cxo voice
  • Home
  • Technology
    • AI
    • Cloud
    • Telecom
    • Data Center
    • BPM
    • Blockchain
  • Finance
    • Banking
  • Cyber Security
  • View Points
  • Leaders Talk
  • News
  • Press Release
    • Submit Press Release
No Result
View All Result
  • Home
  • Technology
    • AI
    • Cloud
    • Telecom
    • Data Center
    • BPM
    • Blockchain
  • Finance
    • Banking
  • Cyber Security
  • View Points
  • Leaders Talk
  • News
  • Press Release
    • Submit Press Release
No Result
View All Result
Leaders Talk and Latest Tech News | CXO VOICE
No Result
View All Result
Home News AI

54% of Indian firms adopted AI, analytics for business functions: Report

IANS by IANS
June 20, 2023
AI In The Banking And Financial

About 54 per cent of Indian companies have implemented artificial intelligence (AI) and analytics for business functions, a new report showed on Tuesday.

According to global consultancy firm PwC, digital champions from across the six sectors in India believe that being resilient, transparent and sustainable will prepare them for future growth.

However, they believe that greater innovation and faster time to market will help them remain competitive in the coming days.

“Organisations are focusing on improving the efficiency of processes, such as reducing the downtime of assets, minimising the maintenance cost of expensive equipment, cutting down the cost of poor quality by understanding the parameters needed for the golden batch using digital twins, automation of processes like connected workstations using IoT for better visibility at the shop floor and workflow-based automated solution for efficient scheduling,” said Sudipta Ghosh, Partner, Industrial Products Sector and Data and Analytics Practice Leader, PwC India.

About 38 per cent of Indian companies revealed that they do not have any plans to adopt digital technology for their businesses.

The report said that Indian manufacturing companies currently prefer to adopt one standardised digital solution across plants compared to global companies which prefer one standardised digital solution with different functionalities or modules.

ADVERTISEMENT

“Analytics continues to play a significant role in improving the decision-making process, both at the shop floor as well as across the entire supply chain. The return on investments will be governed to a large extent by how organisations are using the data to generate insights and take timely decisions,” Ghosh said.

Further, the report said that Indian companies tend to focus more on people, policies and mindset while global companies prefer to build up the right system for driving any transformation.

IANS

IANS

For any query, [email protected]

Related Posts

Human-AI
AI

TCS and MIT SMR Explore the Future of Human-AI Collaboration in Business

July 16, 2025
Accenture Microsoft
AI

Accenture and Microsoft Expand Partnership to Revolutionize Gen-AI-Driven Cybersecurity Solutions

July 11, 2025
mimik and Tech Mahindra
AI

mimik and Tech Mahindra Launch Agentic AI Production Center to Revolutionize Autonomous AI Development

July 2, 2025
SMBs and AI
AI

SMBs Eager to Embrace AI but Face Challenges in Implementation and Training: Report

June 18, 2025
Product-Aligned Operating Models
AI

How Product-Aligned Operating Models Are Essential for Thriving in an AI-Driven Future: Report

June 10, 2025
AI in Public Sector
AI

How AI is Transforming Public Sector Service: Report

May 21, 2025
Red Hat AI NVIDIA
AI

Red Hat Empowers Agentic AI with Support for NVIDIA Enterprise AI Factory

May 20, 2025
NVIDIA AI
AI

Taiwan AI Revolution: Foxconn and NVIDIA Team Up to Launch Cutting-Edge AI Factory

May 19, 2025
Load More
ADVERTISEMENT

Latest Updates

Infosys RWE

Infosys Partners with RWE to Transform Digital Workplace and Enhance Operational Efficiency

by News Desk
22 hours ago

Coforge

Coforge Appoints Manish Hemrajani as Head of Investor Relations

by News Desk
1 day ago

Airtel AMPIN

Airtel’s Nxtra Partners with AMPIN Energy to Boost Renewable Energy Supply to Over 200 MW

by Deepa Sharma
2 days ago

L&T Technology

L&T Technology Services Wins ~$60 Million Software Engineering Engagement From US Tier-I Telecom Provider

by Businesswire Desk
2 days ago

Why Even One Unpatched Device Can Be a Catastrophic Risk for Startups and SMBs

by Ramit Luthra
5 days ago

TechM Orion

Tech Mahindra Launches TechM Orion, A Next-Gen Agentic AI Platform With NVIDIA’s Advanced Technology

by News Desk
5 days ago

Expert Views

Cyber Security

Why Even One Unpatched Device Can Be a Catastrophic Risk for Startups and SMBs

July 25, 2025
Cyber Criminals
Cyber Security

How WormGPT Became ChatGPT’s Evil Twin

July 15, 2025
Opinion

When AI Empowers Both Networks and Hackers: The New Battlefield for India’s Telecoms

May 20, 2025
Molly Sands AI
AI

AI RIP: 5 Things Knowledge Workers Will Say ‘Sayonara’ to in the Next Decade

March 8, 2025
multi cloud
Cloud

Multi-Cloud Made Simple: Strategies for Smart Business Management

March 5, 2025

Get Latest Update

Subscribe to our mailing list to receives newsletter direct to your inbox!

ADVERTISEMENT

Leaders Interviews

Steve Wilson, GenAI Cybersecurity LLMs
Cyber Security

How effective is GenAI in cybersecurity? The role of LLMs and AI in security solutions. [Interview with Steve Wilson]

-
Interview on Counterfeit products with Nikhil Narayan
Leaders Talk

Advancements in ML & AI made it possible to detect counterfeit products in real-time, says Nikhil Narayan

-
Newgenone bridges the gap between business users and IT teams with its low code capability: Varun Goswami
Leaders Talk

Newgenone bridges the gap between business users and IT teams with its low code capability: Varun Goswami

-
AI chatbots, Prasanna-Kumar
Leaders Talk

Can AI chatbots enhance customer experience and reduce the cost of serving customers?

-

Entrepreneur

Samsung Electronics appoints its first female president

Inspiring Women Entrepreneurs in India (2022)

Technology Adoption For Entrepreneurs

Volunteering management is the need of the Hour

CXOVoice.com is a leading online publication for CXOs, entrepreneurs, senior leaders, developers, and industry professionals. Our coverage spans key sectors, including IT, technology, banking, finance, cybersecurity, engineering, and automobiles.

Connect with us

Easy Links

  • Cryptocurrency
  • Event
  • Blockchain
  • Press Release
  • Resources & Downloads

Write Us

[email protected]
  • Home
  • About Us
  • Contact Us
  • Advertise
  • Privacy & Policy
  • Feedback

Copyright © 2025 CXOVoice - All Right Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Our Spring Sale Has Started

You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/

No Result
View All Result
  • Home
  • Technology
    • AI
    • Cloud
    • Telecom
    • Data Center
    • BPM
    • Blockchain
  • Finance
    • Banking
  • Cyber Security
  • View Points
  • Leaders Talk
  • News
  • Press Release
    • Submit Press Release

Copyright © 2025 CXOVoice - All Right Reserved