Gartner projects global end-user spending on generative AI models to reach $14.2 billion in 2025, with domain-specific models gaining traction. Total GenAI spending could hit $644 billion, driven by AI hardware integration and increased enterprise adoption across industries.
The infusion of technology in this quest made things easier and today, when artificial intelligence is at its most advanced, it is time to unlock the next chapter in effective reskilling of employees. In clearer terms, it is time to leverage GenAI, our portal into the future for this aim.
According to an IDC report, as AI and GenAI technologies continue to take the centre-stage in today’s digital economy, they not only augment organisations’ productivity, automate repetitive tasks but also redefine roles, thus compelling a shift in workforce skills requirements.
Despite the widespread recognition of AI's value in Indian enterprises, deployment challenges persist. About 39 per cent of respondents mentioned data challenges and regulatory/ethical concerns as the primary obstacles to adopting AI technologies.
