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Ethics in artificial intelligence and machine learning: The importance of opening the dialogue for new processes at your organisation
Journal of Financial Compliance,
3
(3),
233-246
(2020)
Abstract
This paper aims to provide an introduction to artificial intelligence and machine learning (AI/ML). It also seeks to explain some of the countless ethical ramifications that the application of these technologies involves and about which companies need to be made aware. The state of technology in today’s world demands that at almost any level in an organisation, some awareness of the scale of the role of technology is advisable. Having an inkling of the scale of technology is a starting point for understanding the gravity of the impact it has on our everyday lives and the how and why of its ethical implications. Ultimately, as a society, we need to start considering workable frameworks to address such issues at the front-end of this technology creation. The ethics of AI/ML touches all facets of our lives and therefore also all aspects of society, including private industry, government and religion. Despite that all of society needs to be concerned with the impact of AI/ML, this paper will deal only with how the corporate sector might start to develop frameworks to address the weighty issues. Much like the industrial revolution required workers to gain new skills, AI/ML will also require business personnel to adopt new skills and, probably more importantly, new attitudes towards technology and how it should shape the world.
Keywords: artificial intelligence (AI); ethics; technology; organisational processes
The full article is available to subscribers to the journal.
Author's Biography
Colleen Dorsey is a nationally recognised and respected leader in the ethics and compliance space. In 2019 she was awarded one of 12 Top Minds in Compliance awards by Compliance Week and has recently been short listed for the International Women in Compliance award for Mentor of the Year. She regularly hosts and/or presents regionally and nationally at key ethics and compliance conferences. Colleen is also heavily involved in the AI/ML space and regularly presents to associations and public and private enterprise on the ethical ramifications of AI/ML. Colleen has published papers on the subject and also participates with IEEE, a standard setting organisation responsible for publishing a treatise on the ethics of AI/ML (EAD1e). Participation with IEEE includes on the Engineering Methodologies for Ethical Life-Cycle Concerns Working Group (P7000). Colleen founded and leads the Twin Cities AI Roundtable which is the only forum in MN which convenes Twin Cities Fortune 500 leaders to talk through issues and potential solutions to the ethical ramifications of AI/ML. The AI Roundtable includes leaders from US Bank, Medtronic, ECOLAB, Allianz, Target, Cargill and 3M, to name a few. In her current role, Colleen leads a joint graduate degree programme housed at the University of St. Thomas School of Law and run in partnership with Opus College of Business which includes six degree offerings in the compliance and ethics discipline – two of which are housed 100% online, a first for the university. She is responsible for teaching, recruiting, marketing, advising and placement of students enrolled in this pioneering graduate degree programme, the only one accredited by the AACSB in ethics and compliance in the nation. Prior to joining St. Thomas four years ago, Colleen served as in-house counsel for 18 years, almost 16 of those years with Land O’Lakes where she wore many hats but acted as their primary antitrust counsel. She later lead the compliance and ethics function and in that capacity created and implemented the company’s first Compliance & Ethics Programme including the creation of the policies, procedures, monitoring practices, training and communication plans related to that programme. Colleen also has significant legal experience in many other substantive areas of the law including marketing and advertising and merger & acquisition work.
