60% of Indian businesses prioritising responsible AI adoption, Nasscom survey reveals
Approximately 60% of Indian companies claim to either adhere to mature practices in responsible artificial intelligence or have taken steps towards its adoption, as per Nasscom's recent survey.
artificial intelligence
Highlights
- The survey indicates a positive trend, with a majority of businesses in key sectors progressing towards matured RAI practices
- An encouraging finding is that 89% of surveyed companies expressed a commitment to continue investing in workforce sensitisation and training to enhance RAI compliance
In a significant development for India's tech landscape, a recent survey conducted by Nasscom reveals that approximately 60% of Indian companies are actively adopting responsible artificial intelligence (RAI) practices. The State of Responsible AI (RAI) in India survey sheds light on the growing awareness and implementation of ethical and safe AI technologies within the business sector.
Maturing practices across industries
The survey indicates a positive trend, with a majority of businesses in key sectors such as BFSI and healthcare progressing towards matured RAI practices or actively working on their adoption. Around two-thirds of companies in these sectors reported having well-established RAI practices or were in the process of implementing them.
Commitment to workforce sensitisation
An encouraging finding is that 89% of surveyed companies expressed a commitment to continue investing in workforce sensitisation and training to enhance RAI compliance. Even businesses with lower levels of RAI maturity showed a dedication to improving compliance through investments in training initiatives.
Disparities among enterprises
The survey also highlighted notable differences among enterprises based on their size. Large enterprises, with an annual revenue exceeding Rs 250 crore, were 2.3 times more likely than startups and 1.5 times more likely than SMEs to report matured RAI practices. This emphasises the need for tailored approaches to RAI adoption based on the scale and resources of the organisation.
Barriers to implementation
Despite the positive momentum, the study identified challenges hindering RAI implementation in India. The lack of access to high-quality data and a shortage of skilled technical and management personnel emerged as the most significant barriers.
Future implications
Debjani Ghosh, President of Nasscom, believes that these insights will contribute to the formulation of stronger industrial policies and strategies focused on ensuring compliance with RAI. As India positions itself as a global hub for AI development, the survey findings are expected to guide AI governance and regulations, striking a delicate balance between innovation and ethical principles.
Prime Minister Modi's recent emphasis on India's commitment to responsible and ethical AI use further underlines the global discourse surrounding the importance of ethical practices in the rapidly advancing field of artificial intelligence.
COMMENTS 0