India, Feb. 25 -- Generative AI (GenAI) will play an important role in India's energy sector, according to an EY India report which found out that 49 per cent of the respondent energy companies to its survey are actively exploring the use of artificial intelligence for their functions.

This is because GenAI is capable of improving efficiency, sustainability, and cost-effectiveness, according to the report titled 'How much productivity can GenAI unlock in India? The AIdea of India: 2025.'

However, only 17 per cent are bullish and actually investing into AI while another 17 per cent are in a wait-and-watch mode with small experiments.

This is despite 66 per cent of the respondents having initiated Proof of Concepts (POCs) for GenAI.

Pro...