Organisations with a broad AI ethics strategy interwoven throughout business units may have a competitive advantage , reports new IBM study
AI & ML
Organisations with a broad AI ethics strategy interwoven throughout business units may have a competitive advantage , reports new IBM study
WRITTEN BY : DOMINIC ELLIS
McKinsey Global Institute research suggests that by 2030 , AI could deliver additional global economic output of $ 13tn per year . But its implementation is proving to be a double-edge sword .
Cybersecurity issues , exposure to AI risks and need for clearer regulations regarding risk mitigation head the list of corporate concerns – with building trust being seen as a key component in authenticating AI technology and its global acceptance .
A new IBM Institute for Business Value ( IBV ) study – which surveyed more than 1,200 executives across 16 business and technology roles in 22 countries – found more than three-quarters of business leaders surveyed agree that AI ethics is important to their organisations , up from about 50 % in 2018 .
When asked which function is primarily accountable for AI ethics , 80 % of respondents pointed to a non-technical executive , such as a CEO , as the primary ‘ champion ’ for AI ethics , a sharp uptick from the 15 % in 2018 . energydigital . com 71