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59% of Indian Enterprises have actively deployed AI, highest among countries surveyed: IBM report

15Feb

By editor3No Comments

59% of Indian Enterprises have actively deployed AI, highest among countries surveyed: IBM report

New Delhi, February 15, 2024.New research commissioned by IBM (NYSE: IBM) found that about 59% of enterprise-scale organizations (over 1,000 employees) surveyed in India have AI actively in use in their businesses. The ‘IBM Global AI Adoption Index 2023’ found early adopters are leading the way, with 74% of those Indian enterprises already working with AI,having accelerated their investments in AI in the past 24 months in areas like R&D and workforce reskilling.Ongoing challenges for AI adoption remain, including hiring employees with the right skill sets and ethical concerns, inhibiting businesses from adopting AI technologies into their operations. Therefore, in 2024 addressing these inhibitors would be a priority, like providing people with the relevant skills to work with A...

Indian Organizations Say Hybrid Cloud Approach is Critical to Unlock the Power of Generative AI: IBM Report

12Dec

By editor3No Comments

Business News, Feature, National News

Indian Organizations Say Hybrid Cloud Approach is Critical to Unlock the Power of Generative AI: IBM Report

Bengaluru, December 2023. A new global survey from IBM (NYSE: IBM) revealed that in India,64% of hybrid cloud users have a formal, organization-wide policy and/or approach for the use of Generative AI (GenAI). However, barriers that once slowed down hybrid cloud adoption are now impeding the implementation of GenAI.Cloud leaders are concerned about the challenges associated with the privacy and confidentiality of data and information when adopting GenAI. In addition to the ability to unlock the power of generative AI being cited as one of the key benefits of a hybrid cloud approach,leaders agreed that a cloud environment is essential for managing sustainability initiatives at an enterprise level, but workforce deficiencies in cloud skills are impacting implementation.The ...

IBM Report: Average cost of a data breach in India touched INR 179 million in 2023

25Jul

By editor3No Comments

Business News, Feature

IBM Report: Average cost of a data breach in India touched INR 179 million in 2023

Bengaluru, July 25, 2023.IBM (NYSE: IBM) Security today released its annual Cost of a Data Breach Report,[1]showingthe average cost of a data breach in India reached INR 179 million in 2023 – an all-time high for the report and almost a 28% increase since 2020. Detection and escalation costs jumped 45% over this same time frame, representing the highest portion of breach costs, and indicating a shift towards more complex breach investigations.At nearly 22%, the most common attack typein India was phishing, followed by stolen or compromised credentials (16%).Social engineering was the costliest root cause of breaches at INR 191 million,followed bymalicious insider threats, which amounted to approximately INR 188 million.According to the 2023 IBM report, globally b...