Mapping the Indian Corporate AI Landscape
A research study conducted by IMA India in association with Thoughtworks
Artificial intelligence (AI) is transforming the business landscape in ways that were unimaginable a few years ago. To understand the current state of AI/GenAI adoption in businesses in India - IMA India, in collaboration with Thoughtworks, conducted a survey in January 2024. Drawing on responses from over 90 companies to an IMA survey, it provides an overview of CEO and CFO perspectives on AI applications, organisational readiness and the barriers and perceived risks around AI adoption.
The report also delves into the impact of AI on business models, revenue growth, innovation and cost reduction as well as the associated challenges around the adoption of Gen AI. It also considers the big ‘elephant in the room’ – how AI is likely to impact workforce size at the company level, and employment/unemployment at the macro level.
The research report, which can be downloaded below presents some of the mitigation steps and best practices that companies are adopting in this regard.
IMA India
IMA is a niche economic, business and market research firm that provides insights and analysis to top management audiences in India through multiple channels. For 29 years, IMA’s research and opinion have informed the perspectives of investors, industry and government. IMA is one of the country’s largest peer group platforms for top functional executives, comprising more than 2,500 Indian and global business/functional heads from over 1,500 member companies. Since 1994, it has developed an unmatched capability to harness and distil collective wisdom, enabling top managers and industry leaders to interpret changes and forecast developments in the operating environment through authoritative guidance.
Thoughtworks
ThoughtWorks is a global technology consultancy that integrates strategy, design and engineering to drive digital innovation. We are over 12,500 people strong across 50 offices in 18 countries. Over the last 25+ years, we’ve delivered extraordinary impact together with our clients by helping them solve complex business problems with technology as the differentiator.