AI adoption and Ethical Considerations

By Praveen RP

We are in the early stages of transformative Artificial General Intelligence (AGI) technology, and the current guidelines are a work in progress. This requires a commitment to continuous learning and iteration in partnership with consortiums across the ecosystem to identify optimal and acceptable solutions.

Commitment to Fairness and Transparency

Companies must look beyond the economic benefits of AI and prioritize fairness and transparency. All organizations developing AI systems should establish their own Ethics Charters, translating high-level principles into practical guidelines. These guidelines should be easily understandable for employees, complete with examples to illustrate how to navigate ethical dilemmas. Specific actions should be outlined for each phase of an AI project—before, during, and after development.

Also Read US Election 2024: What’s the better choice for India? Details of the economic impact of Trump or Harris Presidency on India Israel’s Ban on UNRWA: Long-Term Implications for Stability and Diplomacy Only 27% of marketing leaders confident in operating models for growth; reveals Mckinsey report Why India’s key FTAs are under review

Addressing AI Risks

The skepticism surrounding AI is driven by several pertinent risks:

  1. Job Displacement:
    • The Business Process Outsourcing (BPO) sector and customer service roles are increasingly affected by automation. According to the World Economic Forum, over 85 million jobs may be displaced by 2025 due to automation. As AI adoption increases, job roles will transform, requiring workers to adapt to new technologies. Leaders must proactively cross-skill their workforce for AI-driven changes, while individuals should focus on upskilling to mitigate the risk of job loss. Ultimately, it’s not about AI replacing humans but rather humans augmented by AI replacing those who do not adapt.
  2. Disinformation:
    • The rise of deepfake technology poses significant risks, especially in the political arena. Research indicates that deepfakes can manipulate public opinion and interfere with electoral processes. To combat this, all AI-generated content should include labels or watermarks for traceability, ensuring accountability in media.
  3. Bias in AI:
    • Bias often stems from flawed data sampling, resulting in over-representation or under-representation of certain groups. According to a study by MIT Media Lab, facial recognition systems exhibit 34% higher error rates for darker-skinned individuals compared to lighter-skinned individuals.

 » Read More

Related Articles

Rupee impact: Labour-intensive exports: Gains likely to be tenuous, short-lived

By Narayanan V, Krishna Barot & Mukesh Jagota On the face of it, the rupee’s ongoing depreciation – it fell 9 paise to close at a new record low of 85.2 against the dollar on Tuesday — should have come as a shot in the arm for India’s labour-intensive exports. The local currency’s decline came

Newsmakers of 2024: Madhabi Puri Buch, chairperson, SEBI

Madhabi Puri Buch won’t forget 2024 in a hurry. In an interview to a business magazine at the beginning of the year, she had proudly proclaimed that she knew exactly “where all the skeletons are hidden”. Just about six months after that statement, the world turned upside down for the first woman chairperson of the

SaaS unicorn LeadSquared targets profitability by FY6, eyes IPO readiness

LeadSquared, a Bengaluru-based SaaS unicorn, is setting its sights on profitability by FY26, despite past challenges stemming from the downturn in the edtech sector. The company also aims to achieve IPO-readiness by the next fiscal year, marking a critical milestone in its growth journey. In FY24, LeadSquared reported revenue of Rs 279.3 crore, reflecting a

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

Rupee impact: Labour-intensive exports: Gains likely to be tenuous, short-lived

By Narayanan V, Krishna Barot & Mukesh Jagota On the face of it, the rupee’s ongoing depreciation – it fell 9 paise to close at a new record low of 85.2 against the dollar on Tuesday — should have come as a shot in the arm for India’s labour-intensive exports. The local currency’s decline came

Newsmakers of 2024: Madhabi Puri Buch, chairperson, SEBI

Madhabi Puri Buch won’t forget 2024 in a hurry. In an interview to a business magazine at the beginning of the year, she had proudly proclaimed that she knew exactly “where all the skeletons are hidden”. Just about six months after that statement, the world turned upside down for the first woman chairperson of the

SaaS unicorn LeadSquared targets profitability by FY6, eyes IPO readiness

LeadSquared, a Bengaluru-based SaaS unicorn, is setting its sights on profitability by FY26, despite past challenges stemming from the downturn in the edtech sector. The company also aims to achieve IPO-readiness by the next fiscal year, marking a critical milestone in its growth journey. In FY24, LeadSquared reported revenue of Rs 279.3 crore, reflecting a

GST clarity on gift vouchers spurs industry optimism

The GST Council’s decision to exempt gift vouchers from indirect taxation has brought much-needed clarity to the retail and corporate sectors, with industry leaders lauding it as a significant step forward. The council recently clarified that vouchers will not attract GST, as they are neither a supply of goods nor services. This resolves a long-standing

IndiQube files draft papers for Rs 850-crore IPO

Bengaluru-based IndiQube, which provides co-working and managed office spaces, has filed its draft papers with the regulator for an initial public offering to raise Rs 850 crore. The offer consists of Rs 750 crore of fresh issue of shares while the offer-of-sale component is up to Rs 100 crore.  Bengaluru-based IndiQube, a provider of co-working