As AI continues to progress and businesses across the globe benefit from its capabilities, it’s important to ensure that the technology is being harnessed for good, to create a better, fairer society. AI systems are already superior to humans in certain tasks such as image recognition, data analysis and problem solving tasks. These advances present a wealth of ethical questions surrounding biases that could appear in the data, security issues, and potential consequences if systems are hacked or used irresponsibly. There are several ‘guidelines’ for ethical practices of AI such as the way data is handled and the processes developers should go through when creating a product, but there are still grey areas which are a cause for concern. Throughout this paper we explore the ethical implications of AI as well as looking at real world examples of how AI can be used for good. Expert opinions from academics, industry leaders, researchers, CEOs, founders and many more are included to comment on the ethical concerns and solutions across multiple industries including healthcare, finance, sustainability, research, transport and more.
AI is transforming every industry it touches from healthcare, to retail and advertising, finance, transport, education, agriculture and so many more. The purpose of AI? To take care of all the mundane tasks employees currently handle, freeing up their time to be more creative and perform the work that machines cannot do. Today, the rapidly advancing technology is used mostly by large enterprises through machine learning and predictive analytics. AI is not a technology of the future, it’s happening now, and companies who fail to adopt it will get left behind.
This paper will explore the application of AI in business with research contributions from leading minds in the field including Ankur Handa, Research Scientist, OpenAI, Ian Goodfellow, Senior Research Scientist, Google Brain. Jörg Bornschien, Research Scientist, DeepMind, Maggie Mhanna, Data Scientist, Renault Digital and many more.