Towards an Equitable Digital Society: Artificial Intelligence (AI) and Corporate Digital Responsibility (CDR)

На пути к справедливому цифровому обществу: искусственный интеллект (ИИ) и корпоративная цифровая ответственность (КЦО)
Karen Elliott, Rob Price, Patricia Shaw, Tasos Spiliotopoulos, Magdalene Ng, Kovila Coopamootoo, Aad van Moorsel
2021-06-01

AI governanceAlgorithmic fairnessArtificial intelligenceCorporate Digital ResponsibilityFinancial services
In the digital era, we witness the increasing use of artificial intelligence (AI) to solve problems, while improving productivity and efficiency. Yet, inevitably costs are involved with delegating power to algorithmically based systems, some of whose workings are opaque and unobservable and thus termed the "black box". Central to understanding the "black box" is to acknowledge that the algorithm is not mendaciously undertaking this action; it is simply using the recombination afforded to scaled computable machine learning algorithms. But an algorithm with arbitrary precision can easily reconstruct those characteristics and make life-changing decisions, particularly in financial services (credit scoring, risk assessment, etc.), and it could be difficult to reconstruct, if this was done in a fair manner reflecting the values of society. If we permit AI to make life-changing decisions, what are the opportunity costs, data trade-offs, and implications for social, economic, technical, legal, and environmental systems? We find that over 160 ethical AI principles exist, advocating organisations to act responsibly to avoid causing digital societal harms. This maelstrom of guidance, none of which is compulsory, serves to confuse, as opposed to guide. We need to think carefully about how we implement these algorithms, the delegation of decisions and data usage, in the absence of human oversight and AI governance. The paper seeks to harmonise and align approaches, illustrating the opportunities and threats of AI, while raising awareness of Corporate Digital Responsibility (CDR) as a potential collaborative mechanism to demystify governance complexity and to establish an equitable digital society.
1
AI systems can make opaque, life-changing decisions by reconstructing sensitive characteristics, creating significant fairness risks in areas such as credit scoring and risk assessment.
2
Corporate Digital Responsibility is presented as a potential collaborative mechanism for harmonizing governance approaches, clarifying AI-related opportunities and threats, and supporting an equitable digital society.
3
Delegating decisions to AI involves opportunity costs and data trade-offs with social, economic, technical, legal, and environmental implications.
4
Effective AI deployment requires careful consideration of algorithmic implementation, decision delegation, data use, human oversight, and governance.
5
More than 160 voluntary ethical AI principles exist, but their proliferation and non-compulsory status can confuse organizations rather than provide clear guidance.

Artificial intelligence systems making consequential decisions in digital society, particularly in financial services

The ethical, governance, fairness, and societal implications of delegating consequential decisions and data use to opaque AI systems, and the potential of Corporate Digital Responsibility (CDR) to address them

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2021-06-01
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Karen Elliott
Rob Price
Patricia Shaw
Tasos Spiliotopoulos
Magdalene Ng
Kovila Coopamootoo
Aad van Moorsel
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