Energy Magazine June 2022 | Page 74

AL & ML

What

is AI Ethics ?

“Building trustworthy AI is a business imperative and a societal expectation , not just a compliance issue ”

IBM INSTITUTE FOR BUSINESS VALUE STUDY
More than 45 % of respondents say their organisations have created AI-specific ethics mechanisms , such as an AI project risk assessment framework and an auditing / review process .
Perhaps unsurprisingly , most CEOs surveyed ( 79 %) are now prepared to embed AI ethics into their AI practices – up from 20 % in 2018 – and more than half of responding organisations have publicly endorsed common principles of AI ethics .
Yet , conversely , less than a quarter of responding organisations have actually operationalised AI ethics , while fewer than 20 % of respondents felt that their organisation ' s practices and actions match ( or exceed ) their stated principles and values .
Over two-thirds ( 68 %) acknowledge that having a diverse and inclusive workplace is important to mitigating bias in AI , but findings indicate that AI teams are still substantially less diverse than their organisations ' workforces : 5.5 times less gender inclusive , 4 times less LGBTQIA + inclusive , and 1.7 times less racially inclusive .
74 June 2022