Just 10% of top Indian CEOs confident about reliability of AI, says PwC

Artificial Intelligence is fast becoming a political and economic tool, as it is a matter of technology.

Only 10 per cent of top Indian executives are confident about the reliability of artificial intelligence (AI) applications, as India Inc lacks a formal approach to its risk evaluation, a recent study of over 1,000 top-level Indian executives (CXOs) and of other regions has found.

The report, released by PricewaterhouseCoopers (PwC), and called ‘With AI’s great power comes great responsibility’, found 53 per cent Indian respondents said they had no formal approach to identify AI risks. Further, 29 per cent respondents from India said they had no tools to access security flaws in their AI systems. 

The study also found 69 per