The survey, conducted in the first half of 2025, gathers responses from 80 experts from various industries, with the majority of the financial services and ICT sectors. Respondents included technology leaders, legal advisors, risk and compliance experts, and C-suite executives.
In this video, Colin Rooney, partner and head of Technology and Innovation Group, shares his recent insights. Manage AI and drive innovation A research event held at Arthur Cox. Colin discusses the key findings of the survey, explores evolving perceptions of AI-related risks, and provides a practical perspective on how organizations can strategically leverage AI as EU AI law approaches implementation.
Video Transcription
Colin Rooney
I'm Colin Rooney, head of technology and innovation at Arthur Cox. AI is no longer theoretical. 97% of the organizations surveyed use it in some way. When a client comes to us about AI and talks to us, it's nothing to say anymore, we can use AI, that's how we should use AI now. How do you do it complementary? What regulatory or governance framework should you put in place? What risks should you consider?
With the EU AI law and its enforcement on the horizon, I thought it was a good time to benchmark preparation and perceptions of risk within the market. In terms of outcome, I think three particular things were surprising. First of all, there is some preparation for governance in terms of roles and people being appointed to specific positions, but I certainly think there is still more to do with regard to AI literacy and governance. We expect further developments in awareness and training over the next few weeks and months. There is a certain degree of confusion between being a provider or deployer, especially as it is important to understand the risk classification, and in particular the role it plays within the EU AI law ecosystem. I think there's a sense that AI is being used to reduce costs and reduce costs to promote it, because we think that it's possible to reduce costs and compete in the future. company.
Over the next 2-3 years, I think we will move from an AI experimental position to embedding AI into your business. This means focusing on decision-making, focusing on driving values from AI, and focusing on risk assessment and management. This is especially thought by organizations that are likely to expand AI in a favorable and meaningful way, as they spend time planning governance, implementing risk management, and generally consider the ways in which AI is used responsibly in the business. They also feel that there is a greater competitive potential for organizations resulting from AI use.
So, while the regulated roads we are on certainly will pose some constraints, it can also be a catalyst for trust and innovation. If you would like to discuss findings from the survey or other issues raised by the presentation, feel free to contact our partners at arthurcox.com/technologyandinnovation.
