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Home AI Next

India Surpasses The US To Earn The Top Spot In The Global Market For AI

November 3, 2022
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While the US was an early leader in AI, the newly released Peak’s inaugural Decision Intelligence (DI) Maturity Index discovered that India is now a more mature market when it comes to preparing its business to adopt AI. The report, which was produced in collaboration with the Center for Economics and Business Research (CEBR), acknowledges that the road to commercial AI maturity is less straightforward than existing AI maturity models imply.

The US was a pioneer in AI, adopting the technology at a rate of 28% of US enterprises over a six-year period, compared to 25% in India and 20% in the UK. India, which scored 64 (out of 100) on Peak’s DI maturity scale, is the most advanced market for exploiting AI, the report claims, while the US and the UK only scored 52 and 44, respectively.

According to the survey, internal communication and education on AI are what set Indian businesses apart in their use of the technology. In comparison to only 2% of Indian workers, the statistics showed that 18% of US workers were unsure if their companies utilised AI. Additionally, compared to 47% of junior staff in the US, 78% of junior staff in India anticipate AI would have a beneficial influence on workers over the next five years.

Given that it is one of the US’s leading financial services hubs, New York leads California in AI. With a mean maturity score across US, UK, and Indian markets of 56, this industry is the second most mature after IT, computers, and technology.

3000 decision-makers from companies with at least 100 workers in the US, UK, and India provided their insights for the poll. Across five pillars—decision-making, strategy, data and technology, people and process, and value—it sets measures for commercial AI preparedness. The framework’s weighted pillars each contribute to an overall index score between 0 and 100 that measures how successfully a firm can embrace, implement, and use DI.

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