Artificial intelligence is an undeniably revolutionary tool, and, with its ability to enable efficiency and increase revenue, it’s no surprise companies across all industries are excited about incorporating AI into their business functions. However, there are numerous concerns that arise with the widespread use of AI.
AI adoption in businesses has increased 250% since 2017. This has resulted in increased efficiency and notable revenue gains for many organizations. At the same time, those companies are facing a variety of risks, and in some cases, lawsuits over their AI use practices. Even with the concerns that come with AI, artificial intelligence’s mainstream use seems to only be continuing to grow, and the time is now for all businesses to learn more about the technology they are employing, both its opportunities and its risks.
In this month’s trend report, we discuss the ethical considerations that must be taken into account to safely and effectively leverage AI for business growth.
Read more in June’s edition of The Direct Hit.
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