Firms bullish on AI but hold back on spending

NEARLY HALF OF INDIAN enterprises now have multiple artificial intelligence (AI) use cases running in production, but investment remains cautious with over 95% of organisations allocating less than 20% of their IT budgets to AI initiatives, according to a survey by EY and the Confederation of Indian Industry (Cll).

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The survey of 200 organisations across more than 20 industries including government bodies, public sector undertakings, startups, enterprises, global cap