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- Financial services firms are undergoing a complete transformation, reworking their vision, resources and leadership strategies to remain competitive in the digital world. Join us at the Digital Transformation Summit for Financial Services to learn how to transform strategically, combining emerging technologies such as AI, analytics and blockchain with the right people and ways of working to optimize and restore efficiency Create a digital-first strategy that strengthens power and enables long-term operation. – term success.
- Generative AI is rapidly transforming the life sciences and healthcare industries, bringing new possibilities to drug discovery, manufacturing and marketing operations, disease diagnosis, and personalized treatment. In the upcoming Generative AI in Life Sciences and Healthcare: Current and Future Trends webinar, Dataiku and Deloitte leaders Ben Taylor and Ayan Bhattacharya will discuss the latest trends in generative AI and its implications for life sciences and healthcare. Explore potential applications. Learn how cutting-edge generative AI applications can improve patient care and help develop new products that advance health.
Can the board of directors guide the business ethics of AI?
Corporate boards face an increasingly common moral predicament as companies implement complex AI capabilities as part of their business strategy. The question is, will the business (and yes, financial) benefits of AI outweigh the societal risks?
In a three-part series that continues this week, Bill Schmarzo examines the board’s role in responsible and ethical AI adoption for organizations. In Part 1, Bill discussed how to mitigate the effects of his AI confirmation bias. In Part 2, he explores how to identify and avoid potential unintended consequences of AI deployment. As Bill points out, it’s important for the board to be proactive about AI ethics and risk aversion.
Stay tuned for Bill’s conclusion of the series with Part 3 next week. Bill promises to provide an unintended consequence assessment worksheet and checklist that boards can use when advising senior management to mitigate the effects of AI confirmation bias.
This advice should help board members who are hesitant about their role in AI risk aversion. However, the SEC is considering a rule that would require companies to disclose their cybersecurity governance capabilities, including oversight of cyber risks by their boards. It’s no wonder AI is next on his SEC’s list, especially if the use of artificial intelligence in business proves to be a risk to investors and consumers. Boards of companies that offer AI-powered products and services should start considering how to implement efforts to offset the risks posed by the many benefits of artificial intelligence.
Editor at Data Science Central
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