Organisations that put stronger governance, data quality and auditability measures around AI are significantly more likely to report higher returns from their AI investments, said a report, adding over 62% experienced such returns compared with 4% of organisations with weaker practices.
Even as AI spending surges, few banks have established the necessary governance and guardrails – and nearly half misjudge their own AI readiness, says a study.
Ithmaar Development Company (IDC), a specialised company in the development and management of major development, real estate and other infrastructure projects, and a wholly-owned subsidiary of Ithmaar Group, has appointed Nayef Nasser Alnasser as a Managing Director of IDC, succeeding Mohammed Khalil Alsayed.
