78% of UK firms overlook AI compliance despite rising adoption

Despite growing enthusiasm for artificial intelligence (AI) in the UK, a new survey has revealed that more than three-quarters (78%) of companies are failing to implement measures to protect against AI-related breaches. Over 60% of these companies are simultaneously pushing forward with the adoption of more AI technologies.

The research, conducted by compliance software and eLearning firm VinciWorks, identifies compliance concerns as a significant hurdle in the adoption of AI. With the number of organisations using or planning to adopt AI increasing, the potential for serious compliance breaches has magnified, underscoring the necessity for robust compliance frameworks.

A decision by the new Labour government to exclude a promised AI bill from the King's Speech has added to the confusion for companies trying to navigate the complex compliance requirements, particularly those from the EU. A majority of companies (over 61%) acknowledge that their businesses will be impacted by the EU's AI Act, with only 22% believing they will remain unaffected.

Despite Brexit, the EU's AI regulation, which came into effect in August, will influence UK companies utilising AI. These new regulations could lead to fines nearly double those imposed under the General Data Protection Regulation (GDPR).

"AI offers significant potential for businesses, but serious risks for companies who don't take AI compliance seriously," said Nick Henderson-Mayo, Director of Learning and Content at VinciWorks. "It's not only the AI Act companies have to be aware of, but misusing AI can result in GDPR penalties too, along with a myriad of other breaches, from equality to employment law. Businesses must approach AI with a dual focus: innovation and responsibility."

VinciWorks remains engaged in preparing professionals for the AI era. Its comprehensive suite of AI compliance courses aims to equip businesses with the knowledge and tools to navigate the complexities of AI in the workplace. Through understanding both the opportunities and potential risks associated with AI, companies can effectively harness its capabilities while mitigating related risks.

The survey by VinciWorks polled 343 compliance professionals, gathering their perspectives on the UK's approach to AI regulation. The findings highlight the critical need for organisations to proactively address compliance issues as they integrate AI technologies into their operations. The lack of a clear national legislative framework adds to the challenges faced by these organisations, particularly in aligning with stringent EU regulations.