Monday, September 25, 2023

Clear cut guidelines a must to ensure fair and moral AI decisions —UnionBank global data science expert


Clear cut guidelines a must to ensure fair and moral AI decisions —UnionBank global data science expert

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Clear cut guidelines a must to ensure fair and moral AI decisions —UnionBank global data science expert

In an opinion piece on artificial intelligence published recently on Singapore-based news organization, The Business Times, Union Bank of the Philippines (UnionBank)’s Senior Adviser for Data Science and Artificial Intelligence talked about the considerations to ensure that AI decisions are made fairly and morally.

Dr. Hardoon opened with his opinion that AI cannot be moral, which he said would necessitate the creation of clear-cut guidelines on the development of solutions based on the said technology. “In fact, the absence of AI moral capability should drive our need for explicit and clear frameworks for the moral use of AI outputs,” he said.

Dr. Hardoon underscored the inability of AI to practice value judgement, saying that it is designed to only search for patterns within a given set of data that will produce the best results. He added that there is no possibility of moral judgement, regardless of the impact of those results.

“Guidelines are necessary, not to change AI per se but to provide a framework for the developers of AI and the users of AI output in assuring that moral and materiality questions have been taken into consideration.”

He then named three examples of guidelines on AI use for developers: the 2019 Model AI Governance Framework by Singapore’s Personal Data Protection Commission, the 2018 Fairness, Ethics, Accountability and Transparency (FEAT) principles by the Monetary Authority of Singapore (MAS), and the Veritas Initiative, also created by MAS to take the principles of FEAT further.

Another focus area of Dr. Hardoon’s piece is the importance of obtaining explicit and affirmative consent from users when it comes to data collection for use in AI and data analysis. He posed the question of whether or not it is fair, ethical, or moral to use data in ways that users were not made aware of at the point of consent.

“This brings up an interesting point – that it is not only consent that needs to be regularly reaffirmed and sought out for issues to do with changes to terms and conditions, but that there is a need for a mechanism to validate users’ understanding.”

UnionBank is a founding member of the Veritas initiative consortium, as well as having adopted the MAS’ FEAT principles furthering existing governance and privacy policies in the bank. The bank aims to integrate these principles and framework to enhance regulation in technology, aid in consumer data protection, and proactively comply with applicable laws. Trustworthy digital innovation is core driver for the bank.

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