India leads in GenAI adoption, expecting increased investments. Data processing concerns persist, but conversational data search capabilities are seen as enhancing efficiency. Karthik Rajaram emphasizes the need for safeguarding data and leveraging GenAI for innovation.
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About 94 per cent of Indian IT leaders anticipate increased budget allocations towards generative artificial intelligence (GenAI) initiatives within the next 12-24 months, a new report revealed on Tuesday.According to the search analytics .
Search analytics firm Elastic on Monday released the Generative AI Report that gathered insights from 3,200 IT decision-makers and influencers across sectors in the US, Europe, and Asia-Pacific. In the Asia Pacific and Japan region, 1,200 were surveyed, including 300 from India.