AI Emerging at Faster Pace in Organizations: KMPG Survey

Significant incorporation of AI in various organizations recovers them from COVID whiplash.

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AI Emerging at Faster Pace in Organizations KMPG Survey THE POLICY TIMES

Whiplash by the pandemic; business firms have sorted to AI adaptation. According to a report by audit firm KPMG, they see hope in AI and are confident in solving challenges.

 The  KMPG survey

Studies report that nearly half of business leaders in the manufacturing, retail, and technology sectors believe AI is moving faster than it should.  A survey by KMPG noted 950 business leaders across seven industries including technology, financial services, manufacturing, and healthcare. Traci Gusher, principal of AI at KPMG said, ” many business leaders do not have a view into what their organizations are doing to control and govern AI and may fear risks are developing.

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AI during the pandemic

In the field of Healthcare and life sciences, AI facilitated the detection of COVID-19 infections and the creation and delivery of the vaccine. This sentiment was also adopted by the Finance executives who could trace frauds significantly during the lockdown.

TPT Policy Advocacy & Recommendations

  • Despite adding routine tasks to data management and Drug creation. It comes with it setbacks that mandate extensive training with curated data sets to perform the operation. AI sector should resuscitate its automated help to ease the learning.
  • Health and Technology have been friends with foes, between these extremes skills are pertinacious. Change in any industry can be challenging. Since Healthcare is crucial and tailored for each patient; artificial intelligence proofing becomes mystifying. Change in the disease patterns may lead to a disparity between training and operational data while the black box decision-making feature disables interpretation to predict the potential and intended sequences of the drugs. This makes AI-guided services vulnerable to a discrepancy. Software engineers should address these aspects to avoid discrepancies in data.
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AI Emerging at Faster Pace in Organizations: KMPG Survey
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Significant incorporation of AI in various organizations recovers them from COVID whiplash.
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THE POLICY TIMES
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