More than half (56%) of businesses are delaying major investments in generative AI until there is clarity on AI standards and regulations, according to a recent survey from the IBM Institute for Business Value. At least 72% say they are willing to forgo generative AI benefits due to ethical concerns.
Phaedra Boinodiris, global leader for trustworthy AI at IBM Consulting, remarked that "creating ethical AI is not strictly a technical problem but a socio-technical problem," underscoring the necessity of including diverse stakeholders in AI design.
Boinodiris emphasized the need for teams to extend beyond data scientists, stating "you need a team composed of more than just data scientists" to build responsibly curated AI models.
AI teams should critically assess their projects by addressing questions such as 'Is this AI solving the problem we need it to?' and 'What are the unintended effects of AI?'.
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