Adoption of AI in businesses

New age technologies including AI, Data Analytics, and Machine Learning have dominated almost every field in today's ever-evolving high-tech world. Today, most of the companies are introducing innovations on a constant basis, the scope for the development of new technologies is limitless.

A report from PEAK says, 81% of Indian workers said their business is data-driven, compared to 69% in the US and just 48% in the UK. It is an extensive benchmarking report looking at the commercial AI readiness of firms in India, UK and the US.

Decision Intelligence is the application of AI to commercial decision-making. Because it can offer benefits across an organisation and is not limited to one department or operation, it is how most businesses will adopt the technology. The research says, 98% Indian junior staff were aware their businesses used AI, in comparison to 82% and 79% in the US and UK respectively.

The report reveals that Indian businesses are leading the way when it comes to commercial AI adoption, routinely outperforming counterparts in both the US and UK. While the US was an early leader in AI, with 28% of US businesses adopting the technology over six years ago – compared to 25% in India and 20% in the UK – India is now the more mature market when it comes to leveraging AI.

The report further throws light on how businesses structure data teams and how critical that choice is to successfully adopt AI. Higher maturity Indian businesses take a different path to peers in the US and UK and tend to favour a decentralised approach, with the majority (33%) of Indian businesses embedding data practitioners in commercial teams to support with analysis – by contrast most US (30%) and UK (25%) businesses have a central data team.

Indian businesses are also most likely to temporarily substitute a data expert into a team when needed, with 20% of staff in India having experienced this, compared to 13% in US and 14% in UK.

Experts say that India has already overtaken the UK to become the fifth largest economy in the world, and there’s clear signs that its growth won’t stop there. The US and UK have lost ground in the global AI race too, with India claiming the top spot at a time when Western countries are facing increasing geopolitical uncertainty.