71% of Indian Firms invests in Gen AI to fuel productivity, says Apexon report

By Team Startupcity  |  Tuesday, 30 April 2024, 12:51 IST

71% of Indian Firms invests in Gen AI to fuel productivity, says Apexon report
A digital-first technology services firm, Apexon revealed the core insights from an info graphic study “Regulated Industries Are Making generative AI Core to Their Digital Strategy”. This study accounted by Apexon & directed by the Forrester Consulting underscores the notable information into the integration, risks, & the futuristic view of generative AI in high-end tech sectors including healthcare, fintech & life sciences.  
In this study, a precarious note is that whereas the readiness of organizations may not hinder the adoption of gen AI & the lack of governance signifies to be a substantial barrier. 
As per the findings of the study, a major 70 percent of the organizations likely to acquire gen AI solutions from diverse tech-vendors, highlighting the massive transformation towards harnessing the smart & additional expertise for the technological innovation & advancement. Also the insights from the study illuminates light on revolutionary potential of Gen AI to amplify the productivity of employee & the user experience. 
Also the study highlights that 70 percent of the ventures injecting their investments in Gen AI to elevate the efficiency of the employee for additional effective activities. By the year 2025, the investments in constructing a powerful Gen AI system are projected to skyrocket enormously. 
Expressing his views on this study, Sriniketh Chakravarthi, Chief Executive Officer of Apexon says, “This study has unearthed crucial insights for regulated industries aiming to harness Gen AI's true potential. The findings underscore the importance of an effective AI governance program, a human-in-the-loop approach to manage accuracy risks and the pivot employees will make from routine to more strategic and creative elements of their work”.

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