Businesses gear up for responsible AI: Report – Times of India

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NEW DELHI: Nearly 60% of businesses surveyed reported having either matured Responsible AI (RAI) practices and policies or having initiated formal steps towards adoption of such responsible practices, according to a report by industry body Nasscom.
About 30% reported having basic awareness of RAI imperatives without a formal strategy or framework, the report said, citing the early insights on the state of RAI in India.
Based on analysis of the data collected through a survey of over 500 senior executives from across large enterprises, SMEs and startups engaged in the commercial development and/or use of AI (Artificial Intelligence) in India, the report offers a glimpse into the beliefs and perceptions of the tech industry about its key strengths and areas for improvement when it comes to compliance with the benchmarks for RAI adoption.
The rising need for RAI among AI users and stakeholders is compelling industry leaders to invest in advanced RAI tools and strategies while emphasising transparency in their AI practices. As businesses scale up AI maturity, they also tend to report higher RAI maturity, it said.
“About 60% of the surveyed businesses reported having either matured RAI practices and policies or having initiated formal steps towards RAI adoption. 30% reported having basic awareness of RAI imperatives without a formal strategy or framework,” it said.
Developers are almost two times more likely than users to report higher levels of RAI maturity. Large enterprises (those with annual revenue more than Rs 250 crore) are 2.3 times more likely than startups and 1.5 times more likely than SMEs to report matured RAI practices.



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