On one hand, it seems like AI is dominating industries and more companies are scrambling to capitalize on this wave, but in reality it paints a completely different picture.
AI readiness index declines
It appears that only 18 percent of companies in India are fully prepared to deploy and use AI-powered technologies.
This is interesting because according to the recently published Cisco 2024 AI Readiness Index report, AI readiness has dropped significantly compared to a year ago, when it stood at 20 percent.
APJC Cisco President Dave West speaking on this topic Said“As companies accelerate their AI journey, it is important that they take a comprehensive approach to implementation and connect the dots to connect AI ambition to readiness.”
Here, the decline in AI readiness highlights the challenges companies face when adopting, deploying, and fully leveraging AI. report,
This readiness gap holds great importance here as it is critical given the rapid market growth and impact of AI on business operations.
Coming to this report which is created by Cisco, a leading networking and security provider.
The report is based on a survey of 3,660 senior business leaders from companies with more than 500 employees in 14 markets in the APJC region.
The leaders who were surveyed are responsible for AI integration within their organizations.
The need for a modern digital infrastructure
The company said that when it comes to the AI readiness index, it is measured based on six pillars – strategy, infrastructure, data, governance, talent and culture.
This year’s AI Readiness Index shows that to fully harness the potential of AI, companies need a modern digital infrastructure that can handle the increasing power needs and network latency requirements of growing AI workloads. Be able to, West said.
Adding, “This must be supported with the right visibility to achieve their business objectives.”
Fundamentally, infrastructure is a major issue as only 21 percent of organizations have the GPUs required to meet current and future AI demands, the report said.
On the other hand, about 36 percent have the ability to protect data in AI models with end-to-end encryption, security audits, continuous monitoring, and immediate threat response.
In terms of AI investments by companies, they were focused on three areas, with 47 percent in full or advanced deployment, 44 percent on data analysis and 43 percent in data management.
Their main aspiration is to achieve increased efficiency of systems, processes, operations and profitability.
