Despite increasing demand for and use of AI tools, 65% of companies can't explain how AI model decisions or predictions are made. That's according to the results of a new survey from global analytics firm FICO and Corinium, which surveyed 100 C-level analytic and data executives to understand how organizations are deploying AI and whether they're ensuring AI is used ethically. "Over the past 15 months, more and more businesses have been investing in AI tools, but have not elevated the importance of AI governance and responsible AI to the boardroom level," FICO chief analytics officer Scott Zoldi said in a press release. "Organizations are increasingly leveraging AI to automate key processes that -- in some cases -- are making life-altering decisions for their customers and stakeholders. Senior leadership and boards must understand and enforce auditable, immutable AI model governance and product model monitoring to ensure that the decisions are accountable, fair, transparent, and responsible."