Challenges Of AI Without Formal Regulations
techstrong.ai, Thursday, April 24th, 2025
Andrew Wells, chief data and AI officer for NTT DATA for North America, dives into the inherent challenges organizations face in the absence of formal artificial intelligence (AI) regulations.
In this episode of Techstrong AI, Andrew Wells discusses the findings of a recent NTT Data report showing that both business and technology leaders are eager to innovate with AI-but many are holding back due to the lack of clear regulations.
The absence of global AI standards has created a tug-of-war between the drive to stay competitive and the need to innovate responsibly. Leaders are launching proof-of-concept projects, but fewer than 10% make it to production, often due to concerns about workforce impact, customer experience, and future compliance risks.