India has perfected automated processes across industries: Salesforce Asia Pacific AI study

PUNE: India ranks at number three within the Asia Pacific region on artificial intelligence (AI) readiness as per a study done by Salesforce, following Singapore and HongKong.

India is one of few global economies to have implemented and perfected automated processes across many different industries, it has a large number of AI startups. However, the country ranks low on dynamism and innovation in this space, impacting its business readiness. Indian AI startups are constrained by the fact that most small and mid-sized businesses cannot afford to adopt or implement AI systems, said the report.

In terms of innovation, India’s AI ecosystem is held back by the lack of existing skilled professionals who can develop innovative AI solutions. Other key findings:

• 76% of companies in India feel the shortage of skilled professionals is slowing down AI adoption
• Indian consumers are largely aware of AI technologies and their benefits, thanks in part to entertainment-driven products and services.
• India is among the most prepared economies in terms of government readiness.