Huron’s Post

Here's a 4-minute read from my colleague Fanny Ip with action items your organization can take to help ensure responsible AI practices.

What is responsible AI?  Responsible artificial intelligence (AI) is a set of principles that help guide the design, development, deployment and use of AI—building trust in AI solutions that have the potential to empower organisations and their stakeholders. Responsible AI involves the consideration of a broader societal impact of AI systems and the measures required to align these technologies with stakeholder values, legal standards and ethical principles. Responsible AI aims to embed such ethical principles into AI applications and workflows to mitigate risks and negative outcomes associated with the use of AI, while maximising positive outcomes. #responsibleAI #IBMtogether

As Artificial Intelligence (AI) continues to revolutionize industries and transform business processes, it's crucial that we prioritize the development and use of safe and ethical AI. With AI adoption on the rise, it's essential to address the risks associated with AI and implement effective governance mechanisms to ensure responsible AI development and usage. In this report, we'll explore the importance of AI Governance, its challenges and the strategies being developed to facilitate the adoption of trustworthy AI in business processes. #AIGovernance #RiskManagement #NIST #EU

This week, we had important discussions in Lithuania to encourage the establishment of AI transparency standard, aiming to promote the transparent and ethical use of artificial intelligence. While automated decision-making tools are not yet in use in public sector institutions in Lithuania, algorithmic tools are used for simpler tasks to enhance productivity, optimize processes, and for monitoring purposes. Thus, any time now! For more insights, check out our newly launched report in the comments. #AI #transparency

Artificial Intelligence can be impressive, but that doesn't mean it's the right tool for the job. Here are four questions you should be asking to see if your AI is a good fit. #AI #ML #futurism #IntelligenceFactory #digitaltransformation #DX https://lnkd.in/gZ4Vhdvj

📜 Unveiling the EU Artificial Intelligence (AI) Act: What to Expect! AI's boundless impact requires responsibility. Gain insights on the latest EU AI regulations, understand its significance, and craft a forward-thinking strategy for your business! 🚀 ➡️ Read more to ensure ethical AI practices: https://lnkd.in/eT2Crqa7 #ArtificialIntelligence #EYFinancialServices

#FINEXPhils Reynaldo (Rey) Lugtu writes for Business World, "Why companies need an AI policy?" The integration of artificial intelligence (AI) into business operations is rapidly transforming industries, creating new opportunities, and posing significant challenges. As AI systems become more advanced and ubiquitous, the need for companies to develop comprehensive AI policies has become critical. These policies serve as a framework for responsible AI deployment, ensuring that the technology is used ethically, legally, and effectively. The importance of having an AI policy is underscored by the actions of several leading organizations that have already established such guidelines. Read the full article here: https://lnkd.in/g3PjEFda (Photo from Pinterest)

AI can be transformative, but ensuring its safe application is paramount 🚀🤖. Dive into The Alethos Project, where we refine AI datasets to uphold consensus truth and minimize bias. Together, we can create an ethical AI ecosystem. 🔗 Learn more and join us: https://www.alethos.ai AISafety EthicalAI AlethosProject

Responsible AI is about ensuring that AI systems are designed, developed, and deployed in a way that is ethical, transparent, and accountable. It’s about recognizing that AI is not just a tool, but a powerful force that can have a profound impact on our lives. More on this in today's edition of #TheAIAlphabet https://lnkd.in/gvHAYpXv #AI #ResponsibleAI #artificialintelligence

𝐓𝐡𝐞 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐏𝐮𝐥𝐬𝐞: “𝐓𝐫𝐮𝐬𝐭𝐰𝐨𝐫𝐭𝐡𝐲” 𝐀𝐈 – 𝐂𝐚𝐧 𝐫𝐞𝐠𝐮𝐥𝐚𝐭𝐢𝐨𝐧 𝐞𝐧𝐡𝐚𝐧𝐜𝐞 𝐭𝐫𝐮𝐬𝐭 𝐢𝐧 𝐭𝐡𝐞 𝐀𝐈 𝐭𝐡𝐚𝐭 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬𝐞𝐬 𝐚𝐧𝐝 𝐩𝐞𝐨𝐩𝐥𝐞 𝐚𝐫𝐞 𝐮𝐬𝐢𝐧𝐠?    As part of its “Coordinated Plan on Artificial Intelligence,” the EU has proposed a regulation that sets out harmonized rules on artificial intelligence.     This addresses “the risks and problems linked to AI, without unduly constraining or hindering technological development or otherwise disproportionately increasing the cost of placing AI solutions on the market.”     Many other countries are also looking at introducing legal frameworks around the use of AI. Why are such regulations emerging and will they improve or hinder the uptake of AI?    #AI