“AI technology adoption is already widespread,” RAI Institute said. “However, responsible AI frameworks consistently lag behind the speed of innovation. Amidst the surge of complex AI solutions, businesses struggle with executing a critical step in their AI journeys: developing and establishing AI guardrails and ethical policies within their organization.”
Citing two studies, it said that 74% of organizations admit they still lack a comprehensive, organization-wide approach to responsible AI, and only 44% of companies using AI are developing ethical AI policies.
In an interview with CIO.com the organization’s director of policy and delivery, Hadassah Drukarch, said that if organizations do not put in place such a framework, they risk adopting AI in an uncoordinated and inconsistent and non transparent manner that can cause issues, risks, ethical dilemmas, and financial reputational damage.
