By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
9
Notification Show More
Videos
Market’s biggest earnings movers; labor market, tariffs, and recession concerns
4 hours ago
Videos
How Close Is The U.S. To Sending Humans To Mars?
4 hours ago
News
Stran & Company, Inc. (SWAG) Q1 2025 Earnings Call Transcript
4 hours ago
News
Donald Trump returns from Middle East dealmaking to domestic economic gloom
5 hours ago
News
Putin’s peace theatre keeps Trump watching — and Kyiv waiting
6 hours ago
News
Moody’s strips US of top-notch triple-A credit rating
7 hours ago
News
Boeing could avoid US justice department prosecution over 737 Max crashes
8 hours ago
News
US and EU break impasse to enable tariff talks
9 hours ago
News
Federal Reserve to slash staff by 10% over several years
10 hours ago
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > Small Business > How Businesses Can Ethically Embrace Artificial Intelligence
Small Business

How Businesses Can Ethically Embrace Artificial Intelligence

News Room
Last updated: 2023/05/12 at 3:40 PM
By News Room
Share
8 Min Read
SHARE

Entrepreneur, 30 years of experience, getting results by using technology in the marketing & sales process, CEO of CRM excellence and Fueld.

Contents
The Concerns Around AIHow To Safeguard Against The Misuse Of AI

Ever since its inception, artificial intelligence (AI) has been the subject of much controversy and debate. Some people believe that AI will transform our world for the better, while others are skeptical about its potential impact. As the CEO of a digital marketing firm and an expert on digital innovation and customer relationship management, I’m interested in the key arguments against AI, as well as some of the ethical concerns that have been raised. Let’s talk about some potential concerns and how brands can effectively incorporate AI into their business and safeguard against misuse.

The Concerns Around AI

AI has become an accepted and necessary tool for many businesses. Companies are increasingly relying on AI to automate processes and unlock new opportunities that would have been unthinkable even a few years ago. However, not everyone is quick to jump on the AI bandwagon—some remain skeptical about the capabilities that it offers. In fact, some people believe that AI presents a number of disadvantages.

Plagiarism, Propaganda And Scams

Last December, science journalist Bruno van Wayenburg wrote an article, warning people about the misuse of AI. He believes AI could lead to:

  • Plagiarism
  • Propaganda
  • Fake news
  • Theft
  • Scams

However, I’d argue that many AI tools address these problems as well. For example, JapserAI has a plagiarism feature within its app, and by verifying its own output, it regularly updates the system.

Job Loss

AI can dramatically reduce the time and effort required for tasks, leading some marketers to fear that their jobs will no longer be needed. However, human knowledge remains an important factor in complex workflows and creative activities.

Marketers must understand how AI can help them make better decisions by analyzing data and collaborating with AI professionals. To benefit from AI, we must learn how to use it properly and ethically, as poor inputs will lead to unsatisfactory results. By doing so, marketers can ensure their skills remain valuable.

Decline In Creativity

Some marketers think AI cannot provide the innovative edge needed to compete, as it relies on existing data and is thus limited in its out-of-the-box solutions.

As scholars at the University of Liechtenstein wrote, “[AI’s] output is also heavily constrained by the data used to train the model resulting in relatively low novelty and diversity compared to the data.” However, other research has shown that deep learning models can extend beyond this search space, creating vaguer but more concise ideas from a computational perspective.

AI can also aid in the creative process, providing ideas that humans may struggle with or overlook. Moreover, AI-generated artwork has sold for nearly half a million dollars, demonstrating its potential for subjectively creative solutions.

Ethical Dilemmas

The social impact of AI is likely to be significant. It has the potential to change the way we live and interact with each other—in good ways and bad. For example, AI could be used to target advertising directly at individuals or it could be used to monitor people’s social media activity. With the latter, AI could be used to create false information or propaganda in order to influence public opinion.

As AI systems become more advanced, I believe they will be able to make decisions that are based on ethical principles. However, it is not clear who will be responsible for setting these ethical principles, or how they will be enforced. This could lead to problems such as AI systems making decisions that are harmful to humans.

Some of the ethical concerns that have been raised about AI include:

  • AI could make humans obsolete
  • AI could be used to cause harm
  • AI could lead to unforeseen consequences
  • AI could exploit customers

These are all things that developers and business leaders must keep in mind when exploring the potential uses of AI.

How To Safeguard Against The Misuse Of AI

The use of AI in itself is not a crime. However, we must implement restrictions to maintain the well-meant intention of its use. Here are a few examples of how we can enjoy AI without falling prey to its darker abilities:

  • Companies need to enforce strict guidelines around the use of AI and build a system to audit and monitor the behavior of AI tools to identify and address suspicious or unethical activity.
  • Businesses should also make sure they have the resources to address any potential issues that arise. This may require building strong relationships with AI professionals and data scientists so that any concerns can be addressed quickly and efficiently.
  • Organizations should provide training to ensure their employees understand the ethical implications of using AI tools and how to use them responsibly.

By taking these steps, companies can help to directly prevent the misuse and maltreatment of AI tools, but business leaders can also lobby for safeguards at a higher level within their own government.

The government must introduce ethical principles and regulations by creating laws for safeguarding personal data and establishing an independent body to monitor AI’s use while investigating potential misuse. In an effort to help, companies should disclose information about their AI systems for risk identification, accountability and punishment for any unethical practices. Additionally, companies should adhere to a set of guidelines that prohibit misuse, outline acceptable data types and personal information collection methods and ensure data security. By implementing these regulations, I believe we can ensure the safe and ethical integration of AI in our daily lives.

In conclusion, though there are many benefits to using AI in marketing, we must be aware of the potential risks and ethical concerns that come along with it. Plagiarism, automation replacing jobs and data privacy are all valid concerns that need to be addressed. But we can overcome these obstacles by implementing guidelines at both the corporate and government level. Embracing AI in marketing is essential for staying ahead of the competition, but we must do so responsibly.

Forbes Business Council is the foremost growth and networking organization for business owners and leaders. Do I qualify?

Read the full article here

News Room May 12, 2023 May 12, 2023
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
Market’s biggest earnings movers; labor market, tariffs, and recession concerns

Watch full video on YouTube

How Close Is The U.S. To Sending Humans To Mars?

Watch full video on YouTube

Stran & Company, Inc. (SWAG) Q1 2025 Earnings Call Transcript

Stran & Company, Inc. (NASDAQ:SWAG) Q1 2025 Earnings Conference Call May 16,…

Donald Trump returns from Middle East dealmaking to domestic economic gloom

Donald Trump’s swaggering tour of the Middle East ended with a sobering…

Putin’s peace theatre keeps Trump watching — and Kyiv waiting

In parallel to a brutal war along a 1,000km front, Russia and…

- Advertisement -
Ad imageAd image

You Might Also Like

Small Business

Brilliant Or Lucky? 4 Key Insights For Ventures & Angels

By News Room
Small Business

A Conversation With Agile Expert Harry Narang

By News Room
Small Business

College enrollment is down, Gen Z losing faith in a degree. Here is a better option.

By News Room
Small Business

The Digital Cyrano De Bergerac Of Modern Business

By News Room
Small Business

Why Do We Stay In A Job When We Are Not Happy? Insights To Help You Get The Career You Deserve

By News Room
Small Business

Making A Large Language Model Transparent, Compliant And Reliable

By News Room
Small Business

The Important Initiative For Real Digital Marketing Results

By News Room
Small Business

The Future Of Real Estate

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?