Indian Enterprises Accelerate AI Adoption Amid Growing Cyber Risks
The past week saw significant advancements in artificial intelligence (AI) adoption by enterprises in India. Anthropic, an AI company, announced its plan to bring in-country AI processing to India through Amazon Bedrock, enabling enterprises to process AI workloads entirely within the country. This move is expected to address data residency requirements and accelerate AI adoption across various industries.
IBM expanded its AI delivery footprint in India with the opening of a new Consulting FutureNow Centre in Visakhapatnam. The facility will support global consulting engagements while expanding IBM's AI-first delivery model and tapping into Andhra Pradesh's growing technology talent pool.
HDFC Bank modernised its wealth management systems by replacing legacy platforms with Infosys Finacle's API-driven platform, enabling a unified digital wealth infrastructure covering multiple asset classes. This transformation is expected to improve advisor productivity, client experience, and operational efficiency while providing the scalability required for the bank's expanding wealth business.
The IBM 2026 Cost of a Data Breach Report found that the average cost of a breach in India climbed to a record ₹25.5 crore, driven by increasingly sophisticated AI-assisted cyberattacks and phishing campaigns.