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Financial Services Firms Turn to Data Ethics to Manage Digital Risks
2021, Banking & Finance, Blog Article, Communities of Practice, Diversity, Equity & Inclusion, Frameworks, Notable Peoplelnbressa
Author: Steven Tiell; Publisher: Accenture; Publication Year: 2021. The following article talks about how In 2021, data ethics will be the tool financial services firms choose to manage digital risks in automation and cybersecurity. Practicing data ethics helps organizations to identify these risks early in the development of new products and services, and to intervene…
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HireVue Assessments and Preventing Algorithmic Bias
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Author: Loren Larson; Publisher: HireVue; Publication Year: 2018. The following article discusses how HireVue is committed to good science that creates a level playing field for all candidates. Without deliberately working to reduce bias that may reside in an algorithm’s training data or its data scientist creators, algorithms are absolutely at risk of inheriting the…
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Ethical and Social Risks of Harm from Language Models
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Author: Laura Weidinger et. al.; Publisher: DeepMind; Publication Year: 2021. The following research paper helps organize the risk landscape associated with large-scale Language Models (LMs). To advance responsible innovation, a thorough understanding of the potential risks posed by these models is required. This report discusses 21 different types of ethics risks, as well as the…
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3 Ways to Embrace Proactive Data Ethics
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Author: Laura Starita; Publisher: Gartner; Publication Year: 2020. The following article discusses how few consider ethics until there is a problem. Only then do they stop to consider the potential risk. In order to avoid breaching data ethics standards and breaking the trust between businesses and their customers, there are a few steps that can…
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Ethical Use of Customer Data in a Digital Economy
Author: N/A; Publisher: KPMG International; Publication Year: 2019. The following article is written by KPMG Digital and Technology Department employees. It touches on financial institutions’ principles, policies, and data ethics guidelines. The report points out how the financial industry should be transparent about what data it collects and utilizes. The authors also talk about how…
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Ethical OS: A Guide to Anticipating the Future Impact of Today’s Technology
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Author: N/A; Publisher: Tech and Society Solutions Lab; Publication Year: 2018. The following guide anticipates the long-term social impact and unexpected uses of the tech created today. This guide is to help creators anticipate risks of their algorithms and models. It can help facilitate better product development, faster deployment, and more impactful innovations. The guide…
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Trust At The Center: Building An Ethical AI Framework
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Author: Beena Ammanath; Publisher: Forbes; Publication Year: 2020. The following article discusses how the use of AI has seen meteoric growth as a risk factor since 2018. The use of unethical AI not only risks business performance but also the reputation of the company. Trust is the most important factor in a corporate reputation with…
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Artificial Intelligence Risk & Governance
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Author: Artificial Intelligence/Machine Learning Risk & Security Working Group (AIRS); Publisher: University of Pennsylvania; Publication Year: N/A. The following paper explores the potential risks of AI and provides a standardized practical categorization of these risks: data-related risks, AI/ML attacks, testing & trust, and compliance. AI governance frameworks could help organizations learn, govern, monitor, and mature…
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What to Do When AI Fails
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Author: Andrew Burt, Patrick Hall; Publisher: O’Reilly; Publication Year: 2020. The following article describes that the better prepared organizations are to respond when risks become incidents, the more value they’ll be able to draw from the technology. The authors provide 3 pieces of advice for organizations: be prepared by planning before incidents happen, prioritize transparency,…
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What Is Data Ethics and How Can Storage Improve Ethics Best Practices?
Author: N/A; Publisher: Pure Storage; Publication Year: N/A. The following article introduces the topic of data ethics by stating that it answers the questions “how can our organization collect, store, and use data ethically?” and also “what consumer rights must we protect?” The article emphasizes the importance of knowing the risks associated with data ethics…
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