NEWS – “Industry 5.0 and AI Report” released by BML Munjal University

KEY FINDINGS FROM THE “INDUSTRY 5.0 AND AI REPORT” BY BML MUNJAL UNIVERSITY

• Productivity Boost
  • 44% of organizations reported significant productivity increases due to AI.
• Role of AI in Innovation
  • 21% believe AI drives innovation.
  • Sectors benefiting from AI include:
    • Finance
    • Healthcare
    • Manufacturing
    • Marketing

AI Applications in Organizations

• Product Development: 33%
• Customer Service (Chatbots & RPA): 29%
• Trend Analysis (Marketing): 19%
• Supply Chain Management: 13%
• Financial Planning: 6%

CHALLENGES IN AI INTEGRATION

• Skills Gap
  • 34% of organizations face a shortage of AI-trained personnel.
  • Need for improved AI education and continuous learning programs.
  • 31% have initiated mentorship programs to develop AI talent.

SECTOR-SPECIFIC AI IMPACT

• Mergers and Acquisitions
  • 28% report benefits in personalized campaigns.
  • 22% cite data privacy as a significant hurdle.