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The term ‘Corporate Social Responsibility’ may sound a bit 1990s, but the idea behind it is simple and transferrable – it focuses on offsetting the negative impact of one’s operations.
When discussing AI, there is an ongoing debate on its negative effects and the multiple risks that it brings to the table. At the recent Canada Growth Summit, Bank of England’s Mark Carney raised a concern about massive job losses and how they may lead to a rise of Marxism.
What is really troublesome to him, is that AI will not only take away manual labour tasks but also have a huge impact on roles that you’d perhaps consider to be immune from automation, for example, the positions of lawyers and bankers. As a result, the risk of wide-scale unemployment increases.
Of course, AI implementation comes with some serious consequences and leaves us with many questions, such as who should be held responsible for dealing with any negative outcome?
- The companies that are working on AI?
- Businesses that are benefiting from the use of AI?
Referring to Kevin Green’s recent Ted Talk (Why our jobs matter now more than ever before), it might be the final call to start asking some uncomfortable questions.
How are you preparing yourself for the AI revolution?
How is your organisation adapting to this massive leap in technological progression?
And, most importantly, what we, as a society, can do to help preserve a stable economic system for the next generations?
Georgina Trudgill is an Associate Director in the Finance division at Harvey John.
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