Significant percentage of organisations see AI as key to competitive advantage: Report

A significant percentage of organisations see Artificial Intelligence (AI) as key to competitive advantage, saying they had experienced a notable boost in productivity through AI integration. This has been revealed in a new report.

According to ‘Industry 5.0 and AI’ report compiled by BML Munjal University, 44 per cent of organisations have experienced a significant boost in productivity through AI integration.

Additionally, 21 per cent reported that AI could play a pivotal role in driving innovation, enabling the development of new products, services and business models, particularly in sectors such as finance, healthcare, manufacturing and marketing.