Responsible AI: Mitigating risks and building trust

03-09-2024 • 14 mins

Welcome to the EY India Insights Podcast - https://www.ey.com/en_in/media/podcasts, where we introduce our new series on Tech Trends - https://www.ey.com/en_in/media/podcasts/tech-trends for this year. In today's episode, we delve into the critical topic of Responsible AI in the context of the Generative AI (GenAI) revolution. Our discussion emphasizes the need for ethical contribution, transparency, and accountability in AI development.

We are joined by Kartik Shinde - https://www.ey.com/en_in/people/kartik-shinde, Partner, Cybersecurity Consulting, EY India. Kartik brings over 20 years of experience as a cybersecurity consultant for financial services, focusing on robust information security strategies for banks and financial institutions.

In this episode:

• Explore the risks associated with Gen AI and the criticality of trust in technology.

• Explore the distinctions between traditional AI and the new wave of Gen AI, including the potential risks.

• Discuss the concept of risk-based regulation and its relevance to AI applications.

• Examine why human-centered design and ethical considerations are essential for Responsible AI.

• Highlight the importance of technology and data quality control in AI reliability.

• Insights on leveraging AI to identify and mitigate biases within AI systems.

Key takeaways:

• Responsible AI is essential for realizing the benefits of Gen AI while managing its inherent risks.

• Tailored AI governance through risk-based regulation can address the varying levels of risk across applications.

• Ethical AI development requires a human-centric approach and continuous oversight.

Tune in now: https://www.ey.com/en_in/media/podcasts/tech-trends/2024/09/season-2-episode-1-responsible-ai