Why Invest In AI Ethics And Governance?
IBM News, Thursday, January 2nd, 2025
Investing in AI ethics has the potential to create quantifiable value.
Generative AI is revolutionizing industries, but its dizzying ascendance has also raised significant ethical concerns. Balancing the potential benefits with ethical and regulatory implications is crucial.
But it's not easy. In unpublished IBM Institute for Business Value (IBM IBV) research, 80% of business leaders see AI explainability, ethics, bias, or trust as a major roadblock to generative AI adoption. And half say their organization lacks the governance and structures needed to manage generative AI's ethical challenges.
In the face of this uncertainty and risk, many CEOs are hitting pause. More than half (56%) are delaying major investments in generative AI until they have clarity on AI standards and regulations, and 72% of executives say their organizations will actually forgo generative AI benefits due to ethical concerns.