Weaving fairness, transparency and ethics into AI

In recent years, many in the business world have seen a rise in the use of artificial intelligence (AI), from chatbots to image recognition and financial fraud detection. Gartner has predicted that AI software will reach $62 billion in 2022 alone, an increase of 21.3% from 2021. And there are huge potentials for AI in the UK, with predictions that it could deliver a 22% boost to the UK economy by 2030. With such an increase in the use of AI, it was only a matter of time before the regulation was tightened (and rightly so) to ensure businesses and consumers remained protected. Recently, the UK Government shared a new rulebook for AI innovation to boost public trust in the technology.