Just 2% of firms have adequate responsible AI measures in place
AI incidents can cause direct financial losses, with 26% costing more than US$1 million.
Poorly implemented AI can create reputational risk and financial losses, but only 2% of companies have adequate measures in place to protect themselves.
In an Infosys survey of over 1,500 business executives across Australia, France, Germany, the UK, US and New Zealand, 86% of firms said they anticipate more risks from AI implementation, and 95% of C-suite and director-level executives reported AI-related incidents in the past two years – including privacy violations, ethical violations, bias or discrimination, regulatory non-compliance and inaccurate or harmful predictions, among others.
