RAI Report Shows Majority of Indian Businesses are Merging Responsible AI. Are You?
A recent report from industry body Nasscom has revealed that a whopping 60 per cent of businesses surveyed are stepping up their game when it comes to adopting Responsible AI (RAI) practices and policies. According to the report, nearly 30 per cent are catching on to RAI imperatives without a formal strategy, showing that the business community is well aware of the growing need for responsible practices in the realm of AI. Who says businesses don’t care about ethics?
Key Strengths and Areas for Improvement in RAI Adoption Revealed
The report also highlights that developers are almost two times more likely than users to have higher levels of RAI maturity. Large enterprises are 2.3 times more likely than startups and 1.5 times more likely than SMEs to report matured RAI practices. Who says big business isn’t keeping up with the times?
How Businesses Can Ensure Robust RAI Implementation
The report also found that workforce development is key in ensuring robust RAI implementation. A whopping 89 per cent of businesses with matured RAI practices are committed to continuing investments in workforce sensitization and training for RAI compliance. Are you investing in your workforce to ensure RAI compliance?
The People in Charge of RAI Compliance
When it comes to accountability, about 69 per cent of respondents suggested that the C-suite or board of directors should be the ones held accountable for RAI compliance. Who says leadership doesn’t matter in ensuring RAI adoption?
Implications for the Future of RAI
Debjani Ghosh, President of Nasscom, says that the year 2023 has brought both opportunities and risks to the fore when it comes to AI adoption. The insights from the survey are anticipated to catalyze the creation of stronger industrial policies and strategies aimed at ensuring compliance with RAI. Who says the future of AI isn’t something to get excited about?
So, are you part of the majority of businesses that are merging responsible AI? How is your business addressing RAI imperatives? We want to know – comment below and let us hear from you!
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