The more that companies rely upon artificial intelligence in their business operations, the more vital a role chief ethics and compliance officers play in ensuring that the use of such technologies aligns with their organization’s mission, core values, and regulatory requirements.
Managed the right way, the opportunities for application of artificial intelligence (AI) are endless—but managed the wrong way, so are the legal, regulatory, reputational, and financial risks. “A myriad of opportunities to leverage AI highlight why an ethical mindset is critical to protect an organization from unintended, unethical consequences,” Maureen Mohlenkamp, a principal in Deloitte’s risk and financial advisory practice, said during a recent Deloitte Webcast on AI ethics.
