Report: 95% of executives say it is difficult to hire trained AI professionals

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In line with “The Great Resignation” which swept the US, a new report from the information-based analytics provider RELX found that 95% of respondents consider hiring and retaining AI talent as a challenge. What might be the most surprising takeaway, however, pertains to a perceived disconnect between AI ethics and productivity.

Most of the interviewees (90%) believe that ethical standards in the development and use of emerging technologies can represent a competitive advantage for companies. Banking operators were more likely to think so (95%).

About two-thirds (64%) of senior executives, however, identified existing biases in the AI ‚Äč‚Äčtechnologies used by their company.

Infographic.  Talent and great resignation.  95% of respondents see hiring and retaining AI talent as a challenge.  39% of respondents who said AI negatively impact their industry said this is due to the fact that it requires more training or retraining of workers.  56% invested in improving employee skills to use AI technologies compared to 65% in 2020. 52% of people invested in the future AI workforce through educational initiatives in 2020, up from 65% in 2021. 50 % hired outside talent to assist carry out projects using AI, up from 59% in 2020.

A potential driver for the disconnect between the desire for ethical AI and the existence of biased technologies is that 69% of business leaders believe there is a trade-off between AI ethics and productivity in their company.

Despite the perceived impact on productivity, progress is still being made: 92% of executives are implementing ethics in their AI systems, although 41% are only doing it for new systems and leaving legacy systems intact.

As leaders look forward to 2022, they shouldn’t overlook the importance of training to help mitigate bias and encourage ethical AI. RELX’s latest report indicates that companies offering AI technology training are on the rise. In fact, in 2021, more than 90% of senior executives in five of the eight industries responded that their company offers training in AI technologies. A year ago, the exhibition industry was the only one where over 90% of senior executives responded that their company offers such training. In 2019 and 2020, no industry came close to 90%. Specifically, in 2021, 95% of insurance executives believe their company is prioritizing employee training in developing AI models that do not contain or replicate bias, as well as other good ethical AI practices.

With Ipsos, RELX surveyed 1,021 U.S.-based adults between the ages of 30 and 74 who were full-time employees, with a family income of $ 50,000 +, who work in a company with over 50 employees and are currently an executive or senior decision maker / leader at your company.

Read the full report by RELX.

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