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Cisco Study Unravels Seismic Gap in Companies’ Preparedness for AI

Cisco

The new Cisco Study reveals only 26% of organizations in india are fully prepared to deploy and leverage ai, with 75%admitting serious concerns about the impact to business if they fail to actin the next 12 months

“Organizations also need to be able to observe with context how AI is being used to ensure ROI, security, and especially responsibility.”

Liz Centoni, Executive Vice President and General Manager, Applications and Chief Strategy Officer, Cisco

Only26% of organizations in Indiaare fully prepared to deploy and leverage Artificial Intelligence(AI)-powered technologies, according to Cisco’s inaugural AI Readiness Index released today. The Index, which surveyed over 8,000 global companies, was developed in response to the accelerating adoption of AI, a generational shift that is impacting almost every area of business and daily life. The report highlights companies’ preparedness to utilize and deploy AI, showcasing critical gaps across key business pillars and infrastructures that pose serious risks for the near future.

The new research finds that while AI adoption has been slowly progressing for decades, theadvancements in Generative AI, coupled with public availability in the past year, are driving greater attention tothe challenges, changes and new possibilities posed by the technology. While 93%of respondents believe AI will have a significant impact on their business operations, it also raises new issues around data privacy and security. The Index findings show that companies experience the most challenges when it comes to leveraging AI alongside their data. In fact, 73%of respondents admit that this is due to data existing in silos across their organizations.

However, there is also positive news.Findings from the Index revealed that companies in India are taking many proactive measures to prepare for an AI-centric future. When it came to building AI strategies, 95% of organizations already having a robust AI strategy in place or in the process of developing one. More than eight in 10 (86%) organizations are classified as either Pacesetters or Chasers (fully/partially prepared), with only 1% falling into the category of Laggards (not prepared). Which indicates a significant level of focus by C-Suite executives and IT leadership. This could be driven by the fact that all respondents said the urgency to deploy AI technologies in their organization hasincreasedin the past six months,with IT infrastructure and cybersecurity reported as the top priority areas for AI deployments.

“As companies rush to deploy AI solutions, they must assess where investments are needed to ensure their infrastructure can best support the demands of AI workloads,” said Liz Centoni, Executive Vice President and General Manager, Applications and Chief Strategy Officer, Cisco. “Organizations also need to be able to observe with context how AI is being used to ensure ROI, security, and especially responsibility.”

Alongside the stark finding that overall,only 26%of companies are Pacesetters (fully prepared), the research found that one third (32%) of companies in Indiaare consideredLaggards (unprepared) at 1%,or Followers (limited preparedness) at31%.

The new Cisco AI Readiness Index is based on a double-blind survey of 8,161 private sector business and IT leaders across 30 markets, conducted by an independent third-party surveying respondents from companies with 500 or more employees. The Index assessed respondents’ AI readiness across six key pillars: strategy, infrastructure, data, talent, governance, and culture.

Companies were examined on 49 different metrics across these six pillars to determine a readiness score for each, as well as an overall readiness score for the respondents’ organization. Each indicator was assigned an individual weightage based on its relative importance to achieving readiness for the applicable pillar. Based on their overall score, Cisco has identified four groups at different levels of organizational readiness – Pacesetters (fully prepared), Chasers (moderately prepared), Followers (limited preparedness), and Laggards (unprepared).

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