India Ranks Third On The Artificial Intelligence List

In a recent study by the Boston Consulting Group, India ranks third on the Artificial Intelligence implementation list. According to the study, India comes shortly after China and the United States, leaving Germany behind on the 6th spot. The Boston Consulting Group (BCG) surveyed technology and manufacturing managers from around 1,100 industrial companies the world over and tested their willingness of using artificial intelligence in their products.

Almost 90% of the executives said that they aim to integrate Artificial Intelligence (AI) in their processes in the next three years. However, so far only 28% have created a clear strategy for AI in manufacturing. Nine out of ten executives’ worldwide plan to apply artificial intelligence (AI) in manufacturing in the next three years. Furthermore, according to studies, the companies already using AI have started working on prototypes and have been quicker to readjust to the processes.

The United States ranked the highest in the list of artificial intelligence pioneers, with 25% of the companies switching to this route. China comes next at 23% while India stands at a close third at 19%. Surprisingly, Germany is not even close to the top three on the list and has come to stand on the 6th position with only about 15% of the companies using artificial intelligence in their business modules.

Almost 70% of the executives surveyed admit that their company lacks the AI skills to speed up the introduction of new technologies. That applies particularly to data management, analytics and programming. “Companies can no longer advance purely on the basis of their engineering knowledge. Employees have to know how to use AI”, said BCG partner Küpper. With companies using different methods to increase their productivity, India coming third on the sport is a matter to be extremely proud. This should be all the more reason for industrial companies to upgrade their employees’ skills in the basics of AI in manufacturing systems!