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Digital Innovations and Smart Solutions for Society And Economy: Pros and Cons

Abstract

Recent developments in artificial intelligence (AI) may involve significant potential threats to personal data privacy, national security, and social and economic stability. AI-based solutions are often promoted as “intelligent” or “smart” because they are autonomous in optimizing various processes. Be-cause they can modify their behavior without human supervision by analyzing data from the environ-ment, AI-based systems may be more prone to malfunctions and malicious activities than conventional software systems. Moreover, due to existing regulatory gaps, development and operation of AI-based products are not yet subject to adequate risk management and administrative supervision. Resonating to recent reports about potential threats resulting from AI-based systems, this paper presents an outline of a prospective risk assessment for adaptive and autonomous products. This research resulted in exten-sive catalogs of possible damages, initiating events, and preventive policies that can be useful for risk managers involved in conducting risk assessment procedures for AI-based systems. The paper concludes with the analysis and discussion of changes in business, legal, and institutional environments required to ensure the public that AI-based solutions can be trusted, are transparent and safe, and can improve the quality of life.

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Details

Category:
Articles
Type:
artykuły w czasopismach
Published in:
Foundations of Management no. 13, pages 103 - 116,
ISSN: 2080-7279
Language:
English
Publication year:
2021
Bibliographic description:
Sikorski M.: Digital Innovations and Smart Solutions for Society And Economy: Pros and Cons// Foundations of Management -,iss. 13 (2021), s.103-116
DOI:
Digital Object Identifier (open in new tab) 10.2478/fman-2021-0008
Verified by:
Gdańsk University of Technology

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