Tata Consultancy Services (TCS) released a report stating that 86% of senior business executives have deployed artificial intelligence (AI) to boost revenue. The study highlights a shift towards using AI for innovation and revenue growth rather than solely for productivity and cost optimization. Despite enthusiasm, only 4% of businesses have transformed due to AI, with challenges including infrastructure readiness and evolving customer expectations. Executives anticipate AI’s impact to rival that of the internet and smartphones. While AI projects are prevalent across various sectors globally, businesses recognize the need for global AI standards and regulations.