Council Post: Responsible AI for Responsible Leadership

Bill Vaughan once said that, "The price of power is responsibility for the public good". In today's world, artificial intelligence can be termed as a currency--one aspect of which drives innovation and productivity while the other aspect evinces concerns surrounding biases, privacy, replacement of humans by automation and more. The ever growing momentum of these concerns is further proof that the existing guidelines do not address them adequately. However, that gap may be bridged with'Responsible AI' that aims to address these concerns and create solid frameworks on accountability, aiming for interpretability, fairness, safety and privacy. Companies today are adopting a more extensive approach where responsible AI is the foundation of corporate social responsibility (CSR).