British Standards Institute warns of looming AI governance crisis

A leading standards body has warned of a growing “AI governance gap” as business leaders rush to adopt the new technology without first putting the requisite controls and processes in place.

The British Standards Institution (BSI) made its remarks in a new report compiled from AI-assisted analysis of 100+ annual reports from multinationals and two global polls of more than 850 senior business leaders.

On the one hand, nearly two-thirds (62%) of business leaders plan to increase AI investment over the coming year, to boost productivity, efficiency and cost reduction. Over half (59%) said they consider AI critical to future growth.

Read more at Infosecurity Magazine