IBM study reveals 7 out of 10 Indian CEOs think trust in AI is impossible without effective governance

As businesses adopt Artificial Intelligence (AI) on a larger scale, experts suggest that the adoption of AI lacks effective governance. The annual global study by IBM of 3,000 CEOs from over 30 countries and 26 industries reveals a high importance placed by Indian CEOs on AI governance, with 71 percent of those surveyed saying trusted AI is impossible without effective AI governance in organisations.

According to the World Economic Forum, AI’s transformative power can lead to shared economic prosperity, more fulfilling jobs, and increased personal time. However, the absence of comprehensive governance frameworks can take things on a wrong turn.