An overwhelming 81% of CEOs and senior leaders support a set of global regulations and standards on artificial intelligence, a TCS survey conducted on Wednesday revealed.
However, a survey of 1,300 leaders from companies with over $1 billion in revenue each found that the impact of AI on jobs was less clear, with mixed expectations.
According to the survey, respondents advocate for ethical AI frameworks to guide responsible use, especially in areas where AI decision-making impacts important socio-economic factors such as healthcare and finance.
“Interestingly, an overwhelming 81% of leaders surveyed want a more 'global' set of regulations and standards for AI,” said K Krithivasan, CEO of TCS. stated in the preface of the report.
A survey conducted this year found that only 4% of respondents felt it was premature or unnecessary to regulate AI, and 14% preferred a “heterogeneous environment” of local regulation.
It is worth noting that regulatory issues surrounding AI have been widely discussed over the past few years, especially since the broader role of AI in human life became clear and the introduction of generative AI tools.
“As AI systems begin to replicate complex human decisions, there is an increasing need to ensure that these technologies operate within ethical boundaries,” the TCS study said.
He added that the use of generative AI also presents other challenges, including security and privacy, lack of IT readiness for which many organizations are ill-equipped, talent development, and even cultural change.
Interestingly, on the key issue of AI's impact on job creation, 49% of executives said AI will either increase the number of jobs created or have no impact at all, while 47% say He said he expects more jobs to be cut than the number of jobs being cut. It will be created.
Approximately 45% of respondents said up to half of their workforce will be using Gen AI every day within three years.
Nearly two-thirds of business leaders surveyed said that “human creativity,” or strategic thinking, will continue to be a competitive advantage for their companies.
In a survey of executives from 24 countries and 12 industries, 86% of respondents said they were already implementing AI to improve revenue.
“However, enterprises are realizing that the path to producing AI solutions is not easy and that building an AI-mature enterprise is a marathon, not a sprint,” said Harrick Vin, TCS Chief Technology Officer. says Mr.
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