AI powered experiences: The potential and challenges of AI in everyday life
Artificial intelligence (AI) has revolutionised our lives in countless ways, from helping us to create self-driving cars and autonomous robots to new applications like voice assistants and intelligent chatbots. AI algorithms are now being used to automate a wide range of tasks, from industrial manufacture to medical diagnosis . With AI spending predicted to exceed $500 billion in 2023, rapid progress and competition in adaptive and generative AI is inevitable. But as it becomes more embedded in our lives, it raises a series of ethical questions. While inventors focus on whether AI is possible, questions about whether it is needed and desirable are just as important.
* What is the value proposition of AI?
* How can businesses get beyond the proof of concept and novelty, and drive real value for consumers using AI?
* How can organisations ensure that AI algorithms are used ethically and responsibly? And who gets to decide when an algorithm is unethical, unfair or harmful?
* How can organisations ensure privacy, security and data protection when using AI technologies?
* What new methods of AI regulation, governance and oversight should be applied to ensure it is applied responsibly and is accountable for its outcomes?