Gain trust by addressing the responsible AI gaps

Over the past couple of years AI risks and ethical considerations of AI are coming to the forefront. With the increased use of AI for contact tracing, workforce safety and planning, demand forecasting and supply chain disruption during the pandemic, a number of risks around privacy, bias, safety, robustness, and explainability of AI models have emerged. AI risk identification, assessment, and mitigation varies by the level of AI maturity, company size, industry sector and country of domicile. PwC's Global Responsible AI survey, of over 1,000 C-level executives, conducted in November 2020 reveals a number of insights as it relates to risks of AI and how companies are assessing, managing and mitigating these risks. The companies surveyed were in a number of industry sectors including financial service, technology, energy, utilities, and health.