A study, conducted by Accenture’s Future Workforce, shows that most of the Indian Business executives believe that adopting advanced technology is crucial for their business growth. As per the survey, 69 percent of the surveyed executives agreed on the fact that intelligence technology is vital for their business development whereas 59 percent of the executives concluded that shortage of skilled labour and infrastructure is acting as a barrier in growth. The survey was carried out with the 1,100 employees across skill levels in India and 100 senior executives in India.

Indian organizations are lacking in a skilled workforce and better infrastructure to nourish the latest technology. Surveyed employees stated, there is a need for training in order to work with the latest technology for the next 4 -5 years and also they need to learn new skills in order to work with new technologies.  Surveyed Executives are planning to automate most of the task with the AI and also to extend the workforce that is working on AI. It will increase their productivity and efficiency in the work.

"We are entering the age of man-machine collaboration, where machines will augment human capabilities, allowing people to focus on what they do best while doing the things that humans would rather not," said Sunit Sinha, Managing Director at Accenture, who also leads the company's Talent and Organization practice in India.

As Machine learning, AI, Blockchain and IoT technologies are leading in all sectors of the industry, many executives have started investing plenty in these technologies. As per the Gartner report, the total IT worldwide investment will hit $3.68 trillion by the end of 2018, a 4.5 percent increase from the previous year. Among the other regions, Asia Pacific regions are more active than others in IT investment. According to the International Data Corporation (IDC) Worldwide Black Book, China and India are both expected to show an overall IT spending of 10 percent constant currency terms in 2018. 

In addition to the investment in IT technologies, many financial services firms are enjoying the comforts of emerging technologies to protect their network from Ransomware attacks. Many firms are investing in acquiring better cybersecurity tools for their financial services.  According to a study conducted by Spiceworks, financial services enterprises have the highest adoption rate for IT automation, serverless computing, AI and Blockchain technology.