The latest CPA Australia's Business Technology Report 2024, with ASSOCHAM, reveals Indian businesses' strides in tech adoption. Surpassing global averages, 23% use AI, with 73% planning to expand by 2025. Cybersecurity is a priority for 60%, exceeding the 47% global average. Prof. Dale Pinto highlights India-Australia ties, emphasizing shared values. Strategic partnerships with ASSOCHAM and ICAI aim to bolster skills. CPA Australia's CEO aims to empower professionals for the AI era, aligning with India's economic goals for 2047.

In a promising development, the latest findings from CPA Australia's Business Technology Report 2024, in collaboration with the Associated Chambers of Commerce and Industry of India (ASSOCHAM), shed light on the significant strides made by Indian businesses in embracing cutting-edge technologies. Surpassing other surveyed markets, a remarkable 23% of Indian businesses have already integrated AI into their operations, with an impressive 73% gearing up to expand AI implementation in 2025, well above the global survey average of 52%.

Moreover, the report underscores that 60% of surveyed Indian enterprises are focused on fortifying their cybersecurity measures, outpacing the global average of 47%. This proactive approach towards cybersecurity reflects the commitment of Indian businesses to safeguard their digital assets in an increasingly interconnected world.

Professor Dale Pinto FCPA (Aust.), the esteemed Global President & Chair of the Board at CPA Australia, articulated the deep-rooted bonds between India and Australia that extend beyond mere trade and diplomacy. He emphasized, "Australia and India share a partnership founded on shared values, deep connections, and mutual aspirations. Given this robust relationship, India plays a pivotal role in CPA Australia's global strategy."

Prof. Pinto further highlighted the strategic collaborations with key Indian bodies like ASSOCHAM and the Institute of Chartered Accountants of India (ICAI) to promote knowledge sharing and support business professionals in India in addressing evolving market demands. The recent signing of a Memorandum of Understanding (MoU) between CPA Australia and ASSOCHAM underscores their joint commitment to fostering collaboration, enhancing professional skills, and advocating global best practices.

Chris Freeland AM, the CEO of CPA Australia, reiterated the organization's dedication to empowering professionals with the requisite tools, knowledge, and global perspectives necessary to navigate the complexities of today's business landscape. Through the partnership with ASSOCHAM, the aim is to drive innovation, build capabilities, and create opportunities for the upcoming generation of skilled professionals.

Professor Dale Pinto further emphasized, "India's swift adoption of AI and technology underscores the pressing need for continuous professional development to cultivate contemporary and interdisciplinary skills for the AI era." These sentiments echo the shared commitment towards advancing India's long-term economic objectives, including the vision to achieve developed nation status by 2047, with a pronounced emphasis on digital transformation and robust infrastructure investments.