Post by account_disabled on Mar 4, 2024 22:06:26 GMT -5
According to Daniel Lim, Senior Director and Fellow for Artificial Intelligence at the World Economic Forum , as new technologies such as artificial intelligence (AI), quantum computing and complex systems become widespread as do their practical uses, Countless business opportunities will be created.
Too often, technology can have unintended implications; Improperly used facial recognition software, or customer data sold for profit without the user's knowledge, can create an environment of distrust between manufacturers, sellers and buyers.
Trust Matters
Research by Edelman shows that 66% of people Chile Mobile Number List worry that technology makes it impossible to know if what they are seeing or hearing is real. Consumers also believe that data privacy is critical. According to Deloitte research, 53% of global consumers surveyed would never use a company's products if their data is sold for profit.
Behaving ethically is important when creating sustainable value.
In fact, the concept of stakeholder capitalism was born from the idea that companies can create lasting value for society by aligning their practices with the needs of all stakeholders, including the community at large.
Ethics adds value
Ethical use of technology allows companies to build trust and seize opportunities, while mitigating potential harm. Considering the ethics of how technologies are used is not just a philosophical discussion or a question of legal compliance.
Organizations are learning that ethical lapses related to technology development, deployment and adoption can be costly, and that buyers and in some cases, regulators are turning their concerns into action through consumer boycotts.
A report published by the World Economic Forum in collaboration with Deloitte and the Markkula Center for Applied Ethics at Santa Clara University, titled “ Ethics by Design – An Organizational Approach to Responsible Use of Technology ,” examined how organizations incorporating With success, ethics in their use of technology are creating stronger, more sustainable companies that benefit both the bottom line and society as a whole.
Five traits were found shared by organizations that use technology ethically and are willing to consider potential harm to humans and humanity as part of their decision-making process. We share them with you below.
5 qualities of organizations that use technology responsibly
1. Technical knowledge
Ethical deliberations often begin with society's principles and values (e.g., human rights, equity, etc.). However, fully evaluating the impacts of a new technology requires that a portion of an organization's workforce have a solid understanding of fundamental technological concepts.
Combining technical expertise with voices from diverse backgrounds provides organizations with an avenue to consider the impact of the technology they are using. Decision makers need to know what their organization's technology does and how it works.
2. Social Responsibility (SR)
Organizations that successfully incorporate ethics into all their use of technology—workflows and decision making—are those that expand their awareness and acceptance of the company's role in society beyond economic transactions. These organizations commit to socially responsible companies, assume social duties and take responsibility for their actions.
3. Foundation of trust
These organizations are known for creating corporate cultures that build trust among coworkers and customers. They achieve this by honoring the ethical concerns and moral arguments of all individuals, in situations in which they are affected or in which they have experience.
4. Ethical deliberation
Organizations that excel in applying ethics to technology have a deliberate approach to decision-making and policymaking:
They are largely data-driven.
They involve the people who will be affected by their decisions.
They take into account the subsequent effects of their decisions.
They share the thinking behind those decisions.
By involving stakeholders, a consensus on the correct course of action is often achieved.
5. Leadership Commitment
Executive sponsorship is essential for the responsible use of technology. Rapid technological innovation creates new opportunities and risks for society. Leaders who develop a practice of ethical leadership model and teach empathy; create a strong sense of community internally; adhere to professional ethics; and are systems thinkers are more likely to create a growth mindset in their organization's culture and encourage ethical behavior. Ethical deliberation requires constant and iterative learning.
With disruptive technologies being introduced at breakneck speed, it is essential that organizations stay ahead of ethical concerns. Fostering an ethics-based culture requires not only a supportive environment, but a structure that ensures that human values are taken into account in all technological decisions.
The report details measures and recommendations that organizations can take to infuse technological ethics into operations using behavioral economics concepts, empowering people throughout the organization to make decisions that benefit not only the company but of society as a whole.
Too often, technology can have unintended implications; Improperly used facial recognition software, or customer data sold for profit without the user's knowledge, can create an environment of distrust between manufacturers, sellers and buyers.
Trust Matters
Research by Edelman shows that 66% of people Chile Mobile Number List worry that technology makes it impossible to know if what they are seeing or hearing is real. Consumers also believe that data privacy is critical. According to Deloitte research, 53% of global consumers surveyed would never use a company's products if their data is sold for profit.
Behaving ethically is important when creating sustainable value.
In fact, the concept of stakeholder capitalism was born from the idea that companies can create lasting value for society by aligning their practices with the needs of all stakeholders, including the community at large.
Ethics adds value
Ethical use of technology allows companies to build trust and seize opportunities, while mitigating potential harm. Considering the ethics of how technologies are used is not just a philosophical discussion or a question of legal compliance.
Organizations are learning that ethical lapses related to technology development, deployment and adoption can be costly, and that buyers and in some cases, regulators are turning their concerns into action through consumer boycotts.
A report published by the World Economic Forum in collaboration with Deloitte and the Markkula Center for Applied Ethics at Santa Clara University, titled “ Ethics by Design – An Organizational Approach to Responsible Use of Technology ,” examined how organizations incorporating With success, ethics in their use of technology are creating stronger, more sustainable companies that benefit both the bottom line and society as a whole.
Five traits were found shared by organizations that use technology ethically and are willing to consider potential harm to humans and humanity as part of their decision-making process. We share them with you below.
5 qualities of organizations that use technology responsibly
1. Technical knowledge
Ethical deliberations often begin with society's principles and values (e.g., human rights, equity, etc.). However, fully evaluating the impacts of a new technology requires that a portion of an organization's workforce have a solid understanding of fundamental technological concepts.
Combining technical expertise with voices from diverse backgrounds provides organizations with an avenue to consider the impact of the technology they are using. Decision makers need to know what their organization's technology does and how it works.
2. Social Responsibility (SR)
Organizations that successfully incorporate ethics into all their use of technology—workflows and decision making—are those that expand their awareness and acceptance of the company's role in society beyond economic transactions. These organizations commit to socially responsible companies, assume social duties and take responsibility for their actions.
3. Foundation of trust
These organizations are known for creating corporate cultures that build trust among coworkers and customers. They achieve this by honoring the ethical concerns and moral arguments of all individuals, in situations in which they are affected or in which they have experience.
4. Ethical deliberation
Organizations that excel in applying ethics to technology have a deliberate approach to decision-making and policymaking:
They are largely data-driven.
They involve the people who will be affected by their decisions.
They take into account the subsequent effects of their decisions.
They share the thinking behind those decisions.
By involving stakeholders, a consensus on the correct course of action is often achieved.
5. Leadership Commitment
Executive sponsorship is essential for the responsible use of technology. Rapid technological innovation creates new opportunities and risks for society. Leaders who develop a practice of ethical leadership model and teach empathy; create a strong sense of community internally; adhere to professional ethics; and are systems thinkers are more likely to create a growth mindset in their organization's culture and encourage ethical behavior. Ethical deliberation requires constant and iterative learning.
With disruptive technologies being introduced at breakneck speed, it is essential that organizations stay ahead of ethical concerns. Fostering an ethics-based culture requires not only a supportive environment, but a structure that ensures that human values are taken into account in all technological decisions.
The report details measures and recommendations that organizations can take to infuse technological ethics into operations using behavioral economics concepts, empowering people throughout the organization to make decisions that benefit not only the company but of society as a whole.