SOCIETAL CHALLENGES

Ethics bias and discrimination

The enigmatic nature of Al technology may seem like ‘magic’ to outsiders, but understanding its behaviour is critical to detecting and preventing models that discriminate against or exclude marginalized groups and individuals

Workforce disruption

The onset of Al has created a fear of large-scale labour displacement; strategies must be developed to effectively manage the forthcoming talent shift and transition large portions of the workforce through the Fourth Industrial Revolution

New source of systemic risk

As Al takes an increasingly critical role in the day-to-day operations of the financial system, it poses a new source of systemic risk that has the potential to disrupt national and global economies, necessitating new controls and responses