Summary:

A recent SAP India survey, conducted in collaboration with Dun & Bradstreet, reveals that over 77% of Indian entrepreneurs are investing in AI, machine learning, IoT, and blockchain. Mr. Sanket Deodhar, VP and Head of Digital Natives at SAP Indian Subcontinent, emphasized that technology is crucial for developing sustainable business strategies, especially as organizations shift from Gross Merchandise Value (GMV) to Gross Margin (GM).

The survey found that 85% of entrepreneurs consider strong unit economics essential for profitability and valuation. Additionally, 79% believe adopting advanced technologies like AI is vital for scaling operations and enhancing unit economics. Notably, 72% of entrepreneurs are currently investing in or planning to invest in these technologies.

By 2023, Tier II and III cities have emerged as key innovation hubs, contributing to 40% of new IT businesses. Cities such as Chandigarh, Jaipur, and Indore are home to 15% of India's IT talent, and 25% of new firms are leveraging DeepTech solutions.

Source: IBEF 

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