Advancements in Big Data and AI Raise Ethical Concerns in Business

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Big Data,Artificial Intelligence,AI

Advancements in big data and artificial intelligence (AI) have revolutionized the business world, but have also brought about ethical challenges. Companies are now faced with the task of avoiding risks associated with data misuse and perpetuating social biases through automated systems.

Over the past decade, advancements in big data and artificial intelligence (AI) have drastically transformed our world, creating many new opportunities, but also giving rise to many challenges, particularly about ethics. This transformation is especially evident in the business and education spheres, but tech advances have certainly made themselves felt in every area of society and industry.

In the business realm, AI and big data analytics have revolutionised everything from customer engagement to supply chain management. However, this data-driven decision-making has meant that companies have found themselves grappling with how to avoid a variety of risks, from the misuse of customer data to perpetuating social biases through automated systems. Largely as a result of these rapid advancements in technology, the conversation around ethics in business has evolved significantly. Previously, these ethical discussions typically centred around issues like corporate social responsibility, fair trade, and sustainabilit

 

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