Nasscom: Indian Companies Embrace Responsible AI Implementation Efforts

• ByStartupStory     |    December 26, 2023

An extensive survey of 500+ senior executives across Indian enterprises, SMEs, and startups involved in AI development unveils perspectives on AI compliance benchmarks.

“About 60% have either matured RAI practices or started formal steps,” the report noted. Developers display nearly double the RAI maturity compared to users, reflecting a disparity. Larger enterprises exhibit 2.3 times more matured RAI practices than startups and 1.5 times more than SMEs, illustrating a size-based variance in adoption.

The majority in key sectors, including banking, technology, and healthcare, strive for satisfactory RAI maturity. “Workforce development is pivotal,” emphasized Nasscom.

“89% with matured RAI practices commit to workforce training,” Nasscom highlighted. Even those with lower maturity aim to enhance compliance through training, showcasing a unified focus. “Leadership’s backing is crucial for RAI adoption,” emphasized the survey, pinpointing C-suite responsibility in 69% of cases.

Debjani Ghosh of Nasscom highlighted AI’s pivotal role in 2023, emphasizing ethical AI’s importance in brand integrity and stakeholder relations.

“The insights will shape stronger industrial policies for RAI compliance,” Ghosh stated, highlighting the survey’s strategic impact.

As Responsible AI adoption progresses, overcoming technical, commercial, and regulatory hurdles is key. “Trust and transparency are focal points,” the report underscored, citing data accessibility and skill shortages as major barriers to RAI implementation.

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