India, July 8 -- Even though adoption of AI in the banking sector is the current hype cycle, only 10% of banks in the Asia-Pacific (APAC) are genuinely ready to scale artificial intelligence (AI) to derive measurable value, according to a recent research report by Accenture called The Front Runner's Guide to Scaling AI.

The report, which surveyed 93 major APAC banks as part of a larger global study of 2,000 C-suite and data science functions, found that there is a chasm between AI ambition and AI outcomes across the APAC region.

"AI is already providing banks with opportunities to unlock pockets of value but there is a world of effort that the banks can do," said Nicole Bodack, Managing Director and Lead, Banking & Capital Markets, APAC...