Data Ethics: Benefits, Challenges and Practical Implementation
The use of new technologies and sophisticated algorithms is rapidly becoming a common phenomenon in all sectors of society, including the financial services. The benefits of Advanced Analytics and AI are far reaching for organisations, their customers and clients as well as wider society.
At the same time, firms, the authorities and the public are becoming increasingly aware that AI and advanced algorithms in general also bring some new risks while accentuating others.
The benefits of Advanced Analytics and AI have enabled companies to improve customer experience, as well as provide other improvements for customers, however, it has also resulted in a number of issues, such as the lack of public trust in relation to how their data is used.
Data protection regulations have been a good start in tackling this issue, but more is needed. Embedding Data Ethics can enable the advancement of use of AAAI in a safe and trusted way. What else should be done and how can companies implement data ethics? In this webinar, we will discuss the benefits and risks of new technologies in the financial services sector and discuss how data ethics could be implemented in a company’s strategy.
Speakers will be sharing their expertise and views across both the legislative and data ethics landscape providing a broad understanding of:
-The reasons why data ethics is important
-The benefits and challenges of new technologies through examples/ case studies
-How data ethics differs from data protection compliance and views on whether more needs to be done from a legislative/regulatory perspective
-How you could embed data ethics in your strategy