As AI technologies, particularly generative AI (GenAI), continue to reshape industries, the conversation around trust and ethics is intensifying. Leading organizations like the UN and the World Economic Forum (WEF), and top consulting firms such as McKinsey, Bain and Deloitte have underscored the critical need for ethical frameworks to guide the development and deployment of AI. These frameworks are essential to ensure that AI systems are transparent, inclusive, and fair, while mitigating risks such as bias and privacy violations.
Key consulting firms including McKinsey and BCG, advocate for embedding trust at the heart of AI strategies, recommending measures like "trust scorecards" to assess AI transparency and ethical alignment. At the same time, Deloitte and EY emphasize the importance of explainability and bias mitigation, particularly in sensitive sectors like healthcare and finance.