The fintech, software, and banking industries are increasingly using AI in their operations.

India is leading the adoption of artificial intelligence (AI), according to a new study by the Boston Consulting Group (BCG), which finds that 30% of Indian companies are maximizing their value through the use of these technologies emerging.

According to the BCG report, 26% of global companies use AI.

The fintech, software, and banking industries are increasingly using AI in their operations.

After years of investing, recruiting talent and launching pilot projects in artificial intelligence (AI), CEOs are now looking for tangible returns on the technology, the report said. At the same time, the report indicates that it remains difficult to take full advantage of them.

Even with the widespread implementation of AI programs across industries, only 26% of companies have developed the set of capabilities needed to move beyond proofs of concept and generate tangible value, according to a new study from the BCG.

The report, titled “Where is the Value of AI?” ”, based on a survey of 1,000 Chief Experience Officers (CxO) and senior executives from more than 20 industries, spanning 59 countries in Asia, Europe and North America, and covering as many countries than others. as ten main industries.

While only 4% of companies globally have developed cutting-edge AI capabilities across all functions and consistently drive significant value, an additional 22% have implemented an AI strategy.

According to the report, 74% of businesses have yet to demonstrate tangible value from their use of AI.

“India’s rapid adoption of AI is redefining its competitive advantage globally, with 30% of Indian companies having maximized the value potential of AI, surpassing the global average of 26%… With 100% of businesses actively experimenting with AI, India stands out for its drive to harness the potential of AI,” said Saibal Chakraborty, India Leader, Technology and Digital Advantage Practice, BCG.

Additionally, the maturity of India’s AI leaders spans both traditional and digital sectors, signaling widespread adoption that drives value beyond typical technology-driven industries.

“As India’s AI leaders go beyond productivity to reshape and invent new business models, India is poised to become a leader not only in AI adoption, but also by generating substantial and measurable value,” said Chakraborty.

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