India's AI spending to grow at 30.8% CAGR to USD 880.5 million in 2023: IDC

"Enterprises are relying on AI to maintain business continuity, transform how businesses operate and gain competitive advantage. India's AI spending will grow from USD 300.7 million in 2019 to USD 880.5 million in 2023 at a CAGR (Compound annual growth rate) of 30.8 per cent," as per IDC's Worldwide Artificial Intelligence Spending Guide Forecast.

from Tech-Economic Times https://ift.tt/2Spn2lL