In recent years, developments in artificial intelligence have impacted businesses across industries. From content generation and personalized chatbots to automation, AI is enabling increased business efficiency and employee productivity.


Copyright: – “20 Essential Steps For Ethically Leveraging AI In Your Business”


SwissCognitive_Logo_RGBWhile AI applications and tools offer a number of benefits, it’s also important for leaders to determine how they will address and mitigate the ethical considerations that come along with the implementation and maintenance of this technology. To help, 20 Forbes Business Council members each share one essential step business leaders can take to ensure they’re using AI ethically, as well as challenges they’ve encountered in pursuit of this goal.

1. Prioritize Transparency

Business leaders must prioritize transparency in their AI practices. This means explaining how algorithms work, what data is used and the potential biases. Leaders should also establish and enforce acceptable use guidelines to govern the use of the AI tools and practices. – Matthew GantnerAltum Strategy Group LLC

2. Consider The Pros And Cons

It’s important to educate your workforce about the pros and cons of using artificial intelligence. AI is being used to create deep fake videos, enhance decision making and more. It is important to create boundaries and have open conversations between team members about these factors. – Hitesh DevDevout Corporation

3. Form A Team To Own AI Processes

Create a diverse and inclusive team who will be responsible for developing and implementing AI systems. This will help in identifying potential biases and ethical concerns that may arise in the design or use of AI technology. Ensuring fairness and mitigating bias in AI algorithms is a significant challenge that requires careful attention throughout the development process. – Vivek RanaGnothi Seauton Advisors

4. Establish Good Governance Practices

Ethical AI use starts with good governance. First, establish an interdisciplinary governance team to develop your AI-use framework and address ethical considerations like human rights, privacy, fairness and discrimination. Think guiding principles, not exhaustive rules. Other challenges will include compliance, risk management, transparency, oversight and incident response among others. – Bryant RichardsonReal Blue Sky, LLC[…]

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