The International Business Institute (IBI) published the International Artificial Intelligence Maturity Model, which highlights that companies in China and India are more prepared to adopt AI and educate their workforce on its benefits.
The model, which assesses organizations’ expectations of AI’s feasibility and their readiness to implement such technologies, ranks India as the most progressive market with a score of 4.58, followed by China at 4.25.
The study revealed a gap between the perceived effectiveness of AI adoption and the actual actions taken by companies. While thirty percent of global business leaders believe their organizations are not investing enough in AI tools, more than 75% think that companies will be at a competitive disadvantage without AI investment.
However, only a third of respondents reported substantial awareness of AI training offerings within their companies, and just two-fifths indicated their businesses had specific learning and development programs for AI.
Engagement with AI varies significantly across regions. In China and India, 96% and 94% of respondents, respectively, reported that their businesses encourage AI use, compared to 40% in Japan and 65% in the UK.
As reported by manufacturingtodayindia.com, confidence in the ability to leverage AI benefits also showed disparities, with only 50% of Japanese respondents expressing confidence compared to 96% in China. Larger organizations are more likely to encourage AI use (84% compared to 67% for SMEs) and to be confident in their ability to harness AI (89% compared to 76% for SMEs).
Theuns Kotze, Managing Director of BSI Group India Private Ltd., noted that while there are opportunities for India to become a manufacturing hub, much work is needed to build confidence and trust. As AI becomes increasingly integrated into people’s lives and organizations, investing in standards, personnel training, and assurance is crucial.
