EP 214: KPMG Leader's Secrets of Balancing AI Innovation and Ethics

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When it comes to using AI, there's no limit to the ways businesses can use it for growth. But there probably should be some limits on how you implement AI. There's ethical considerations that you should keep in mind when using AI. Kelly Dowd, Senior Consultant, Innovation Lab at KPMG, joins us to discuss how to balance the ethics and innovation of AI.

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Related Episodes:
Ep 165: Ethical Leadership for AI Implementation in the Workplace
Ep 138: AI for Good – Strategies for Ethical and Sustainable AI Development

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Timestamps:
01:40 Daily AI News
04:40 About Kelly and KPMG
07:15 Companies adapting to AI
12:36 Companies embrace AI for effective, equitable hiring.
16:49 Technology adoption speeds up processes, requires transparency.
18:14 Communicate transparently, collaborate, and build ethical framework.
25:13 GDPR and CCPA provide control over personal data.
28:17 Assessing client's business, advising on AI adoption.
30:47 Government anticipation for ethical AI

Topics Covered in This Episode:
1. Essential Key Factors for AI Adoption
2. Personalization in Customer Experiences
3. Addressing Regulations in Different Regions
4. KPMG’s Approach Towards AI Adoption
5. Recommendations for Ethical AI Adoption

Keywords:
Kelly Dowd, Jordan Wilson, transparent communication, customer expectations, data collection, AI adoption, collaboration, regulatory bodies, AI experts, ethical framework, governance, GPT course, personalization, customer experiences, AR system, Sephora, privacy, ethics, data protection, GDPR, CCPA, KPMG, AI strategy, industries adopting AI, tech, healthcare, aerospace, fashion, generative AI, COVID-19 pandemic, business adaptation, Pentagonia, IBM, small and medium-sized businesses, customer-centric approach, stakeholders, transparency, Stable Diffusion 3, Stability AI, Apple, Chat GPT plugins, OpenAI, Innovation Lab.

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