Artificial Intelligence to double innovation rate in India by 2021: Study

Artificial Intelligence (AI) is expected to more than double the rate of innovation and employee productivity in India by 2021, said a new Microsoft-IDC study on Monday.

While only one-third of organisations in India have embarked on their AI journeys, those companies that have adopted this technology expect it to increase their competitiveness by 2.3 times in 2021, said the study that surveyed 200 business leaders and 202 workers in the country.

“Economies and businesses that have yet to embark on their AI journey run a real risk of missing out on the competitive benefits that are enjoyed by leaders,” said Rohini Srivathsa, National Technology Officer, Microsoft India.