Algorithmic Bias in AI

In the recent past, artificial intelligence has come to the limelight by showing its massive abilities to tackle mundane as well as complex tasks. From complex facial recognition to identifying fraudulent transactions, AI possesses the power to solve challenging problems faced by individuals and organisations on an everyday basis. Most economic sectors, including transportation, retail, advertising, and energy, are being disrupted by data digitization on a large scale, as well as the developing technologies that utilise it. Computerized systems are being employed in government services to increase accuracy and drive objectivity, and AI is influencing democracy and governance. However, as with every other good technology, AI also has a fair share of challenges that is hindering its usage at a large scale.