Navigating responsible AI in small and medium businesses
Artificial Intelligence (AI) has evolved rapidly, becoming an indispensable tool for businesses of all sizes. However, as we move forward in this AI-driven world, the need for responsible AI has never been more critical for small and medium enterprises (SMEs).
Responsible AI is the practice of developing and using AI systems in a way that provides benefits to individuals, groups, and wider society, while minimising the risk of negative consequences. Doing responsible AI is an approach that ensures businesses use AI accurately, without bias, and in an accountable manner. In essence, when a business utilises AI, it becomes responsible for its actions, even when using off-the-shelf AI products.
Let’s delve into what responsible AI means for SMEs and the practical steps they should take to ensure it.