Let’s delve into each risk, supported by real-world examples from the report—highlighting why Responsible AI (RAI) is not just a guiding principle but a strategic necessity.

Responsible AI (RAI) is no longer a theoretical concept — it's become a cornerstone for business resilience and innovation. As AI and GenAI technologies continue to transform industries, companies are realizing that integrating these tools without responsible frameworks can create significant vulnerabilities. Learn more.

As an insider at EY said, “AI regulation will continue to evolve – but adherence to our principles remains constant.” If you begin on a similarly aware, principled, proactive, holistic foot, the ethical questions posed by AI in the future won’t catch you off guard – you’ll already be prepared.

Businesses face a significant educational barrier, with some 76% of IT professionals currently receiving either no or merely informal support with AI ethical issues. And with only 37–38% of employers recognising the need to give staff that support in the form of AI training, the few who do take the time to understand the ethical challenges and educate their team will be poised to seize the revolution for all its worth. Considering the cost of hiring a new employee can be as much as seven times the cost of upskilling an existing one, that education to use AI responsibly may even save money in the long run. The question is: how to offer it?

In almost any organisation, the implementation of AI and Generative AI solutions will involve a period of transition – and the need for ongoing training and development. From overcoming employee scepticism to refresher training when rules and regulations change or technology advances, a culture of continuous improvement – with responsibility and ethics at its heart – is crucial for organisations serious about AI implementation.

Generative AI has emerged as a significant force in recent years, poised to revolutionise how businesses operate, with many acknowledging its transformative potential in generating high-quality text, analysis, code, images, videos, and more from text prompts.

From the impact of legislative shifts to corporate strategies, delve into key insights shaping responsible AI deployment and the pursuit of an ethical digital future.

Global AI regulations, particularly in the EU, UK, US, and China, will impact businesses worldwide, aiming to ensure responsible AI use and ethical standards, potentially transforming the global AI landscape positively.