Based on a briefing with MindBridge Ai on June 19, 2017 and MindBridge Ai's $4.3 million funding round on the same date, this summary provides guidance to auditors and accountants seeking guidance on applying artificial intelligence to risk, compliance, and audit efforts. Amalgam Insights believes that this emerging approach is an important governance step for financial transactions as digital transactions become increasingly diverse and auditors are responding by either building self-built tools or working with internal data science teams.
So, hands up who was woken up by Alexa this morning? Or now has Google Home finding their favourite radio station for them? Or had fun over the holidays trying to get Siri to tell them a joke? Artificial intelligence is now more accessible and becoming mainstream. The rapid development and evolution of AI technologies, while unleashing opportunities for business and communities across the world, have prompted a number of important overarching questions that go beyond the walls of academia and hi-tech research centres in Silicon Valley.
The cyberspace and the development of new technologies, especially intelligent systems using artificial intelligence, present enormous challenges to computer professionals, data scientists, managers and policy makers. There is a need to address professional responsibility, ethical, legal, societal, and policy issues. This paper presents problems and issues relevant to computer professionals and decision makers and suggests a curriculum for a course on ethics, law and policy. Such a course will create awareness of the ethics issues involved in building and using software and artificial intelligence.
AI traditionally refers to an artificial creation of human-like intelligence that can learn, reason, plan, perceive, or process natural language . Several issues must be considered when addressing AI, including, socio-economic impacts; issues of transparency, bias, and accountability; new uses for data, considerations of security and safety, ethical issues; and, how AI facilitates the creation of new ecosystems. At the same time, in this complex field, there are specific challenges facing AI, which include: a lack of transparency and interpretability in decision-making; issues of data quality and potential bias; safety and security implications; considerations regarding accountability; and, its potentially disruptive impacts on social and economic structures. Artificial intelligence (AI) traditionally refers to an artificial creation of human-like intelligence that can learn, reason, plan, perceive, or process natural language.
The issue of corporate ethics is never far from the business media headlines. Take the troubles embroiling former Nissan chair Carlos Ghosn, or the accounting problems at Patisserie Valerie in the UK, to name just two recent examples. Despite the best intentions and efforts of policymakers, legislators, boards and professional consultants, the corporate scandals keep coming. Now, to further complicate matters, the latest developments in the digital revolution are adding a new dimension to the challenge of ensuring companies and their executives behave responsibly. Ioannis Ioannou, Associate Professor of Strategy and Entrepreneurship at London Business School, and Sam Baker, Monitor Deloitte Partner, suggest that, while the widespread introduction of AI and machine learning technologies can be a force for good, without the right approach there is a risk that the corporate ethics waters become even murkier.