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Learn why every second counts and get practical tips to manage your time effectively from the very best in Formula 1. Prioritise tasks, leverage your team's skills, and make every moment count. Dive in and navigate your career like a pro!

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Latest Steps

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What is Your Time Worth?

Learn why every second counts and get practical tips to manage your time effectively from the very best in Formula 1. Prioritise tasks, leverage your team's skills, and make every moment count. Dive in and navigate your career like a pro!

We Not Me

Explore the Apollo 13 mission and learn how teamwork, communication, and cognitive diversity drive success. Discover strategies to build trust, manage conflict, and leverage diverse perspectives. See how effective collaboration can elevate your performance.

View more

Ready to get started?

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Don’t Forget Your Ethics

Don’t Forget Your Ethics

Priya Lakhani

AI Business Strategist

Discover the key to using AI responsibly in your business. This Step offers practical tips for mitigating risks and keeping ethics in mind when using AI.

Discover the key to using AI responsibly in your business. This Step offers practical tips for mitigating risks and keeping ethics in mind when using AI.

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Don’t Forget Your Ethics

15 mins 32 secs

Key learning objectives:

  • Understand the ethical implications of AI in business

  • Learn how to identify bias in AI systems

  • Outline guidelines and frameworks for ethical AI use

  • Understand the importance of transparency and accountability in AI

Overview:

AI can make a huge difference in business, but bias is a big challenge. This Step looks at how bias creeps into AI and what you can do about it. You’ll learn to spot bias, audit your AI data, and make it more balanced while staying transparent and accountable. After this Step, you'll feel more confident to push forward using AI. 

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Summary
What are the ethical implications of AI in business?

AI is not just a tool, but a decision-maker that businesses are increasingly relying on. This raises important ethical questions, such as how to ensure decisions are fair and unbiased, and how to maintain human oversight over machine-driven processes. The use of AI in business requires a careful approach to prevent reinforcing existing societal biases, especially in areas like hiring, customer service, and decision-making processes. Examples, like Uber’s use of AI for driver identity checks in London, show the importance of having human involvement in critical decisions made by AI.

How can bias appear in AI systems, and how can businesses identify it?

Bias in AI can emerge from multiple sources, including historical data, sampling, measurement, and labelling biases. For example, AI systems trained on historical data may continue to perpetuate past inequalities, as was seen in Amazon's biased hiring tool. Businesses need to assess their AI systems by auditing training data, testing across different demographic groups, and involving diverse teams in development. Regular checks and balanced training data are essential to ensure AI systems don't introduce or perpetuate bias.

What guidelines and frameworks should businesses follow for ethical AI use?

Establishing clear ethical principles is key to using AI responsibly in business. These principles should include:

  • Fairness: Ensuring equitable treatment across all individuals and groups
  • Transparency: Clearly explaining how AI decisions are made
  • Accountability: Assigning clear responsibility for AI outcomes
  • Privacy: Protecting and respecting user data

Why is transparency and accountability important when using AI?

Transparency in AI means businesses must clearly communicate when AI systems are in use and explain how decisions are made. Accountability ensures that there are clear responsibilities for AI outcomes, with mechanisms for oversight and the ability to override AI decisions if necessary. Examples like the South Wales Police facial recognition system, which faced legal scrutiny for bias and privacy issues, underscore the need for clear guidelines and human accountability in AI deployment.

How can businesses ensure that their AI systems are fair and ethical?

Businesses should follow a framework that includes planning, development, testing, deployment, monitoring, and improvement stages. For example, a small digital marketing agency using AI should ensure their systems are trained on diverse data, rigorously tested for bias, and continuously monitoring AI performance. Transparency with customers about AI involvement and the implementation of feedback mechanisms are crucial for ensuring fairness and ethics in AI operations.

How can businesses conduct a proper risk assessment?

Before implementing AI, businesses must conduct thorough risk assessments, considering potential biases or failures. The risk assessment should evaluate the likelihood of AI errors and the impact of those errors, especially concerning customer or demographic discrimination. Mitigation strategies, such as keeping human oversight in the loop, are essential to prevent AI from making harmful or biased decisions. For example, using an AI-powered CV screening tool should always include a review from an employee or manager to avoid mistakes like those made by Amazon’s AI hiring tool.

How can businesses mitigate bias in AI systems?

To mitigate bias, businesses should:

  • Audit data regularly for imbalances
  • Test AI systems with diverse inputs to compare outcomes
  • Use diverse teams in AI development to spot potential biases
  • Create specific test cases to detect bias
  • Monitor AI outputs continuously to identify biased patterns

The opinions and viewpoints expressed in this video are those of the creator and do not necessarily reflect the views of any affiliated organisations.

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Priya Lakhani

Priya Lakhani

Priya Lakhani is a visionary entrepreneur, combining technology innovation with education. As the Founder and CEO of CENTURY Tech, she is at the helm of revolutionising learning through AI-powered tools that transform classrooms, universities, and workplaces. Her journey from barrister to business leader reflects her bold commitment to making a global impact. A decorated entrepreneur and adviser to the UK government, Priya has been recognised as Business Entrepreneur of the Year and awarded an OBE for her services to business and education. Co-founding the Institute for Ethical AI in Education, Priya continues to champion responsible AI, ensuring that technology benefits learners in an ethical and impactful way.

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