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Technology: AI budget allocations to double to 37% in 3-5 years

Absence of clear regulatory guidelines a challenge in AI adoption   IT budget allocations for AI is expected to more than double from 16% to 37% within the next 3-5 years, says a survey of 100 executives in the United States by Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) bseindia . All surveyed firms indicate that they have started adopting AI in different parts of their operations, says the report, "AI in Wealth Management: Navigating an Evolving Data-Driven Landscape nseindia ." It also highlights the role of talent and effective governance in leveraging AI to drive competitive edge sbi.com.in...

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