The CEO of NTT DATA, a prominent Japanese IT company, emphasized the importance of establishing global standards for regulating artificial intelligence (AI) to mitigate risks associated with the rapidly developing technology. This statement was made during the World Economic Forum’s annual meeting in Davos, Switzerland.
According to Abhijit Dubey, the crucial aspect of AI regulation isn’t about excessive or insufficient oversight, but rather the need for standardized regulations across the globe. A lack of consistent global standards, he argued, creates significant risks in the development and deployment of AI. Dubey highlighted specific areas where a unified global approach would be particularly beneficial, including intellectual property protection, energy efficiency, and measures to combat piracy and the proliferation of deepfakes.
To fully capitalize on the productivity enhancements offered by AI, Dubey stressed the need for companies to integrate their business strategies with their AI strategies. He believes that the primary challenge in extracting value from AI isn’t the technology itself, as it continues to rapidly improve. The real hurdle, according to Dubey, lies in a company’s preparedness to embrace and implement the technology effectively. This includes ensuring that the workforce is adequately trained and that the necessary data architecture is in place to support AI integration. Without these fundamental elements, companies risk falling behind in the race to leverage the transformative power of AI. Dubey’s insights underscore the growing recognition of AI’s potential while emphasizing the critical role of global collaboration in navigating its associated challenges. Harmonizing AI regulations internationally will not only minimize risks but also pave the way for responsible innovation and widespread adoption of this groundbreaking technology.
