Most Asia-Pacific firms unprepared for AI governance amid uncertainty: report
Deloitte report shows stark disconnect between perceived and actual preparedness, says firms need to refine approach for more meaningful impact
Asia-Pacific companies are stumbling in their push to realise the transformative promise of artificial intelligence, analysts say, as inadequate governance structures, mounting security risks and evolving regulations sow uncertainty.
Rob Hillard, Deloitte Asia Pacific’s consulting business leader, told This Week in Asia that most companies in the region had begun creating AI governance frameworks, but the vast majority needed to refine their approach to achieve meaningful impact.
“Our research shows many organisations have begun their journey of setting up AI governance but over 90 per cent could improve their policy and principles to outline their vision of effectiveness,” Hillard said.
Deloitte’s research is based on a survey – also by the company – that was released earlier this month of 900 senior industry leaders across 13 countries in the Asia-Pacific region, including China, India, Australia, Singapore, Indonesia and Singapore.
AI governance refers to the policies and practices that ensure artificial intelligence is implemented effectively and securely, addressing issues such as risk management, ethical standards, regulatory compliance, and alignment with organisational goals.
Deloitte’s report – released on December 3 – revealed a stark disconnect between perceived and actual preparedness, with only 9 per cent of firms achieving a “ready level” of governance that meant an organisation was fully geared up for AI for its own governance and other functions.
