Are 60% of Indian Firms Confident in Scaling AI with Mature Frameworks?
Synopsis
Key Takeaways
New Delhi, Jan 22 (NationPress) Almost 60 percent of Indian enterprises that are optimistic about scaling AI in a responsible manner have established mature Responsible AI (RAI) frameworks, although challenges persist in areas like data access and regulatory clarity, according to a recent report released on Thursday.
The report from the National Association of Software and Service Companies (Nasscom) revealed that 30 percent of survey participants have implemented mature RAI practices, while 45 percent are in the process of actively adopting formal frameworks—representing a significant improvement since 2023.
The insights were derived from a survey involving 574 senior executives from large corporations, small and medium enterprises (SMEs), and startups engaged in the commercial development and application of AI in India.
The findings indicated a strong link between AI capabilities and responsible practices, with large enterprises achieving a maturity level of 46 percent, while SMEs and startups have made progress at 20 percent and 16 percent respectively.
Sectoral maturity is led by the BFSI sector at 35 percent, followed by Technology, Media and Telecommunications (TMT) at 31 percent, and healthcare at 18 percent, with nearly half of the companies in these domains actively enhancing their frameworks.
A key focus for these organizations is workforce enablement, with nearly 90 percent investing in training and sensitization efforts, as noted in the report. Business leaders expressed confidence in fulfilling data protection obligations, despite ongoing concerns surrounding monitoring-related compliance.
“As AI increasingly influences crucial decisions in finance, healthcare, and public services, implementing responsible AI is essential; it forms the bedrock for building trust, ensuring accountability, and fostering innovation,” stated Sangeeta Gupta, Senior VP and Chief Strategy Officer at Nasscom.
Gupta further emphasized that the true measure of India's leadership in AI will hinge not only on the scale of adoption but also on the responsible and inclusive design and deployment of these systems.
Companies displayed a high level of confidence in meeting data protection standards, underscoring the maturity of their privacy frameworks; however, compliance related to monitoring still requires further enhancement, as highlighted in the report.
aar/na