Making Singapore a Trusted, AI-Enabled Digital Economy

If information is the brand new oil, then what are its Exxon Valdez and Deepwater Horizon moments? As with environmental disasters, any main blunder of utilizing information and AI in an unethical means will put the manufacturers concerned below excessive stress from shoppers and governments.

Whereas Singapore has to date escaped main information and AI disasters, the proliferation of AI implies that it’s solely a matter of time. In 2018, an AI and ethics council initiated by the Singapore authorities got down to deal with three main danger classes for the AI-enabled digital financial system envisioned for Singapore:

Expertise danger: countering information misuse and rogue AISocial danger: constructing belief between companies, firms, staff, and customersEconomic and political danger: securing Singapore’s future in a digital financial system

Ethics and social duty as core ideas

The framework follows two guiding ideas. The primary one is to make sure that AI decision-making is explainable, clear, and truthful. Explainability, transparency, and equity — “usually accepted AI ideas” — are the inspiration of moral AI use. Absent from the framework, nevertheless, is the notion of accountability. The framework’s second precept is that AI options ought to be human-centric and function for the advantage of human beings. This ties AI ethics to the bigger dimension of company values, company social duty, and the company danger administration framework.

A danger administration method for deploying AI at scale

In alignment with different international frameworks, the Singapore Mannequin AI Governance Framework recommends a danger administration method to handle the know-how danger related to AI. Ideally, this could be a dimension added to company danger administration frameworks. This can elevate the danger past IT and particular person enterprise models to the company degree (following within the footsteps of cybersecurity danger).

Specifically, the framework recommends that organizations:

Arrange AI governance constructions and measures and hyperlink them to company constructions.Decide the extent of human involvement with a severity likelihood matrix.Use information and mannequin governance for accountable AI operations.Arrange clear, aligned communication channels and interplay insurance policies.

Danger administration and accountability chains for AI

The important thing job for organizations is to start out early and construct consciousness internally about AI danger. Deploying AI-enabled choice processes at scale have to be accompanied by investments in governance and danger administration. Pointers resembling Singapore’s Mannequin AI Governance Framework set nonbinding suggestions, however organizations should begin to develop their capabilities internally. The evolving nature of the Mannequin Framework has added use case libraries in addition to evaluation instruments — though adoption may nonetheless problem all however the largest organizations.

Forrester recommends that organizations begin on the next actions:

Flip buyer belief right into a aggressive benefit via truthful, moral, and accountable use of information and AI.Align AI ethics along with your company values and danger administration frameworks.Outline your group’s AI accountability chain, together with exterior companions and suppliers.Leverage the experience of AI consultancies with sturdy capabilities in AI ethics and governance.

For additional particulars on this difficulty, please overview the Singapore Private Information Safety Fee (PDPC) from January 2020. The second version of the Singapore Mannequin AI Governance Framework may be accessed right here (pdf), and the Implementation and Self-Evaluation Information (ISAGO) is offered right here (pdf).

This put up was written by Achim Granzen, a principal analyst at Forrester and it initially appeared right here.

The views and opinions expressed on this article are these of the writer and don’t essentially mirror these of CDOTrends. Picture credit score: iStockphoto/orpheus26

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