Innovation in AI is in danger of outpacing governance
Posted by:
John Harrison
A recent report by NTT Data reveals that 80% of executives are concerned that AI innovation is surpassing governance, with less than one-fourth having strong AI frameworks. The rapid development of AI has caused worries about governance, security, and workforce readiness falling behind. Despite the growing adoption of AI, leaders believe that leadership and governance are not keeping up with advancements in AI. Concerns include unclear regulations hindering AI initiatives’ scalability and security risks. Most organizations lack a robust AI governance framework and struggle with policy implementation. Additionally, there are worries about employees not being prepared for full-scale AI adoption, impacting corporate sustainability goals. NTT Data’s CEO emphasizes the importance of responsible innovation in AI development, highlighting the need for ethical guidance, governance, and upskilling employees. It is crucial for businesses to embed responsibility into AI’s foundation to unlock its full potential while ensuring it benefits all stakeholders.
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