GenAI

89% of Indian tech firms launch GenAI POC projects, 33% move to production

Nearly 89% of Indian technology service enterprises have launched generative AI (GenAI) proof-of-concept (POC) projects, with 33% already moving to production, according to a report released on Monday. The report by EY India highlights how AI is transforming the country’s software services industry by driving innovation, enhancing efficiency, and reshaping business models. Investment in AI continues to rise, with 78% of organisations allocating dedicated budgets and strategies for GenAI adop...

December 23, 2024 2:30 PM

India’s data centre capacity to more than double by fiscal 2027: Crisil report

The capacity of India's data centre industry is poised to more than double to 2-2.3 GW by fiscal 2027, driven by accelerating digitalisation across the economy, according to a recent Crisil Ratings report. This growth is largely attributed to enterprises investing heavily in cloud storage solutions to meet rising demands. The report highlights the increasing adoption of Generative Artificial Intelligence (GenAI) as a key factor propelling data centre demand. GenAI's requirements for higher comp...