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India top choice for digital pursuit; firms to boost investments in AI, big data, cybersecurity: nasscom

15Apr

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India top choice for digital pursuit; firms to boost investments in AI, big data, cybersecurity: nasscom

[ad_1] India remains the top choice for enterprises looking to expand digital services portfolio and companies are expected to increase spending on AI, data analytics and cybersecurity, industry body nasscom said in a report on Monday.The report 'Digital Enterprise Maturity 5.0: Digital Readiness in the Era of AI' is based on a survey of 550 enterprises across 11 major sectors and seven major geographical regions. The survey found that 71 per cent of enterprises in India spent over 20 per cent of their tech spends on digital in 2023. "Nearly 90 per cent of companies have signalled plans to boost investments in key digital technology areas in 2024, including artificial intelligence (AI)/machine learning (AI/ML), big data analytics, cloud computing, cybersecurity, and intelligent automati...

5 things about AI you may have missed today: AI adoption by Indian businesses, Nasscom survey, AI in cancer fight, more

[ad_1] Today, December 26, is the day after Christmas, also known as Boxing Day. As Businesses open again and people return to work, we have new artificial intelligence developments to report on. At first, a Nasscom survey found that the majority of Indian businesses have reported having either matured Responsible AI (RAI) practices and policies or having initiated formal steps towards the adoption of such responsible practices. In other news, researchers at the Chinese University of Hong Kong have run tests and found that doctors can more efficiently catch cancer-causing tumors during colonoscopy with the help of AI. This and more in today's AI roundup. Let us take a closer look.Indian businesses take steps for responsible AI adoptionAccording to a Nasscom survey, almost 60 percent of ...

5 things about AI you may have missed today: EdTech, Nasscom and more take to AI

[ad_1] Artificial intelligence (AI) is revolutionising the education system in general and EdTech in particular, but a recent survey conducted by Axis My India has revealed that 88% of Indians are unaware of the existence of AI tools. However, that has not kept authorities from looking to control things in the space and this has resulted in the National Association of Software and Service Companies (Nasscom) to release the draft guidelines that will regulate generative AI in India. This and more in our daily AI roundup. Let us take a look.1. Apple downplays AI hype at WWDC 2023Apple took a different approach from everyone else at the WWDC 2023 by not mentioning the term AI. In contrast to other tech giants like Google and Microsoft, Apple opted for terms like "transformer language model...