The AI revolution has begun, and Indian businesses are ready to embrace the bots.

According to a recent study by PwC, a majority of enterprises in India believe that Artificial Intelligence will boost their business performance.

PwC’s recent report, “Artificial Intelligence– Hype or Reality," gathered insights from several decision makers in Indian enterprises, and about 68% were optimistic about AI.

Among the solutions powered by AI, machine learning grabs the top spot, as mundane, manual jobs are being replaced by bots, allowing humans to perform more meaningful tasks.

Nearly 60% of the respondents believe that AI will enrich people’s lives, while advancing the country’s growth and prosperity.

Nearly 83% of the participants believe in the concept of AI Advisor,’ an AI who could monitor employee performance. This would help create an impartial work atmosphere, they said. Although many were optimistic about AI, about 93% of the respondents said they do have concerns about privacy and data security.

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Shedding light on the AI trend, PwC's Partner & Leader of Data and Analytics division, Sudipta Ghosh, said that it’s crucial for man and machines to work together.