Artificial Intelligence Adoption Among Nepalese Industries

Abstract

Recent advances in technology in the fields of artificial intelligence (AI) and machine learning (ML) are significantly changing business environment. In the high-tech competitive edge, it has the immense use of computerized knowledge analytics, particularly for information management and the industrial sector. This study aims to analyze adoption of artificial intelligence among Nepalese industries, how industries are ready to adopt AI, challenges being faced and ways for improvement. Findings of the study revealed that on average 20.77% industries are ready in terms of technological sufficiency, 29.91% industries are ready in terms of management efficiency, and 39.23% industries are ready in terms of value creation potential in the firm for the adoption of AI intelligence. Further, 56% industries stated that small market size and lack of skilled manpower are the major challenges for AI adoption. Therefore, this study concludes that as stated by 44% industries, if they get adequate and relevant support from government, it would be easier for them to adopt AI.