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Money on AI
Financial Express Kochi
|March 23, 2025
Why and where spending is estimated to increase when it comes to AI tech
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FE FEATURES ALMOST A MONTH AGO, a report by the International Data Corporation (IDC) revealed quite a telling figure about our dependence on artificial intelligence (AI) technologies.
IDC estimated that by 2027, India will see a 2.2x growth in spending on AI tech, as compared to the spending on digital tech as a whole. And thanks to this spending, the country will also generate an economic impact of over $115 billion in the next three years.
Here's what the report also found:
Gen AI will be expected to have at least a 70% success rate by 2027.
As many as 40% IT leaders will rise up the business corporate ladder due to AI becoming an integral part of business strategies.
More than half or 55% of companies in the country will have a workforce-skill problem in the digital space (with employees finding it difficult to keep up with tech that's advancing at a rapid rate) which will cause a delay in project timelines across industries.
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