Abstract
Artificial intelligence (AI) stands as one of the revolutionary concepts in the contemporary business management, which impacts decision making process, organizational performance and planning. However, liberal expansion of AI technologies has stirred crucial moral issues among them being; bias, privacy of data, fairness and transparency of action. These challenges prove why the right governance standards are reasonable to establish to protect against the negative results of questionable use of AI. By doing so, this study advances the understanding of AI, ethics, and governance for business management by identifying necessary ethical concerns and presenting workable governance solutions. The literature review, case studies, and expert interviews form the basis of the research to realize the current deficits in ethical AI practices and to assess the efficiency of the sociotechnical governance frameworks. All the findings stress on the need to incorporate the international policies in corporate governance especially as they relate to AI, involve stakeholders in policies and adopt the ethical principles of fairness in intelligence. This research contributes to the emerging literature in AI or management, providing practical suggestions for firms attempting to navigate this course. The implications of these findings are evident in affirming the significance of ethical AI governance in improving the operations of business and making them sustainable, competitive and trustworthy.
Details
Presentation Type
Paper Presentation in a Themed Session
Theme
KEYWORDS
AI Ethics, Ethical AI Frameworks, Business Management, AI Governance Strategies
