Indian companies lead globally in GenAI use but face barriers like cost and skills, yet see AI as crucial for future growth.

A report by AI company Databricks shows that 94% of Indian companies use generative AI (GenAI) in at least one function, the highest rate globally among 19 countries. However, only 24% believe their AI applications are fully effective. Major barriers include cost, skills, and governance. Despite these challenges, over 70% see AI as critical for their long-term goals, and the AI market in India is projected to grow to $17 billion by 2027.

November 18, 2024
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