Indian CEOs Say No Effective AI without Effective Governance: IBM Study

Bengaluru: A new study by the IBM Institute for Business Value found that surveyed Indian CEOs are facing workforce, culture and governance challenges as they act quickly to implement and scale generative AI across their organizations. The annual global study of 3,000 CEOs from over 30 countries and 26 industries reveals a high importance placed by Indian CEOs on AI governance, with 71 per cent of those surveyed saying trusted AI is impossible without effective AI governance in organizations. Substantiating it further, 75 per cent Indian CEO respondents say governance for generative AI must be established as solutions are designed, rather than after they are deployed. At the same time, the study also noted a contrast in actual adoption of AI governance policies with only 42 per cent Indian CEO respondents saying they have good generative AI governance in place today. The other key study findings include - people and skills are at the heart of successful generative AI adoption, 71 per cent of Indian CEOs surveyed say that succeeding with AI will depend more on people’s adoption than the technology itself and 49 per cent of Indian CEO respondents says they are hiring for Gen AI roles that didn’t exist last year.