HCLTech and MIT technology review insights report emphasises urgency for enterprises to implement responsible AI principles
expresscomputer.in
A study by HCLTech and MIT Technology Review Insights revealed that while 87% of business executives believe that responsible AI principles are critical to adopt, 85% of all executives say they are unprepared to implement them.
The findings reveal that despite the recognised importance of responsible AI, a significant gap exists between the acknowledgment of its importance and the ability to implement it effectively.
The challenges attributed to the adoption vs preparedness gap include:
- Complexity of implementation
- Lack of expertise
- Difficulties in managing operational risks
- Regulatory compliance challenges
- Inadequate resource allocation
On a more optimistic note, the study revealed that business executives plan to increase investments in building responsible AI in the next twelve months.
The report — Implementing Responsible AI in the ...
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