Few weeks back we witnessed the ‘Rome call of AI ethics’, where technology giants such as IBM and Microsoft entered into a written agreement with the Italian government on the ethical use of AI. The ethical use has been mainly categorised on the principles of Transparency, Inclusion, Responsibility, Impartiality, Reliability & Security and Privacy.

Artificial Intelligence comes with great challenges, such as AI bias, accelerated hacking, and AI terrorism. The success of using AI for good depends upon trust, and that trust can only be built over time with the utmost adherence to ethical principles and practices.As we plough beyond into the 2020s, the only way we can realistically see AI and automation take the world of business by storm is if it is smartly regulated. This begins with incentivising further advancements and innovation to the tech, which means regulating applications rather than the tech itself.Whilst there is a great deal of unwarranted fear around AI and the potential consequences it may have, we should be optimistic about a future where AI is ethical and useful.

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