Reimagining the purpose of technology and AI
(Sponsored article)
How could Artificial Intelligence be a catalyst for inclusive growth?
Imagine a world where AI is not just a tool but a catalyst for inclusive growth, enabling the three pillars of work, education, and well-being to thrive.
This vision was brought to life by industry leaders Michael Helmer, Tim Hogarth, and Stela Solar, who shared their insights on the human-centric design of technology and AI at the recent International Governance Leadership Conference (IGLC) in Melbourne in a session hosted by Kieran Seed, Head of Content, Regulatory Compliance Global, LexisNexis.
As governance professionals, we find ourselves at a pivotal moment in human history, where the rapid advancement of technology and artificial intelligence is reshaping our world in profound ways.
One of the most critical pieces in the discussion on the human condition is the role of technology and AI. These powerful tools have the potential to either enhance or diminish our lives, depending on how we approach their design and implementation.
It is imperative that we anchor the competitive edge of technology and AI in our world by ensuring that their development is underpinned by human-centric design and a deep consideration of how they impact and affect us as individuals and as a society.
Importantly, effective regulation plays a crucial role in ensuring the responsible use of AI, safeguarding ethical principles, and protecting society’s wellbeing.
According to Solar, Australia is at the forefront of AI, led by industries like horticulture, farming, and medical technology. She also highlighted some statistics that may be alarming to governance professionals. Two-thirds of those using generative AI in the workplace are not telling their employers that they are using it, she said, while more than 94 per cent of employees expect to be trained in AI by their current workplace.
It’s worth noting that the new Voluntary AI Safety Standard developed by the Australian Government, has just been released, and it has been designed to guide safe and responsible use of artificial intelligence in Australia.
There’s little doubt that the future of work, education, and well-being will be AI enabled. By harnessing the capabilities of AI, organisations can revolutionise the way they approach many of the fundamental aspects of life, creating new opportunities for growth, innovation, and fulfillment.
Furthermore, organisations must explore the transformative powers of technology and AI to extend the value and impact of their activities, while safeguarding ethical principles and protecting the well-being of society.
The session at the IGLC featured the speakers:
- Michael Helmer FGIA, Company Secretary and Chief Risk Officer, NextDC
- Tim Hogarth, Chief Technology Officer, ANZ Banking Group
- Stela Solar, Director, National Artificial Intelligence Centre
- Chair: Kieran Seed, Head of Content, Regulatory Compliance Global, LexisNexis
The LexisNexis whitepaper Navigating the Challenges of AI Regulation takes a detailed look at the future of local and global regulation, discusses proposed frameworks for responsible AI development, and outlines what the evolving AI regulatory environment will mean for businesses developing, deploying and using AI technologies.
About LexisNexis
LexisNexis is part of RELX Group, a world-leading provider of information and analytics for professional and business customers across industries. Lexis Nexis helps customers achieve their goals in more than 175 countries, across six continents, with over 10,000 employees.
https://www.lexisnexis.com.au/en
LexisNexis whitepaper Navigating the Challenges of AI Regulation