Businesses throughout India are investing in accountable artificial intelligence (AI) instruments and methods whereas emphasising transparency of their AI practices, a brand new examine has discovered.

According to a brand new examine by India’s National Association of Software and Service Companies (Nasscom), 60% of Indian companies stated their accountable AI practices and insurance policies have been mature or that they had taken steps in the direction of responsible AI adoption.

About a 3rd (30%) reported having primary consciousness of accountable AI imperatives with no formal technique or framework whereas builders have been virtually twice extra possible than end-users to report larger ranges of maturity in accountable AI.

The rising give attention to accountable AI comes at a time when adoption of AI is rising in India the place extra companies and expertise suppliers are baking AI capabilities into their products and services.

Nasscom’s examine discovered that giant enterprises with annual revenues of over $30m are 2.3 occasions extra possible than start-ups and 1.5 occasions extra possible than small and medium-sized enterprises (SMEs) to report having mature accountable AI practices.

Across industries, about two-thirds of companies in industries corresponding to banking and monetary companies, telecoms and media, and healthcare had adopted mature accountable AI practices, or have been gearing up to take action.

Organisations that had larger ranges of maturity in adopting accountable AI practices have been additionally extra possible than these with decrease ranges of maturity to coach workers on accountable AI practices in a bid to enhance compliance with accountable AI insurance policies.

Nasscom stated as accountable AI adoption continues to evolve, giant scale implementation would depend upon the mitigation of varied technical, industrial, and regulatory challenges.

While companies proceed to give attention to belief and transparency within the industrial improvement and use of AI and AI-enabled applied sciences, the dearth of entry to prime quality information and lack of expert technical and administration personnel stay the largest boundaries to accountable AI implementations, it added.

The trade commerce affiliation additionally famous the essential position that management performs within the profitable adoption of accountable AI. According to the examine, 69% of respondents urged that the key share of accountability for compliance with accountable AI insurance policies ought to lie with their C-suite or board of administrators.

According to the AI recreation changers report by IndiaAI, a government-led trade group, AI is anticipated to boost India’s annual progress charge by 1.3% by 2035 – an addition of $957bn, or 15% of present GVA (gross worth added) to India’s financial system.

Debjani Ghosh, president of Nasscom, famous that though 2023 was undoubtedly the yr of AI, it additionally spurred discussions on the necessity for moral and accountable AI and its “pivotal role in solidifying brand integrity and nurturing enduring relationships with stakeholders”.

“Insights from the survey are anticipated to catalyse the creation of stronger industrial policies and strategies aimed at ensuring compliance with responsible AI. As India gears up to become a global epicentre for AI development and use, these insights will serve as a compass for AI governance and regulations that strike a delicate equilibrium between nurturing innovation and upholding ethical principles,” she added.