The Responsible AI Index

Only 8% of Australian companies have a mature approach to Responsible AI – where is your organisation at?

Fifth Quadrant, Ethical AI Advisory and Gradient Institute have partnered to create the inaugural Responsible AI Index, sponsored by IAG and Telstra. 

The Index identifies that fewer than one in 10 Australian-based organisations believe they are mature in their approach to deploying responsible and ethical AI.   

Responsible AI is designed and developed with a focus on ethical, safe, transparent, and accountable use of AI technology, in line with fair human, societal and environmental values. It is critical in ensuring the ethical and appropriate application of AI technology, which is the fastest growing technology sector in the world, currently valued at US$327.5bn (IDC 2021). 

The Responsible AI Index, developed by Ethical AI Advisory, Gradient Institute and Fifth Quadrant, studied 416 organisations operating in Australia and found that only eight per cent are in the Maturing stage of Responsible AI, while 38 per cent are Developing, 34 per cent are Initiating, and 20 per cent are planning. The mean score was 62 out of 100, or at the Initiating stage.  

The Index looks at how well organisations perform in leadership support for responsible AI; having governance mechanisms in place; data management and security; engagement of the workforce and consultants; and monitoring and review their AI systems and their impacts.

You can complete the form on the right to download your copy of the the report or learn more about the research here.

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Steve Nuttall
Director - Fifth Quadrant

Steve Nuttall heads up Fifth Quadrant’s customer experience research and insights team. He has more than 25 years working in various senior roles advising blue chip organisations and agencies across Europe, Asia and Australia.

 

This research would not be possible without the reports sponsors:

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