In this episode we're talking about ethics in Artificial Intelligence (AI). Rumblings about the future of AI have been surfacing as well as questions about whether human biases are affecting the decisions AIs are making. Those questions are finding their way into our profession.
A recent Accounting Today article reports a growing number of accounting service solutions are using AI for a wide range of applications. The accounting profession has spent $1.5 billion on this type of software in 2021 and is projected to spend $53 billion by 2030, according to a report from Acumen Research & Consulting. The Accounting Today article notes that despite this rapid growth, "too little attention has been paid to the ethical considerations that come with it". Sage's CTO, Erin Harris says in a quote, "The current issues are less to do with the accidental creation of a robot overlord and more about the insertion of human biases into the code". The main issue is not the technology in it of itself, it is our human biases impacting the way the technology works.
Biometric Update, recently published an article listing the 6 key considerations for ethical AI in financial services:
The author, Matt Peake, writes, "If just one of these fails, it can have series consequences for individuals and businesses".
However, the upside is that there are groups developing AI committed to the betterment of our world.
I speak with today's guest, Enrico Palmerino, Founder & CEO of Botkeeper, about the role of ethics in AI, the types of biases in AI, how we can protect ourselves and our clients from these biases, and what the future marriage of AI and human intelligence looks like.
Resources
212 AI: Artificial or Augmented Intelligence? With Kacee Johnson
211. Talent's impact on internal controls, with Dr. Rebecca Hann
210. Where will the pipeline dust settle? with Lexy Kessler
209. Is A.I. the answer? with Will Hill
208. The science behind purpose, with Britt Andreatta
207. A.I.'s keys: Curiosity, Usefulness, with Jason Staats
206. Not another leadership book, with Emmanuel Gobillot
205. A.I. strategy: Fire, ready, aim, with Pascal Finette
204. Out-of-the-gate A.I. strategies, with Don Tomoff
203. Investor-friendly audits? with Jack Ciesielski
202. Are you a reality-based leader? with Alex Dorr
201. Leading through change, with Okorie Ramsey
200. Talking tax ahead of busy season, with Steven Lyon
199. CAS opportunities in spend management, with Jayson Brannon and Dan Luthi
198. Hybrid work's sweet spot, with Alex Kirillov and Jim Brady
197. Inspiring next-gen CPAs, with Christine Aspell
196. Leading with significance, with Joey Havens
195. Tax and CAS: It works, with Jasen Stine
194. Packing the pipeline, with Liz Barentzen
193. The weak link in strengths-based work, with Marcus Buckingham
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