New Delhi, June 20 -- A new global study by the IBM Institute for Business Value reveals that Indian CEOs are embracing AI to fuel long-term innovation and business growth. However, they also highlight the need for more budget flexibility and skilled expertise to fully leverage digital opportunities.

According to the study, 74% of Indian CEOs surveyed say more budget flexibility is needed to seize digital opportunities that can drive sustained growth. Despite strong interest in innovation, a lack of expertise and knowledge remains a top barrier to progress. Notably, 64% of CEOs strongly agree that their organization is already realizing value from GenAI investments beyond mere cost reduction.

The annual CEO study, which surveyed 2,000 g...