ESG Research Unveils Critical Gaps in Responsible AI Practices Across Industries
April 24 2024 - 8:30AM
Qlik®, a global leader in data integration, analytics, and
artificial intelligence (AI), has sponsored a study by TechTarget’s
Enterprise Strategy Group (ESG) to shine a light on the state of
responsible AI practices across industries. This landmark research
delves into the pressing need for robust ethical frameworks,
transparent AI operations, and cross-industry collaboration to
navigate the complexities of AI integration into business
processes. The findings underscore the urgency for organizations to
prioritize responsible AI to not only adhere to emerging
regulations, but also to foster trust and inclusivity in AI-driven
innovations.
The ESG research report reveals insightful data
on the adoption, challenges, and strategic initiatives surrounding
responsible AI:
- Widespread Adoption of AI
Technologies: An overwhelming 97% of surveyed
organizations are actively engaging with AI, with a significant
portion (74%) already incorporating generative AI technologies in
production. This marks a notable shift towards AI-driven operations
across sectors.
- Investment Versus Strategy
Gap: While all respondents acknowledge active investments
in AI, a stark 61% are dedicating a substantial budget towards
these technologies. However, there's a notable discrepancy in
strategic planning with 74% of organizations admitting they still
lack a comprehensive, organization-wide approach to responsible
AI.
- Challenges in Ethical AI
Practices: The report highlights several key challenges
faced by organizations, including:
- A significant 86% face challenges with ensuring transparency
and explainability in AI systems, pointing to a critical need for
solutions that demystify AI processes.
- Nearly all organizations (99%) face hurdles in staying
compliant with AI regulations and standards, underscoring the
complex regulatory landscape surrounding AI technologies.
- Operational Impact and
Prioritization of Responsible AI: Despite the challenges,
a robust 74% of organizations rate responsible AI as a top
priority, signaling a growing recognition of its importance. Yet,
over a quarter of organizations have encountered increased
operational costs, regulatory scrutiny, and market delays due to
inadequate responsible AI measures.
- Stakeholder Engagement in
AI Decision-making: The research emphasizes a broad
stakeholder landscape in the realm of responsible AI, with a
significant emphasis on IT departments playing a proactive role.
This highlights the necessity for inclusive and collaborative
approaches in ethical AI deployment and governance.
In light of the ESG Research findings, Qlik
recognizes the imperative of aligning AI technologies with
responsible AI principles. The company’s initiatives in this area
are grounded in providing robust data management and analytics
capabilities, essential for any organization aiming to navigate the
complexities of AI responsibly. Qlik underscores the importance of
a solid data foundation, which is critical for ensuring
transparency, accountability, and fairness in AI applications.
Qlik's commitment to responsible AI extends to
its approach to innovation, where ethical considerations are
integrated into the development and deployment of its solutions. By
focusing on creating intuitive tools that enhance data literacy and
governance, Qlik aims to address key challenges identified in the
report, such as ensuring AI explainability and managing regulatory
compliance effectively.
Brendan Grady, General Manager, Analytics
Business Unit at Qlik, said, "The ESG Research echoes our stance
that the essence of AI adoption lies beyond technology—it's about
ensuring a solid data foundation for decision-making and
innovation. At Qlik, we empower businesses not just to deploy AI
but to integrate it meaningfully, aligning with their strategic
objectives. This study underscores the importance of responsible AI
integration as a catalyst for sustainable and impactful
organizational growth."
Michael Leone, Principal Analyst at ESG,
commented, "Our research confirms the growing adoption of AI across
industries, but it also highlights a gap in effectively
implementing responsible AI practices. As organizations accelerate
their AI initiatives, the necessity for a solid foundation that
supports ethical guidelines and robust data governance becomes
crucial. This research aims to guide enterprises in fostering
responsible innovation that aligns with both business objectives
and ethical standards."
To explore the comprehensive findings of the ESG
responsible AI research and its implications for organizations,
interested parties are encouraged to download the full report. This
document offers in-depth insights into the current landscape of AI
integration and the crucial steps required for adopting ethical AI
practices. Access the report at the following link:
https://www.qlik.com/us/resource-library/evaluating-the-pillars-of-responsible-ai
About Qlik Qlik converts
complex data landscapes into actionable insights, driving strategic
business outcomes. Serving over 40,000 global customers, our
portfolio provides advanced, enterprise-grade AI/ML and data
management. We excel in data integration and governance, offering
comprehensive solutions that work with diverse data sources.
Intuitive analytics from Qlik uncover hidden patterns, empowering
teams to address complex challenges and seize new opportunities.
Our AI/ML tools, both practical and scalable, lead to better
decisions, faster. As strategic partners, our platform-agnostic
technology and expertise make our customers more competitive.
© 2024 QlikTech International AB. All rights reserved.
All company and/or product names may be trade names, trademarks
and/or registered trademarks of the respective owners with which
they are associated.
Contact: Keith Parker
keith.parker@qlik.com 512-367-2884