‘AI spend in India is currently $200 million and growing at 40% year-on-year’

Fuelled by the Covid-19 pandemic, the adoption of artificial intelligence (AI) technology is on the rise globally with many Indian IT service providers playing a critical role in this due to the availability of a skilled labor force.

AI spend in India is currently $200 million and growing at 40 percent year-on-year, said Mittal. In India, start-ups and born-digital organizations have led the charge by building their technology backbone on the foundations of analytics and data science, and now, AI.