Top 10 countries most prepared to adopt AI: India’s position explained

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AI Preparedness Index (AIPI), Top Countries Most Prepared For AI: Artificial intelligence (AI) is rapidly transforming the planetary system today—fundamentally reinventing labour markets, industries, and societal dynamics, which person thereby brought some opportunities and challenges.

As there’s increasing adoption of AI, a forecast by Grand View Research highlights that the planetary AI marketplace size is projected to turn astatine a compound yearly maturation complaint (CAGR) of 36.6% from 2024 to 2030.

IMF highlights this volition effect successful precocious economies experiencing its benefits and pitfalls sooner than the emerging marketplace and processing economies, chiefly owing to their employment operation focused connected cognitive-intensive roles.

As a result, advanced economies and developed markets indispensable prioritise enhancing regulatory frameworks and facilitating labour reallocation, each portion protecting those who are negatively impacted.

Meanwhile, emerging markets and processing economies should absorption connected gathering robust integer infrastructure and fostering integer skills development.

IMF) A planetary overview of AI Preparedness Index 2023-24, (Source: IMF)

BCG highlights that much than 90% of consumers successful India and the United Arab Emirates are acquainted with ChatGPT, portion consciousness levels successful China and Saudi Arabia surpass 80%.

As AI has progressively integrated into our mundane lives today, the IMF’s AI Preparedness Index 2023, utilizing the mean of its 4 cardinal metrics: integer infrastructure, quality capital, technological innovation, and ineligible frameworks, has ranked countries based connected their AI preparedness.

Top 10 countries astir prepared to clasp AI, arsenic of 2023:

Having invested hundreds of millions of dollars to heighten AI capabilities and enactment nationalist AI strategies, Singapore stands retired arsenic the state astir prepared for seamless AI adoption, with an API people of 0.80.

According to LinkedIn, Singaporean workers are besides the fastest successful the satellite to follow AI skills.

Covering a full of 174 countries for 2023, the IMF has ranked the apical 10 countries astir prepared for AI, arsenic of 2023:

India’s presumption explained:

India leads the mode with the highest percent of users, arsenic 45% of respondents reported utilizing ChatGPT, according to BCG, with the state boasting 338 startups.

However, the IMF notes that India, an emerging marketplace economy, with an AI Preparedness Index standing of 0.49, ranks 72 successful a full of 174 countries, with Bangladesh (0.38) connected 113, Sri Lanka (0.43) connected 92, and China (0.63) connected 31.

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