A new study by Carruthers and Jackson reveals that many companies are adopting AI technologies without having a solid data strategy, with 26% lacking one altogether. The report highlights a significant gap in data literacy among employees, with 57% indicating a deficiency in understanding necessary for effective AI use. Although awareness of ethical AI discussions has increased, only 13% have established formal policies. There are some positive trends, as 37% of businesses have adopted multiple governance frameworks for AI, suggesting a gradual shift towards better data management practices.
Many firms have no formal data strategy despite increasing AI usage, according to a new study from Carruthers and Jackson.
An AI Paradox has been created, as the use of AI tools in organizations has surged in the last year, yet employees lack the data literacy to use them effectively.
Weaving data governance principles across the development and integration process, supported by data skills, will greatly increase the likelihood of success for AI systems.
While 44% have seen an increase in conversations around ethical AI, only 13% have turned these conversations into structured policies around AI ethics.
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