent in AI-lagging countries, including Spain, Australia, New Zealand, Germany, and Japan.
About 87 per cent of Indian companies have optimised IT environments for AI, and some AI-lagging countries also have AI-ready IT environments, which includes Germany (67 per cent) and Spain (59 per cent).
“Data-ready enterprises that connect and unify broad structured and unstructured data sets into an intelligent data infrastructure are best positioned to win in the age of AI,” said Gabie Boko, Chief Marketing Officer at NetApp.
In addition, 53 per cent of India-based companies reported being more likely to scale back or cut other parts of IT operations to make room for AI projects.
–IANS
shs/uk
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
