AI / ML
“ People exposed to AI must be educated on its potential flaws , such as biases ”
Ethical AI headed for a trilliondollar valuation Even though international ethical AI is just one year old , the revenue at play is significant . IBM ’ s data indicated that AI systems were expected to achieve a worldwide market value of around US $ 450bn by the end of 2022 and are predicted to go on to a US $ 900bn valuation by 2026 .
Concerns have already been voiced about biases creeping into datasets and processes , which may exacerbate societal pressures – including racism and prejudice – being unknowingly amplified and applied to specific groups and individuals .
“ People exposed to AI must be educated on its potential flaws , such as biases , and kept
SOFIA IHSAN TRUSTED AI LEAD ,
EY up-to-date on how the business is working to reduce or eliminate bias and promote fairness ,” says Sofia Ihsan , Trusted AI Lead at EY . “ Discriminatory or unfair algorithms and data sets can be highly damaging to some of society ’ s most vulnerable populations , further contributing to a lack of trust in the AI system .”