New research finds that the lack of responsible artificial intelligence guidelines is one of the top three barriers to wider adoption.
Companies using artificial intelligence should start thinking about ethical AI as make or break, not nice to have, according to IDC research. In a webinar on Thursday, March 4, analysts explained why the lack of guidelines for AI is holding back implementation as well as how companies can address this problem. Analysts Bjoern Stengel, Ritu Jyoti and Jennifer Hamel shared new research at the session, “Increasing Trust and Accountability Through Responsible AI and Digital Ethics.”
Hamel, a research manager of analytics and intelligent automation services, said that ethical AI is a team sport. This means AI teams should include data scientists, governance experts and service providers.
“There’s a lot of drive to roll out AI at scale but at the same time those solutions need to be built responsibly at the beginning otherwise problems will expand across the organization,” Hamel said.
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Stengel, a senior research analyst in business consulting services and sustainability/environmental, social and governance services, said that one thing companies can do is to use an ESG lens when thinking about AI projects. This helps define the comprehensive set of stakeholders that can be affected by AI.
“Customer experience is a major concern around the ethical use of AI and the brand aspect is definitely an important one, too,” Stengel said.
Employees are another group to consider from a social impact perspective, especially when it comes to hiring practices, he said.
“There are many organizations that still have this impression that spending more is better and will get us ahead of the competition without thinking about what’s the business case and what are the risks,” Stengel said.
Companies that use an ESG approach to AI will find it easier to measure progress and benchmark performance, he said.
“If companies manage these topics properly, there’s enough research that shows companies can benefit from integrating ESG into their business, including lower risk profiles, greater financial and operational performance and better employee experience,” he said.
Stengel said that one contradiction he found in recent survey results was that the maturity levels for AI are low, but at the same time companies feel confident about their ability to deploy AI in an ethical manner.
“I expect concerns to grow over time as users start to develop a more mature understanding of the risks associated with AI,” he said.
In a recent survey of companies buying AI platforms, IDC analysts found that a lack of responsible AI guidelines is one of the top three barriers to deploying the technology into production:
Jyoti sees a lot of concern about explainability and due diligence around AI.
“A lot of organizations are terrified of the negative consequences if they don’t do the right due diligence with AI,” Jyoti said.
Jyoti described these five foundational elements of responsible AI:
Jyoti’s other recommendation for companies developing AI products is to develop a comprehensive corporate governance plan that covers all phases of the product lifecycle.
She said that many organizations think AI should be siloed in one department that is not the case. “Everyone who is involved in the whole lifecycle needs to be involved,” she said.
Also, governance practices are not a one-off activity but a repeatable process that operates through the entire lifecycle, she said.
Jyoti recommended that companies develop corporate governance structures for AI, create a thought leadership plan relevant to the industry, and build user personas. These activities will create a complete picture of the potential impacts of AI as well as the stakeholders who could be affected.