cxo voice
  • Home
  • News
  • View Points
  • Leaders Talk
  • Cyber Security
  • AI
  • Blockchain
No Result
View All Result
  • Home
  • News
  • View Points
  • Leaders Talk
  • Cyber Security
  • AI
  • Blockchain
No Result
View All Result
Leaders Interview, IT and Technology News India | CXO VOICE
No Result
View All Result
Home AI

AI to Bring More Innovations at Organization : Survey

News Desk by News Desk
May 29, 2019
Reading Time: 2 mins read
AI survey
Share on FacebookShare on TwitterShare on LinkedinShare via E-Mail

AI (Artificial Intelligence) is set to bring innovations at organization and employee productivity. According to Microsoft and IDC survey – The AI innovation rate at organization will be x2.2 times and in employee productivity x2.2 by 2021 in India.

The Microsoft and IDC survey conducted with 1,560 business decision maker executives of mid and big size companies revealed that 77% of business leaders polled agreed that AI is instrumental for their business growth and competitiveness, only one-third of organizations in India have embarked on their AI journeys. Those companies that have adopted AI expect it to increase their competitiveness by 2.3 times in 2021.

In 2018, Businesses adopted AI saw tangible improvements in those areas in the range of 8% to 22% and expecting further improvements of at least 2.1 times in the three-year horizon, with the biggest jump expected in higher margins, and higher competitiveness.

Adopting AI in insurance institutions can help in vehicle insurance claim and renewing policies more efficiently.

Speaking with Girish Nayak, Chief – Service, Operations & Technology, ICICI Lombard General Insurance Company Ltd – one of India’s leaders in implementing AI in the BFSI space “We recognized the potential of AI in providing high quality car damage evaluation services. With data being generated at an exponential level, this technology will help us derive insights to inspect and process claims with utmost efficiency.  Using Microsoft’s AI expertise is helping us bring about this transformation, allowing us to meet customer demands quicker without compromising on service excellence.”

The AI innovations survey evaluated six dimensions critical to ensuring the success of a nation’s AI journey. According to the findings, India needs to build upon its investment, data, and strategy in order to accelerate its AI journey. The study also underlines the need for cultural changes and skilling and reskilling workforces to make AI work for the country.

“To succeed in the AI race, India needs to substantially improve its readiness. Leaders should make AI a core part of their strategy and develop a learning agility culture. Investment in this transformative technology has to be continuous for the long-term success. There is an urgent need for talents and tools to develop, deploy and monitor AI models, along with the availability of a robust data estate with the adequate governance,” according to Ranganath Sadasiva, Director, Enterprise, IDC.

Tags: AIAI in InsuranceAI InnovationsAI StudyAI SurveyArtificial Intelligence
News Desk

News Desk

by CXO VOICE team memebrs, [email protected]

Related Posts

How AI helps fight off potential cyberattacks
Cyber Security

How AI helps fight off potential cyberattacks

March 2, 2021
Insurance Underwriting
Insurance

5 Ways New-age Technologies Can Transform Underwriting

February 5, 2021
AI, Blockchain and IOT Together To Bring Real Value to Organizations
AI

AI, Blockchain and IOT Together To Bring Real Value to Organizations

October 1, 2020
AI wipro study
AI

95% of business leaders say AI as critical to being Intelligent Enterprises : Wirpro Report

September 3, 2020
Supply Chain Technology Trends in 2020
Featured Stories

Top 8 Supply Chain Technology Trends in 2020: Gartner

July 16, 2020
IBM AI
AI

IBM Launches New AI Designed to Help CIOs Automate IT Operations

May 5, 2020
AudioCodes Joins Google to Bring Telephony Voice Services to Google Dialogflow Virtual Agents
AI

AudioCodes Joins Google to Bring Telephony Voice Services to Google Dialogflow Virtual Agents

April 28, 2020
ICICI Bank Introduces voice banking via Amazon Alexa and Google Assistant
AI

ICICI Bank Introduces voice banking services on Alexa and Google Assistant

April 20, 2020
Load More
Next Post
mcafee cloud security

McAfee Partners with AWS to Enhance Database Security to the Cloud

ADVERTISEMENT

Expert Views

Nine Things to Check While Choosing A Cloud Service Provider
Cloud

Nine Things to Check While Choosing A Cloud Service Provider

April 12, 2021
How innovation in Fintech is changing personal finance
Finance

How innovation in Fintech is changing personal finance

April 9, 2021
DaaS
Productivity

Working Remotely: Desktop as a Service (DaaS) could be a great advantage for SMBs

April 6, 2021
Insurance Underwriting
Insurance

5 Ways New-age Technologies Can Transform Underwriting

February 5, 2021
Key Fintech Trends to look out for in 2021
Finance

Key Fintech Trends to look out for in 2021

April 5, 2021

Get Latest Update

Subscribe to our mailing list to receives newsletter direct to your inbox!

ADVERTISEMENT

Leaders Inerviews

Enterprises, and MSMEs IoT
Leaders Talk

IoT is now seen as an essential enabler for the enterprises to be future ready : Joyjeet Bose

-
Security While Working Remotely interview with Filip Coftas
Cyber Security

Security While Working Remotely [Interview]

-
Akita Security Device Help you Protect your Security During COVID-19 [Interview with Zakir Hussain]
COVID-19

Can Akita Security Device Help you Protect your Security During COVID-19 [Interview]

-
digital transformation and customer experience Newgen software
Interview

Digital Transformation Journey helps Newgen Software Improve Customer Experience [Interview]

-

Entrepreneur

Technology Adoption For Entrepreneurs

Volunteering management is the need of the Hour

Significance Of Ethical Entrepreneurship In The Post COVID-19 Economy

Five tips for entrepreneurs to tide over the coronavirus crisis

CXO VOICE is a premier resource for the enterprises, SMBs and Startups CXOs and business leaders, It enables CXOs and business executives gain access key insights, experts views, analysis, business strategy, and leaders interviews on what’s happening in the market and its impact.

Connect with us

Easy Links

  • Cryptocurrency
  • Event
  • Blockchain
  • Press Release
  • Resources & Downloads

Write Us

[email protected]

Newsletter

Subscribe to our mailing list to receives newsletter direct to your inbox!

  • Home
  • About
  • Contact Us
  • Advertise
  • Privacy & Policy
  • Feedback

© 2018 CXO VOICE

No Result
View All Result
  • Home
  • News
  • View Points
  • Leaders Talk
  • Cyber Security
  • AI
  • Blockchain

© 2018 CXO VOICE

Go to mobile version