By Divya Chowdhury
DAVOS, Switzerland (Reuters) – The chief executive of Japanese IT company NTT Data said global standards in the regulation of artificial intelligence (AI) will reduce risk in the development of the rapidly emerging technology.
“The issue, especially as it relates to AI, is not over-regulation or under-regulation, but more of more standard regulation,” Abhijit Dubey told the Reuters Global Markets Forum.
“That’s 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 the protection of intellectual property, energy efficiency and measures to prevent piracy and deep phases are areas where a global approach could yield results.
Companies needed to view their business and AI strategies as a single strand to realize the productivity that new technology could deliver.
“The biggest problem with AI in terms of getting value is not the technology, the technology is there. It’s just going to get better and better,” he said.
It was about whether the company’s workforce was ready to adopt the new technology and whether the data architecture was set up for it, Dubey added.
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