Knowledge – 51% Gen Z and Millennial Business Leaders – 51% Need for regulation and ethics As we saw in Traci Gusher's speech, the main reasons for concern about the rapid advancement of AI are ethical issues and the lack of regulation. According to the report, business leaders are aware that controls are needed and believe that the government should act in regulating AI technology. See the numbers by sector: Industrial manufacturing – 94% Retail – 87% Financial services – 86% Biological sciences – 86% Technology - 86% Health – 84% Government – ​​82% Then there are the groups that stand out, such as business leaders with high knowledge of AI, who are more likely to say that the government should participate in the regulation of AI technology. 

That's 92% who said yes, 5% more than the overall average of business leaders, which scored 87%. Specializing in technology for government, KPMG advisory director Rob Dwyer also believes regulation is important. “A more robust regulatory environment [b][url=https://www.latestdatabase.com/uk-phone-number-list/]UK Phone Number List[/url][/b]n can help facilitate trade. It can help remove unintended barriers that may be the result of other laws or regulations, or due to a lack of maturity in legal and technical standards,” he said. AI to combat Covid-19 and other challenges Despite ethical concerns, many leaders are confident about the benefits that the use of Artificial Intelligence can bring not only to markets but to society as a whole. 

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Also according to KPMG research, company leaders in the life sciences and health sectors, for example, strongly believe in AI's ability to continue helping to combat Covid-19. The responses from the two sectors were divided into three possibilities for applying the technology: Monitor the spread of cases – 94% and 91% Help in the development of vaccines – 90% and 94% Distribution of vaccines - 90% and 88% But it's not just during the pandemic that business owners are confident in AI's ability to solve problems. In the financial services sector, for example, confidence in the ability of Artificial Intelligence to help detect fraud has grown since the last report, jumping from 85% in 2020 to 93% this year. Already 79% of respondents from the government sector say they are confident in the ability of AI to bring improvements to bureaucratic efficiency. You can check out the complete study by KPMG consultancy – in English – here at this link . And find out more about the challenges of Artificial Intelligence by subscribing to our newsletter!