Sage report on Building a Competitive, Ethical AI Economy
Businesses and government alike need to address the ethical issues surrounding AI.
Earlier this month Sage published its position paper, Building a Competitive, Ethical AI Economy, outlining the key steps for government and businesses to put ethical AI principles into practice to benefit industry, government and society. The paper was compiled with participation from government representatives and global businesses, including techUK.
The paper outlines actionable insights for business and society to leverage AI-powered technologies in an ethical, trustworthy and sustainable way. According to the paper, industry leaders and government must work closely with AI experts to put ethical principles into practice under four key pillars:
1. Introducing AI corporate governance and ethical frameworks
- For business - Develop or revise corporate governance frameworks to include ethical technology policies with top-down accountability measures specific to each organisation’s business model. Include adherence to frameworks as a static agenda item for discussion at board meetings, employee performance reviews and less formal management/staff check-ins to establish accountability expectations at every level.
- For government - Look at the role of regulators, like the UK’s Financial Reporting Council (FRC), in guiding and assisting specific sectors on ethical best practices implementation. Work with industry AI experts to familiarise regulators with the technology’s technical makeup, potential security risks and real-world applications before launching formal investigation programs. Review the need for enforcing domestic and/or international standards in order to ensure a level playing field.
2. Demystifying AI and sharing accountability
- For business - Engage external ethical experts to explore how AI accountability or explainability applies to specific corporate ambitions and customers’ needs. Develop strategies for testing AI prior to deployment – and monitoring once AI is out in the world.
- For government – Recognise that there needs to be a balance between corporate AI innovation and increased accountability.
3. Building human trust in corporate AI
- For business - Make corporate approaches to informing stakeholders about AI and its purpose as transparent as possible. Introduce training and certification programs for partners and employees working with AI to conduct business. Communicate steps taken to test AI for performance flaws and safeguard work done with the technology to potential users.
- For government - Run government-anchored awareness campaigns to reduce public inhibitions around AI presence in work and everyday life.
4. Welcoming AI into the workforce
- For business - Invest in school programs to support community digital education. Empower HR functions with data to map future skills demand. Invest in retraining. Call on fellow businesses and Governments to incorporate AI and data science into staff training throughout ranks.
- For government - Ensure young people leave education equipped for applying AI and with an understanding of the wider ethical issues. Redirect existing skills investment into staff retraining for jobs that interact significantly with AI and other automated technologies.
Taking practical steps to address the ethical issues posed by AI should be an ongoing priority for government and businesses alike. On Wednesday 12 December, we’ll be hosting techUK’s Digital Ethics Summit, bringing together key stakeholders to assess the progress made over the last twelve months to build the capacity and capabilities needed to recognise, identify and address digital ethical issues and concerns. We will consider whether the practical action that has been taken is enough and discuss what more may be needed. Registration for techUK’s Digital Ethics Summit will be open shortly.
Latest News from
The National Security and Investment Act28/07/2021 12:05:00
The National Security and Investment (NSI) Act will be fully coming into force on the 4th January 2022.
Preparing a hybrid workforce starts with strengthening security27/07/2021 16:15:00
Guest Blog: Ross Woodham, General Counsel and Chief Privacy Officer.
Composable IT: Blurring the Boundaries between Business & IT27/07/2021 14:05:00
Businesses are learning to synthesize and balance a number of divergent goals: Digital natives who are, by nature, dynamic and focused on growth with others who are pursuing a stable and passive strategy aimed at defending their markets; and their physical businesses with the urgency of going digital.
New Innovation Strategy starts a conversation on how to make the UK a global hub for innovation by 203527/07/2021 11:25:00
The Government’s new Innovation Strategy identifies the challenges facing the UK’s innovation landscape before setting out four key pillars to drive a conversation aiming to boost the UK’s innovative capacity.
BT: Boosting customer experience through convergence and connectivity26/07/2021 16:25:00
Over the past 18 months, the telecoms industry has delivered the connectivity needed to power the UK through the pandemic.
techUK webinar: Positioning the UK for Success: How the CEO of ARIA can drive forward innovation for the tech sector26/07/2021 11:25:00
Bringing leading figures from industry together, techUK discusses how the Government’s ARIA can be an asset for innovation in the tech sector.
What does the Government’s R&D People and Culture Strategy mean for the tech sector?23/07/2021 16:25:00
The government has published its R&D People and Culture Strategy, delivering on the commitment that was made in the 2020 R&D Roadmap.
The UK’s Board of Trade publishes a new report-Green Trade23/07/2021 14:38:00
The second report by the Board of Trade – Green Trade – was published recently (21 July 2021).
Money is not the only object: A focus on place is needed to address regional imbalances in R&D23/07/2021 11:25:00
Without an open regional dialogue on the interconnection of place, technology and investment, there is a real danger that the UK will not be able to keep pace and support innovation to be a global leader, writes Laura Foster, Progamme Manager tech & innovation at techUK.