Home » Uncategorized

DSC Weekly 13 June 2023 – Can Boards of Directors’ steer AI business ethics?


  • Financial services firms are undergoing complete makeovers as they rework their vision, resources and leadership strategy to stay competitive in the digital world. Join the Digital Transformation for Financial Services summit to learn to transform strategically, creating a digital-first strategy that combines emerging technologies such as AI, analytics, blockchain and more with the right talent and ways of working to optimize efficiencies, bolster resilience and drive long-term success.
  • Generative AI is rapidly transforming the life sciences and healthcare industries, offering new possibilities for drug discovery, manufacturing and sales engagement, disease diagnosis, and personalized treatment. In the upcoming Generative AI in Life Sciences and Healthcare: Current and Future Trends webinar, Dataiku & Deloitte leaders Ben Taylor and Ayan Bhattacharya will explore the latest trends in generative AI and their potential applications in the life sciences and healthcare space. Join us to learn how cutting-edge Generative AI applications can improve patient care and help develop new products to drive wellness.

Hand of businessman touching hand artificial intelligence meaning technology connection go to future

Can Boards of Directors’ steer AI business ethics?

As enterprises implement complex AI capabilities as part of business strategy, corporate boards face an increasingly common moral quandary: Do the business (and of course monetary) benefits of AI outweigh the societal risks?

In his three-part series that continues this week, Bill Schmarzo examines the board’s role in organizations’ responsible and ethical AI deployment. In part one, Bill covered how to mitigate the impacts of AI Confirmation Bias. In part two, he examines how to identify and avoid potential unintended consequences of AI deployment. As Bill notes, it’s vital for boards to stay proactive when it comes to AI ethics and risk avoidance.

Stay tuned for next week, when Bill concludes the series with Part 3. He promises to provide an Unintended Consequences Assessment worksheet plus a checklist that the Board of Directors can leverage when advising senior management on mitigating the impacts of AI confirmation bias.

This advice should help board members who are hesitant about their role in AI risk avoidance. However, the SEC is considering rules requiring companies to disclose their cybersecurity governance capabilities, including the board’s oversight of cyber risk. It’s not a stretch to think AI will be next on the SEC’s list, especially if artificial intelligence use in business proves a risk to investors and consumers. Boards at any company with AI-driven products and services must start considering how to implement efforts to offset the risks presented by artificial intelligence’s many benefits.

The Editors of Data Science Central

Contact The DSC Team if you are interested in contributing.

DSC Featured Articles

Picture of the Week

DSC Weekly 13 June 2023 – Can Boards of Directors’ steer AI business ethics?