Why and where spending is estimated to increase when it comes to AI tech?

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.