“However, despite the confidence, many UK organisations remain in planning mode when it comes to AI governance, with formal AI policies, frameworks and incident plans still being measured. This poses significant risks – cyber, legal, societal, reputational and beyond – which leave many businesses vulnerable,” Rhee said. “The optimism and ambition of UK business leaders is notable, but it is crucial that they now translate this into robust governance, oversight and risk management frameworks that help protect them from the associated risks.”
