New Delhi, Jan 23 (NationPress) A recent report indicates that leaders in the life sciences sector in India are actively embracing artificial intelligence (AI) and digital transformation. This analysis published by KPMG highlights insights from a survey of 110 global life sciences executives, revealing that Indian CEOs are not only enhancing their workforce's skills but are also positioning the industry for sustainable growth.

“The life sciences landscape in India is transitioning from dreams to reality. CEOs are prioritizing AI and digital transformation, strategically engaging in mergers and acquisitions (M&A), and investing in workforce development,” stated Vijay Chawla, Partner and Head of Life Sciences at KPMG in India.

“By merging innovation with operational efficiency and leveraging India's talent pool, the sector is gearing up for sustainable growth and aiming for global leadership in a fast-evolving healthcare ecosystem,” he added.

Globally, over 80% of life sciences CEOs recognize the importance of AI for driving growth, minimizing emissions, and enhancing energy efficiency.

The findings suggest leaders are decisively transitioning from experimental approaches to practical implementations, concentrating on AI integration, strategic business transformations via M&A, and reshaping their workforce to foster a new era of innovation and operational excellence.

While 86% of CEOs expressed a moderate to high interest in M&A over the next three years, indicating a persistent momentum for transformation, 80% acknowledged the need to adapt their growth strategies to tackle interconnected market challenges.

Moreover, 73% of global executives plan to dedicate 10% to 20% of their technology budgets specifically to AI projects, with 65% expecting tangible returns from these investments within the next three years.

Nonetheless, the rapid adoption of AI raises cybersecurity concerns, with 84% of CEOs citing this as a major issue.

The report also emphasized the importance of talent development, with 85% of CEOs recognizing that workforce readiness for AI is essential for achieving their objectives.

For these leaders, executing ESG initiatives has emerged as the second-most significant operational priority for the next three years.

About 80% of CEOs believe that AI will significantly contribute to reducing emissions and improving energy efficiency. Thus, sustainability goals are progressively translating into concrete operational enhancements and financial benefits, paving a promising trajectory for the industry.