Lower than a fifth (19%) of organisations within the UK have carried out a complete AI technique, regardless of widespread adoption, in accordance with new analysis.
Analysis from the legislation agency Shoosmiths with FT Longitude has discovered that AI governance shouldn’t be a high precedence for a lot of companies, with lower than 1 / 4 (24%) citing regulatory compliance as a high concern, in contrast with 44% amongst EU firms.
The legislation agency notes that amongst these surveyed, round 61% of firms are on the early phases of establishing correct governance constructions, with the remainder even additional behind.
“There’s typically strain to speed up AI adoption, however doing so and not using a sturdy AI governance framework in place received’t seize the worth of AI and information property, or ship sustainable returns on AI funding,” mentioned Sarah Reynolds, expertise and AI companion at Shoosmiths.
“Accountable AI isn’t just about mitigating threat and operationalising regulatory compliance. Our analysis reveals that there’s a direct correlation between extremely trusted and high-performing AI programs – so if organisations promote excessive requirements of public security and threat administration they not solely carry out higher, however additionally they construct reputational capital and obtain a aggressive benefit.”
Regardless of this, nearly two-thirds (64%) nonetheless declare AI’s influence has been considerably optimistic.
“Once we converse to companies to search out out the place the info that underpins their AI fashions is coming from, the solutions should not at all times reassuring,” mentioned Alex Kirkhope, expertise and outsourcing companion at Shoosmiths.
“Typically, [companies] are constructing their options on third-party fashions and outsourcing information internet hosting capabilities. This supplies a consolation blanket of assurance that information is managed accurately, however it’s not at all times justified.”
