Ethical AI: Are organizations responsible enough with AI or is their investment reckless?

Why do organizations leveraging AI need to be regulated? They’re serving their customers much efficiently while cutting costs right?

According to an ESG research report by Qlik, there is widespread adoption of AI technologies among organizations, an overwhelming 97% of surveyed organizations actively engaging with AI, with a significant portion (74%) already incorporating generative AI technologies in production. This marks a notable shift towards AI-driven operations across sectors.

Read more: Organizations gear up with AI as AI FOMO sets in but many still hesitate

However, while there is active investment in AI, there’s a notable discrepancy in strategic planning with 74% of organizations admitting they still lack a comprehensive, organization-wide approach to responsible AI.

Challenges in ethical AI practices include ensuring transparency and explainability in AI systems, pointing to a critical need for solutions that demystify AI processes. Nearly all organizations (99%) face hurdles in staying compliant with ...