Delhi Delhi: According to CPA Australia’s Business Technology Report 2024 in collaboration with the Associated Chambers of Commerce and Industry of India (ASSOCHAM), 23 per cent of Indian businesses have already implemented AI, which is ahead of other surveyed markets, while 73 per cent expect to expand the use of AI in 2025, significantly higher than the survey’s average of 52 per cent.
The Business Technology Report 2024 highlights that 60 per cent of Indian businesses surveyed plan to strengthen cybersecurity, higher than the survey’s average of 47 per cent. Prof. Del Pinto FCPA (Australia), Global President and Chairman of the Board, CPA Australia emphasised the deep ties between India and Australia beyond trade and diplomacy.
He said, “Australia and India share a partnership that goes beyond trade and diplomacy. It is a bond rooted in shared values, deep ties and mutual aspirations. Given this strong relationship, India plays a key role in CPA Australia’s global strategy.” He added, “By forming strategic partnerships with leading Indian bodies such as ASSOCHAM and the Institute of Chartered Accountants of India (ICAI), we aim to promote knowledge sharing and prepare business professionals in India to meet the needs of the emerging market.” In line with this vision, CPA Australia and ASSOCHAM signed a Memorandum of Understanding (MoU) to foster collaboration, enhance professional skills and promote global best practices. Chris Freeland AM, CEO of CPA Australia, said, “As the third oldest professional accounting body in the world, CPA Australia is committed to empowering professionals with the tools, knowledge and global perspectives needed to navigate today’s complex business environment. With this partnership with ASSOCHAM, we aim to foster innovation, build capabilities and create opportunities for the next generation of talent.” Highlighting the findings of the report, Prof. Del Pinto commented, “India’s rapid adoption of AI and technology highlights the growing need for continuous professional development to build contemporary and interdisciplinary skills for the AI era.” The discussions between CPA Australia and ASSOCHAM also linked to India’s long-term economic goals, including the vision of becoming a developed nation by 2047, with a special focus on digital transformation and investment in infrastructure.
