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Jun 26, 2023
Mumbai, India - June 26, 2023 - Indian IT leaders are most confident in their IT infrastructure’s readiness for artificial intelligence (AI) technology, according to the Equinix 2023 Global Tech Trends Survey. More than 8 out of 10 IT leaders surveyed in India (85%) believe that their existing IT infrastructure is ready for the demands of AI, while only 56% in Asia-Pacific have certainty about the ability of their infrastructure for AI. The survey, which examined IT leaders’ responses to AI advances in their organizations, comes after a year of significant AI breakthroughs that saw the technology rapidly deployed in applications across both the business-to-business and business-to-consumer sectors.
Manoj Paul, Managing Director, Equinix India, commented: "In a disruptive world, agility is vital for driving innovation. Indian IT leaders must proactively address threats like cyberattacks, security breaches, and data leaks while complying with evolving data privacy regulations. Prioritizing cybersecurity and assessing risks is crucial, as is leveraging transformative technologies like 5G, AI, and IoT. AI, especially generative AI, has made significant strides, and its adoption in India is growing tremendously. AI will catalyze intelligent applications, empowering organizations to thrive in a dynamic digital landscape. Embracing AI is the key to resilience, competitive advantage, and sustainable growth."
The survey confirmed AI uptake is on the rise across all industry sectors, with more than 90% of the IT decision-makers polled in India seeking to benefit from the advantages of AI and already using or planning to use it across multiple key functions. Organizations are most likely to be using AI, or planning to do so, in IT operations (93%), followed by e-commerce (93%), and customer experience (92%).
Also, quality control/management (73%) is the most popular area for digital twin among Indian IT leaders. This is followed by operational performance optimization (63%), product development and re-design (56%), predictive maintenance (54%), systems planning (51%), and logistics planning (47%).
On implementing complex AI strategies, Aengus Tran, CEO & Co-Founder at harrison.ai, noted: “Secure hosting of our compute and data storage platforms is our highest technical priority as we build AI solutions for clinicians across the world. We rely on an extremely fast and direct connection to enable hybrid cloud models as required to move remarkably large data sets on which we train and develop our AI solutions. This digital infrastructure enables us to tackle bigger healthcare problems - from medical imaging solutions, to new AI healthcare solutions requiring more data and processing - helping to improve the standard of global healthcare and achieve our vision to impact one million lives per day.”
Asia-Pacific remains a strong region projected to contribute around 70% of global growth in 2023. Findings from the Equinix 2023 Global Tech Trends Survey confirm that 58% of Indian businesses planning to expand to new countries in the next 12 months.
In addition to digital infrastructure updates, the survey also highlighted the need for education and collaboration to enable IT teams to optimize the deployment of this infrastructure, with AI and machine learning expertise being the most sought after (56%) by those growing their IT teams.
A full copy of the report can be found here.
About the Survey
The independent study, commissioned by Equinix, surveyed more than 2,900 IT decision-makers in diverse enterprises across the Americas (Brazil, Canada, Colombia, Chile, Mexico, U.S.), Asia-Pacific (Australia, Hong Kong, India, Japan, Singapore, South Korea), and EMEA (Bulgaria, Finland, France, Germany, Ireland, Italy, Netherlands, Nigeria, Poland, Portugal, South Africa, Spain, Sweden, Switzerland, Turkey, UAE, UK). Respondents were selected for participation from Dynata's online panel. The survey was conducted online between March 20, 2023 and April 07, 2023.
About Equinix
Equinix (Nasdaq: EQIX) is the world’s digital infrastructure company®. Digital leaders harness Equinix’s trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.
Forward-Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from expectations discussed in such forward-looking statements. Factors that might cause such differences include, but are not limited to, risks to our business and operating results related to the current inflationary environment; foreign currency exchange rate fluctuations; increased costs to procure power and the general volatility in the global energy market; the challenges of acquiring, operating and constructing IBX® and xScale® data centers and developing, deploying and delivering Equinix products and solutions; unanticipated costs or difficulties relating to the integration of companies we have acquired or will acquire into Equinix; a failure to receive significant revenues from customers in recently built out or acquired data centers; failure to complete any financing arrangements contemplated from time to time; competition from existing and new competitors; the ability to generate sufficient cash flow or otherwise obtain funds to repay new or outstanding indebtedness; the loss or decline in business from our key customers; risks related to our taxation as a REIT and other risks described from time to time in Equinix filings with the Securities and Exchange Commission. In particular, see recent and upcoming Equinix quarterly and annual reports filed with the Securities and Exchange Commission, copies of which are available upon request from Equinix. Equinix does not assume any obligation to update the forward-looking information contained in this press release.
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