96 percent of Indian mid-market firms giving priority to generative AI
New Delhi| Nearly 96 percent of Indian companies in the mid-market segment (250 to 1,500 employees) are prioritizing generative AI, compared to 91 percent in the rest of the world. The adoption of generative AI by Indian mid-market companies in 2024 is due to the institution being prepared against cyber threats and making the business’s operations more environmentally friendly. In the report released by SAP India, it was said that institutions in India are giving more priority than other countries of the world to bring changes in their business.
Manish Prasad, Managing Director and Chairman of SAP in the Indian subcontinent, said that India’s mid-market business is the backbone of the country’s economy. He further said, “AI is going to be a game-changer for these companies. This will help these companies move into insights and the digital economy to work”
Among the mid-market companies participating in the survey, 67 percent considered cyber attacks as the reason for giving priority to AI, 65 percent to make the operation environmentally sustainable, 55 percent to increase privacy and security, 52 percent to increase decision-making.
Rajiv Singh, Head of Mid Market and Vice President, SAP Indian Subcontinent, said that AI has the ability to provide intelligence insights, automation to any organization, through which it can compete at the global level.
