Kathmandu. Technology risks are increasing in firms worldwide. That’s because 43% of firms still haven’t introduced a formal artificial intelligence (AI) risk management framework. However, technology is rapidly being integrated into day-to-day operations. <\/p>\n
According to Gallagher-Rico’s third annual AI Options and Risk Survey of 1,200 companies around the world, insurance and risk mitigation strategies typically require rigorous impact assessments. The survey found that only 44% of businesses have formally evaluated their AI usage. <\/p>\n
This lack of technical oversight persists, even though 62% of firms around the world have already trained employees with AI and 55% have hired them for AI-specific roles. <\/p>\n
AI productivity has also been reported to increase by 86% of firms. However, only 56% of organizations have communicated their AI strategies to their employees. As a result, nearly half of businesses surveyed leave employees without clear guidelines on how to interact with technology. <\/p>\n
From a liability and risk perspective, businesses are also prioritizing human oversight to reduce setbacks in customer interactions and solve complex problems. In the survey, 34% of respondents cited the “human touch” in customer relationships as the reason to save human jobs. While 31% said that human intervention is needed to solve problems that technology cannot handle alone. \u2013Agency<\/p>\n","protected":false},"excerpt":{"rendered":"
Kathmandu. Technology risks are increasing in firms worldwide. That’s because 43% of firms still haven’t introduced a formal artificial intelligence (AI) risk management framework. However, technology is rapidly being integrated into day-to-day operations. According to Gallagher-Rico’s third annual AI Options and Risk Survey of 1,200 companies around the world, insurance and risk mitigation strategies typically […]<\/p>\n","protected":false},"author":16,"featured_media":278339,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45044,45159],"tags":[],"class_list":["post-293158","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international-news-en","category-news-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/293158","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=293158"}],"version-history":[{"count":1,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/293158\/revisions"}],"predecessor-version":[{"id":293159,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/293158\/revisions\/293159"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/278339"}],"wp:attachment":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=293158"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=293158"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=293158"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}