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The financial services sector is increasingly focusing on data governance, with 86% of professionals implementing AI security, ethics, and governance policies. This marks an 11% increase from the global average across all sectors. The emphasis on data governance in the sector reflects the growing importance of ensuring the responsible and ethical use of AI technologies. By implementing robust policies, financial services professionals aim to secure the future success of their businesses and build trust with customers.
Data governance plays a crucial role in the financial services industry, where the handling of sensitive financial data requires strict regulations and standards. With the rise of AI technologies in the sector, there is a pressing need for clear guidelines to ensure the ethical use of AI and protect customer data. By calling for AI regulations and standards, financial services professionals are advocating for a more transparent and accountable approach to AI implementation. This proactive stance reflects a commitment to upholding ethical standards and building trust in the industry.
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