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Conversational commerce powered by Gen AI to spur next wave of growth for businesses: Bain & Company - Meta Report

Sandhya Devanathan, Head and VP, Meta in India, said the company sees business messaging as a key growth driver of its business in India. “We see it in terms of consumer behavior on our platforms, in terms of people using messaging to communicate with businesses, and we see that given the size of the WhatsApp platform and what users are asking for. 60% of the users of WhatsApp in India message a business every week,” she said.

Conversational commerce powered by Gen AI to spur next wave of growth for businesses: Report, ET Retail

Gen AI: Sandhya Devanathan, Head and VP, Meta in India, said the company sees business messaging as a key growth driver of its business in India. “We see it in terms of consumer behavior on our platforms, in terms of people using messaging to communicate with businesses, and we see that given the size of the WhatsApp platform and what users are asking for. 60% of the users of WhatsApp in India message a business every week,” she said.

Over 80% of enterprises plan to invest in Gen AI solutions within 1-2 years: Report

The study surveyed around 7,800 end users (consumers) and 150 enterprises, along with interviews with over 25 senior executives across numerous verticals in India.

With generative artificial intelligence (GenAI) emerging as a top-of-mind priority for businesses, over 80 per cent of Indian enterprises are planning to invest in GenAI within the next 1-2 years, a new report said on Thursday.New Delhi, May 23 .

New Delhi, May 23 (IANS) With generative artificial intelligence (GenAI) emerging as a top-of-mind priority for businesses, over 80 per cent of India

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