AI gains strategic ground in Indian boardrooms amid budget strains – Here’s why

Indian CEOs are increasingly placing their bets on Artificial Intelligence (AI) as a cornerstone of long-term business growth, despite mixed results so far. According to the IBM Institute for Business Value’s annual CEO study, Indian business leaders are more open than ever to investing in AI and digital opportunities but they also recognize the need for budgetary flexibility. They also cited lack of expertise and knowledge as a top barrier to innovation in their organization. CEOs in India, it added, are investing in AI with purpose while having a clear metric to measure innovation ROI.