Indian CEOs are prioritising know-how funding, together with synthetic intelligence (AI) however keep guarded amid knowledge safety challenges, in response to a report.
Around 70 per cent of CEOs are channeling investments into know-how, together with AI, to catalyse development and improve productiveness over the subsequent 12 months, which is way greater than their international counterpart at 47 per cent, in response to the `EY CEO Outlook Pulse Survey`.
However, fortifying knowledge administration and cybersecurity (56 per cent) and pursuing price optimisation throughout business aspects (50 per cent) additionally stand out as vital strategic imperatives within the close to time period.
Moreover, the acquisition of know-how, new manufacturing capabilities, or modern startups (44 per cent) emerges because the main strategic driver for mergers and acquisitions, actions, stated the report.
“Commitment to tech investments is not just a response to the present but a strategic leap towards the future. The survey underscores this momentum, revealing that a substantial majority of CEOs are actively aligning their organisations with an AI-centric blueprint for innovation and productivity,” stated Mahesh Makhija, EY India Technology Consulting Leader.
Despite a majority of CEOs acknowledging the rising significance of sustainability in comparison with a yr in the past, there’s a development of sustainability slipping down the precedence checklist for nearly 16 per cent of CEOs, overshadowed by monetary constraints and a shift in boardroom focus.
To bolster the sustainability agenda, company India advocates for know-how incentives, together with AI, in addition to subsidies and tax breaks for inexperienced know-how investments, coupled with governmental backing of sustainable infrastructure tasks.
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Source: www.mid-day.com
