Tag: artificial intelligence

Should Companies care about their Employees going Viral?

How do you Reach Consensus with Vendors, Partners, even internal departments who are not at the same Maturity when it comes to AI Adoption?

What is the link between Digital Transformation and Artificial Intelligence (AI)?

Artificial Intelligence Is A Mirror

Artificial Intelligence (AI) is changing our lives at an unprecedented rate. Artificial Intelligence is being used to make decisions that directly affect millions of people. Most of the time people are not aware that Artificial Intelligence is being used. For the few people who know that Artificial Intelligence is being used to influence their lives, they have no way of knowing if biases have been removed from the Artificial Intelligence. People just have to trust the companies will do their best to reduce biases in Artificial Intelligence. Depending upon the motivations and the resources available in companies, eliminating biases in Artificial Intelligence might not be at the top of their list. 

So, what is the problem? There is no central third-party authority to verify if companies have actually reduced biases in their Artificial Intelligence.

At its core, Artificial Intelligence is a set of instructions (aka algorithms) that use data to make decisions. There are three issues here: 
1. People determine what the algorithms should do 
2. People determine what data to use 
3. People determine if they agree or disagree with the decisions made by Artificial Intelligence

As we can see, there are people involved in every aspect of creating and using Artificial Intelligence. Algorithms can intentionally or unintentionally create a disadvantage for people. In one example, algorithmic failures in facial recognition have resulted in people becoming unidentifiable due to their facial features. In another example, by not using real cancer patient data IBM’s Watson for Oncology made unsafe medical recommendations. These are just a few examples but they will continue to grow as AI becomes an essential part of our lives.

So, what can be done? I think we can solve these issues by creating a central authority/office at the Federal government level. The purpose of this central authority/office would be to inform the public if and where Artificial Intelligence is being used and if the Artificial Intelligence being used has any biases. Companies would inform this central authority/office about their uses of Artificial Intelligence and this central authority/office would certify if these Artificial Intelligence are bias-free. This central authority/office will have its own Artificial Intelligence to check other Artificial Intelligence created by companies. 

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2 Takeaways from the 2018 Spring Meetings by the International Monetary Fund (IMF) and the World Bank

Every year the IMF and the World Bank hold a conference-style event that is referred to as the Spring Meetings. These Spring Meetings bring together central bankers, ministers of finance and development, private sector executives and academics to discuss global issues such as global economy, international development, and the world’s financial markets.

This year I had the opportunity to attend the 2018 Spring Meetings where discussions were held about threats and opportunities of technological changes as it affects global economies and policies. Here are 2 takeaways from the 2018 Spring Meetings focused on technology and innovation including some of my related articles:

  1. TECHNOLOGICAL ADVANCEMENTS AND JOBS
    •  Industrialization Paradigms
      • Typical Industrialization: Agriculture → Manufacturing → Services
      • Current Industrialization: Agriculture → Services
    • Impacts of Technology
      • Technological Changes → Job loss → Re-skill → New Jobs
      • Some jobs will never be recovered
      • The flow of technology and expertise doesn’t flow easily across countries
      • Even within countries, technological impacts are uneven causing inequality
      • A good balance between data privacy and business models is needed that benefits societies at a larger scale
      • Depending upon where innovation (internal or external) to the organizations is can impact society at different levels
      • A good balance of foundations and advance education is needed
      • Specialized knowledge can negatively impact holistic societal impacts
    • Artificial Intelligence (AI)
      • Dystopian Views: AI will take over most human activities and would rule over humans
      • Middle Ground Views: AI will augment and enhance human activities but never replace humans
      • Utopian Views: AI will take over most human activities that would free up time for humans to do other things
    • The Brave New World of Data
      • Data quality issues are borderless
      • Standard data definitions of economic data has to be agreed upon and used
      • Data is being used to build economic policies
      • Data is being used to create multinational economic blocs
      • Data is being used to assess the humming of the global economy
      • Data Standardization and Harmonization àData Transparency àData Accountability
  2. PARTNERSHIPS
    • For economic prosperity, no organization, country, region is an island in of itself
    • Bridges need to be created across, public, private, academic, non-profit and shareholders
    • Regulations are slow to adapt to technological advancements and can be too heavy-handed or light-touch if not properly understood by policymakers
    • Grassroots changes are affecting how governments function and adapt
    • Technology and innovation should have executive level consideration across all branches of government and not just a ministry or a few people

Bonus: IMF’s Innovation Lab (iLab)

IMF has created the iLab whose goal seems to be to look at how technology and innovation are affecting the global economy and economic policies in various countries.

Related Articles:

  1. 5 QUESTIONS TO ASK ABOUT ARTIFICIAL INTELLIGENCE
  2. WHERE IS MY BIG DATA COMING FROM AND WHO CAN HANDLE IT
  3. 5 QUESTIONS TO ASK ABOUT YOUR INFORMATION
  4. 5 QUESTIONS TO ASK ABOUT PREDICTIVE ANALYTICS
  5. 5 QUESTIONS TO ASK ABOUT YOUR BIG DATA
  6. 5 QUESTIONS TO ASK ABOUT PRESCRIPTIVE ANALYTICS
  7. IDENTIFYING ORGANIZATIONAL MATURITY FOR DATA MANAGEMENT
  8. UNDERSTANDING AND APPLYING PREDICTIVE ANALYTICS
  9. 5 OBSERVATIONS ON BEING INNOVATIVE (AT AN ORGANIZATIONAL LEVEL)
  10. 5 OBSERVATIONS ON BEING INNOVATIVE (AT AN INDIVIDUAL LEVEL)
  11. HOW DO YOU COMMUNICATE?
  12. 5 QUESTIONS TO ASK ABOUT YOUR BUSINESS PROCESSES
  13. 75 QUESTIONABLE THOUGHTS ABOUT ORGANIZATIONAL TRANSFORMATION
  14. 35 CONCEPTS THAT AFFECT ORGANIZATIONAL TRANSFORMATION EFFORTS
  15. SPICE FOR BUSINESS TRANSFORMATION
  16. 5 QUESTIONS TO ASK ABOUT YOUR CULTURE
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