While AI technology has made notable strides, particularly since the release of Open AI's ChatGPT last year, the associated risks have been causing concerns among businesses, governments, and CIOs
German multinational software company SAP has expressed its support for responsible AI regulation. Julia R. White, Chief Marketing and Solutions Officer and member of the Executive Board at SAP SE, emphasized the importance of well-documented policies during an interaction at SAP TechEd Media & Analyst Experiential Program. She acknowledged the challenges of implementing regulations and stated that SAP's support extends to both the business and public sectors, with an expectation of global adoption.
On Monday, President Joe Biden of the United States issued a far-reaching executive order to oversee the use of artificial intelligence (AI) technology in response to growing concerns about its potential impact on various aspects, including national security and public health. AI companies, like Open AI and Google, predominantly rely on publicly accessible data to train their AI models. Without robust regulations, this situation results in all data becoming effectively public and available for unrestricted use by these platforms. This raises not only concerns about privacy and trust but also a threat to national security.
While AI technology has made notable strides, particularly since the release of Open AI's ChatGPT last year, the associated risks have been causing concerns among businesses, governments, and Chief Information Officers (CIOs).
Even the Indian government has been contemplating formulating comprehensive guidelines for the governance of AI. According to Section 3 of the DPDP Act, companies will be obliged to establish a mechanism for obtaining consent if they collect personal data from users that the users themselves haven't voluntarily disclosed. To simplify, companies will be permitted to aggregate publicly posted data on social media that users have willingly shared. Nevertheless, when a third party publishes the data, companies will need to devise a method for securing consent from the original creator.
However, experts contend that the nation requires a more detailed policy for regulating AI to address concerns such as bias, misinformation, data manipulation, and violations of individuals' privacy. The matter of AI regulation has recently been discussed at the concluded G20 Summit and the G7 Summit.
SAP has been actively developing various Generative AI capabilities to assist businesses in automating labor-intensive tasks and swiftly analyzing enterprise-wide data. These advancements, it claims, will enable the extraction of valuable, actionable insights, resulting in more intelligent and personalized customer experiences.
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