Companies across Asia-Pacific (APAC) are rapidly ramping up investments in generative AI (GenAI) and coming into the next stage of maturity, in keeping with a analysis launched by Infosys Knowledge Institute (IKI), the analysis arm of Infosys.
While enterprises in the APAC area presently lag behind their North American counterparts in GenAI spending, the analysis forecasts an even bigger improve than in every other area – 140% in the following 12 months. This interprets to an estimated $3.4 billion to be invested across Australia, New Zealand, China, Japan, India, and Singapore, it reported. The study additionally discovered that enterprises across APAC have been investing closely in GenAI led by China, with investments anticipated to develop greater than 160% to $2.1 billion.
Infosys’s Generative AI Radar APAC report contains insights from 1,000 enterprise leaders and AI practitioners from Australia, New Zealand, China, Japan, India, and Singapore.
