Harnessing Artificial Intelligence: Government Regulation and Ethical Implications
Exploring the government's role in regulating and licensing AI technologies, this analysis delves into the social, legal, economic, and technological impacts of artificial intelligence. It discusses the need for transparency, privacy protection, energy consumption concerns, and the potential for economic growth in various sectors. The report outlines different strategies, such as AI monitoring, regulation, and exploration, to address the ethical challenges posed by AI advancements.
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Presentation Transcript
ARTIFICIAL INTELLIGENCE HOW SHOULD WE HARNESS IT? University of Ottawa Telfer School of Management
TELFER CONSULTING REDA BAKADDOUR JASJOT SINGH SIQIN LI EHSAN POOLADI TELFER CONSULTING 2
AGENDA 1. Executive Summary 2. Analysis & Recommendation 3. Risk Assessment 4. Conclusion TELFER CONSULTING 3
Executive Summary TELFER CONSULTING 4
The government forms a regulatory body that will LICENSE and research on the IMPLICATION of AI on population of the country Situation Strategy Artificial intelligence is playing a substantial role in our life, society to businesses. It offers a lot potentials as well as raising concerns regarding ethical and privacy issues. Public lack of awareness and lack of transparency are the key considerations in using AI The government forms a regulatory body that will LICENSE and research on the IMPLICATION OF AI on population of the country. TELFER CONSULTING 5
Analysis & Recommendation TELFER CONSULTING 6
Social and Legal, Economical factors could highly impact customers, employees and other key stakeholders LEGAL POLITICAL ECONOMICAL SOCIAL TECHNOLOGICAL ENVIRONMENTAL Privacy Protection Tech incentives Large amount of energy consumption for AI development National security Economic growth in various industries- healthcare, education, customer service, national defense,etc Privacy/ personal information leak Intellectual Property/Patent protection Level of AI Creativity Political stability Transparency Biased database for AI Models Equity and Fairness Other AI-related regulations Cyberattack Explainability Automation Workforce/labor capability TELFER CONSULTING 7
Three options have three different strategies which lead to different outcomes-AI Monitor, Ai regulator, AI Explorer Options AI Regulator AI Explorer AI Monitor Strategies The government forms a regulatory body that will REGULATE AND LICENSE the AI Companies and ISSUES GUIDELINES regarding use and implementation The government form a regulatory body that will REGULATE LICENSE and research on IMPLICATION OF AI on population of the country. The government forms a regulatory body that LICENSES the AI companies and MONITORS the AI companies Outcomes Monitor Organizations Adjust regulations and attract AI- tech companies to the country Help organizations to meet regulatory compliance TELFER CONSULTING 8
The government forms a regulatory body that LICENSES the AI companies and MONITOR the work done. WHAT HOW The body will monitor the AI companies, and their research. Companies will submit reports to the department semi-annually about the work they are doing and their progress. The regulatory body can request to visit and look at the work. The regulatory body will keep a record of research and advancements happening in the country. BENEFIT CRITERA Low Cost, Low population trust. The implementation of benefits cannot be understood. The body will have complete data on the research happening in the country. TELFER CONSULTING 9
The government forms a regulatory body that will LICENSE the AI Companies and ISSUES GUIDELINES regrading use and implementation of AI research. WHAT HOW The body will monitor the AI companies and ask them to give details about each step of research and implementation. Forcing the companies to register every step in research and implementation. BENEFIT CRITERIA These will be very strict regulations for the AI industry and companies may leave the country. The government will have full control over AI research and development and can control the threats AI can bring. Government will use AI tech for the benefit of the population of the country TELFER CONSULTING 10
The government form a regulatory body that will LICENSE and research on IMPLICATION OF AI in government departments to serve the population of the country. WHAT HOW The government forms a regulatory body that licenses the AI tech companies and the body does research on how to use AI research for the benefit of the population. The body will understand and measure the impact of AI research. The body will create transparency for the public to understand what AI research is bringing. This will help the government in becoming up to date with tools and implementation of AI. The regulatory body can be formed in 1 year with the CEO, VP and 6 managers. CRITERIA BENEFIT This will help in ethically handling the AI research and development in the country by not interfering directly in the research but learning how to use the research. This will be costly but will have high benefits in the long run. TELFER CONSULTING 11
AI explorer scores best compared to other strategies especially due to its advantages regarding Innovation Development and International impact Criteria AI Monitor AI Regulator AI Explorer Financial Cost Innovation Develpment Government enhanced Awareness Population trust International impact Overall score 12 13 17 Key: 1: not satisfied 5: fully satisfied TELFER CONSULTING 12
AI Explorer is the recommendation Options AI Regulator AI Explorer AI Monitor Strategies The government forms a regulatory body that will REGULATE AND LICENSE the tech companies and ISSUES GUIDELINES regarding use and implementation The government forms a regulatory body that will REGULATE LICENSE and research on IMPLICATION OF AI on population of the country. The government forms a regulatory department that LICENSES the AI- tech companies and MONITORS the AI tech companies Outcomes Monitor Organizations Adjust regulations and attract AI- tech companies to the country Help organizations to meet regulatory compliance TELFER CONSULTING 13
Risk Matrix & Response Risk Response A A Loose of population trust due a huge privacy breach Monitored by recruiting only responsible experts B Finding suitable responsible to monitor the implementation B C Mitigated by consulting hiring firms for that matter C Big operation costs resulting Avoided by implementing high standards D D Interfere with the non- implementation of future investment Accepted because it is interfering with our core values TELFER CONSULTING 14
Conclusion TELFER CONSULTING 15
The government forms a regulatory body that will LICENSE and research on the IMPLICATION of AI on population of the country Situation Strategy Artificial intelligence is playing a substantial role in our life, society to businesses. It offers a lot of potential as well as raising concerns regarding ethical and privacy issues. Public lack of awareness and lack of transparency are the key considerations in using AI The government forms a regulatory body that will LICENSE and research on the IMPLICATION OF AI on population of the country. TELFER CONSULTING 16
