He emphasized that companies must integrate their business and AI strategies to fully leverage the productivity benefits that AI technology can offer.

Dubey's insights underscore the importance of aligning global regulation with business strategies and technological advancements to harness AI's advantages while minimizing associated risks.

A significant concern raised is the protection of intellectual property, as AI generates original works that require legal safeguarding, complicated by inconsistent global standards.

Abhijit Dubey, CEO of NTT DATA, highlighted the urgent need for global regulatory standards for artificial intelligence (AI) during the World Economic Forum in Davos, Switzerland.

As AI technology evolves, establishing clear and consistent guidelines is essential to maximize benefits and minimize risks, ultimately fostering innovation and economic growth.

Developing a standardized set of AI regulations is crucial for ensuring that the transformative potential of AI is harnessed safely and equitably worldwide.

Dubey raised concerns about AI-generated deepfakes, which can spread misinformation, stressing the need for clear guidelines to mitigate these risks.

Dubey called for collective efforts among international stakeholders, businesses, and policymakers to shape AI's future for the benefit of society.

Key areas for a global regulatory approach include intellectual property protection, energy efficiency, combating piracy, and addressing the challenges posed by deepfakes.

He noted that the primary challenge in harnessing AI's value lies not in the technology itself but in ensuring workforce readiness and the necessary data architecture are in place.

As investment in AI continues to grow, establishing standardized rules can help stabilize the market and reduce risks associated with AI integration, particularly in technology-heavy sectors.

The CEO emphasized the necessity of unified AI governance to align workforce readiness and data systems, which are essential for maximizing AI's benefits.