Only 10 pc of Indian CEOs confident about reliability of AI applications: PwC India

Organisations are still not confident about implementing industrial artificial intelligence (AI) solutions which can be embedded in the workflow of applications and help in the day-to-day decision-making process, according to a recent survey conducted by global consulting major PwC.An overwhelming majority of decision-makers worldwide confessed that they may not have robust tools or processes for ensuring the reliability of their AI solutions. Interestingly, only 10 per cent of Indian respondents were confident about the reliability of their AI applications, show findings of the survey with over 1,000 business decision-makers from India and other regions.However, nearly 62 per cent of Indian corporate chiefs say their organisations have implemented AI in some form. But the worrying part is that 53 per cent of Indian respondents significantly outnumber their global counterparts (36 per cent) in admitting that they have no formal approach to identify AI risks.In addition, 29 per cent of