Responsible AI is core business priority for Indian enterprises

RESPONSIBLE AI (RAI) has rapidly shifted from being merely an ethical consideration to a core business priority for Indian enterprises, with companies increasingly recognising its role in building brand integrity and fostering long-term stakeholder trust, according to a report launched by Nasscom on Thursday.

- EXPRESS NEWS SERVICE

The report highlighted that Indian businesses are showing strong momentum in their RAI journeys. Around 30% of organisations have established mature RAI practices, while 45% are actively implementing formal frameworks, marking a positive trend compared to 2023. A key finding shows a direct correlation between AI capabilities and responsible practices: companies with higher AI maturity tend to have stronger RAI frameworks, with nearly 60% of businesses confident in scaling AI responsibly having mature practices in place. This progress spans organisations of all sizes. Large corporations lead at 46%, while SMEs and startups are gaining ground at 20% and 16%, respectively. Sector-wise, banking, financial services, and insurance (BFSI) leads at 35% maturi