By Divya Chowdhury
DAVOS, Switzerland (Reuters) – The chief executive of Japanese IT company NTT Data said global standards in artificial intelligence (AI) regulation would reduce risks in the development of the rapidly emerging technology.
“The problem, especially when it comes to AI, is not over-regulation or under-regulation, but more standard regulation on a global scale,” Abhijit Dubey told the Reuters Global Markets Forum .
“This is what we really need, because otherwise we create a lot of risk,” he said on the sidelines of the World Economic Forum’s annual meeting in Davos, Switzerland.
Dubey said intellectual property protection, energy efficiency and measures to prevent piracy and deep butts were areas where a global approach could yield results.
Companies needed to see their business and AI strategies as a single strand to realize that the productivity gains new technologies could provide.
“The biggest problem with AI in terms of getting the value is not the technology, the technology is there. It will only get better and it will get better faster,” he said .
It was about whether a company’s workforce was ready to adopt the new technology, and whether the data architecture was set up to implement it, Dubey added.
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