Global AI Regulation Crucial to Reduce Risk
Davos, Switzerland (Reuters) - The CEO of Japan's NTT DATA has emphasized the importance of global regulatory standards for artificial intelligence (AI) to mitigate risks in its rapid development.
"The key issue, particularly with AI, is not excessive or insufficient regulation, but rather establishing standardized regulation worldwide," Abhijit Dubey stated at the Reuters Global Markets Forum.
"This is essential to minimize potential risks," he said during the World Economic Forum's annual gathering in Davos.
Dubey identified areas where a coordinated global approach could prove beneficial, such as intellectual property protection, energy efficiency, piracy prevention, and deepfakes.
Companies should integrate their business and AI strategies to harness the productivity enhancements offered by new technologies.
"The primary challenge with AI in terms of realizing value lies not in the technology itself, which is readily available and continuously improving," he said.
Rather, the focus should be on workforce readiness to adopt AI and ensuring the necessary data architecture is in place, Dubey added.