AI Must Be Self Governed

According to Grant Gross, independent contributing writer, addressing the affect of Artificial Intelligence and personal data, "AI analytics will be under increasing scrutiny. Experts say companies using AI with personal data must focus on GDPR and HIPAA, but long term, companies can expect governments and people affected to increasingly push for audits and explanations of AI decisions. Business use of cognitive and artificial intelligence is expected to skyrocket in the coming years, with global spending on the technology reaching $19.1 billion in 2018, a 54.2 percent increase over last year, according to IDC, says the report. "But as businesses embrace AI to help with all kinds of tasks, they face a complex set of regulations that limit what personal data they can collect and use. A business using AI to predict when its own factory machinery needs maintenance has little to fear from regulations.