Author: David Sweenor
Publisher: Global Banking and Finance Review
Publication Year: N/A
Summary: The following article discusses how the influx of data in today’s digital world quickly passed the infrastructure necessary to monitor data automation. For this reason, it is now integral to create leadership positions for data ethics within their institutions and continue to be the new norm. We have already started to see a shift into legislation in the finance industry in other countries such as the UK and ethics leaders are essential in getting artificial intelligence (AI) right for future uses. It also extremely important for those that create AI to understand exactly how the AI came to the answer it did and have full explainability of the process. Lastly, if AI data ethics is not considered you ultimately can end up speeding up the process of making bad decisions and replicating bias.
