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Indian enterprises will combine AI with human enterprise

New Delhi, March 4 2022: By 2026, almost 60% of business organisations will combine human expertise with artificial intelligence (AI), machine learning (ML), natural language processing (NLP) and pattern recognition, suggests an International Data Corporation  study*.
 The report released by IDC,  adds that organisations deem this move will make their workforce 20% more productive and effective and augment foresight in business.
In another report on Cloud Economics, it is stated that around 30% of Indian enterprises that use cloud services would set up a FinOps function to automate policy-driven knowledge seeking and optimisation to ensure profitability.
Addressing a virtual media conference, Vasant Rao, Managing Director, IDC India said, “Every company is a technology company and businesses are recognising the significance of cutting-edge digital technologies in the aftermath of the pandemic. We expect to see enterprises implement several digital-first initiatives to help them deal with headwinds and crosswinds in 2022 and beyond.”
Further, an IDC report predicts that by 2025, more than 15% of the tier-1 corporate banks will offer integrated solutions to unlock liquidity from both traditional and digital assets to their clients as the CBDC (central bank digital currency) roll-outs gain momentum.
IDC has also predicted that by 2024, tech security will be a key aspect that organisations will be focusing on, as 35% of the security budget will be dedicated towards cross-technology ecosystems/platforms designed for rapid consumption and unified security capabilities to drive agile innovation.
Key AI predictions that would impact the technology buyers and suppliers in India in 2022 and beyond:

  • #2 Machine-human Augmented Foresight: By 2026, 60% of enterprises in India will combine human expertise with AI, ML, NLP, and pattern recognition to augment foresight across the organization, making workers 20% more productive and effective.
  • #4 Horizontal Use Cases Breadth: By 2024, 40% of large enterprises will expand the use of AI/ML across all business-critical horizontal functions like marketing, legal, HR, procurement, and supply chain logistics.
  • #5 Process Mining Control Plane: The 30% of enterprises in India that adopt process mining as a controlling layer for end-to-end business processes by 2025 will be at least 20% more profitable than peers that do not.
  • #10 Commoditization of Computer Vision: By 2025, 40% of India companies using computer vision will use a pretrained model in a low-code environment that either fits their need or can be adopted with transfer learning from sparse data sets.

*IDC FutureScape: Worldwide Artificial Intelligence and Automation 2022 Predictions — India Implications.