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France and Canada collaborate on ethical AI

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Canadian Prime Minister Justin Trudeau and French President Emmanuel Macron have made a commitment to engage experts across all areas of research to better understand how to develop artificial intelligence technologies that benefit all.

The new collaboration was announced by Trudeau and Macron on June 7, 2018, just ahead of the turbulent G7 Summit which took place in Charlevoix, Quebec. The basis of the collaboration will be an independent expert group, who will invite specialists from both governments, together with internationally recognized scientists and representatives from industry. Interested members of social groups will also have an opportunity to take part.

Challenges and changes to society courtesy of AI

The new group will set out to identify the key challenges and opportunities that artificial intelligence promises, especially orientated towards developing social and economic benefits. The group will also outline some best practices, which will be designed to ensure that artificial intelligence fulfills this potential.

CIFAR sounds support

The decision to develop artificial intelligence for the benefit of all people worldwide has been applauded by CIFAR, which is a Canadian-based, global organization with nearly 400 fellows, scholars and advisors from 17 countries. The Canadian Institute for Advanced Research (CIFAR) has highlighted the emphasis upon ensuring that artificial intelligence is ethical and that human needs should be at the forefront of future developments, at the heart of the France-Canada agreement.

In a statement, Alan Bernstein, president and CEO of CIFAR said: “AI has the potential to change almost everything about how we work and live. We enthusiastically endorse the creation of an international study group charged with understanding emerging AI technologies and how to ensure they are beneficial. We look forward to working with our partners in Canada and internationally to support this commitment.”

CIFAR, which is based in Toronto, manages the $125 million federal Pan-Canadian Artificial Intelligence Strategy. With the announcement, Elissa Strome, who is the executive director of the Pan-Canadian Artificial Intelligence Strategy, noted how it “builds on Canada’s longstanding leadership in AI research and innovation and the vibrant social science and policy community in Canada.”

She adds: “We look forward to working with our partners at the three AI institutes in Edmonton, Toronto and Montreal and researchers across the country to support today’s declaration.”

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Leadership

Ethics and data management key to business strategy in 2019

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As well as the other challenges facing businesses in 2019 and beyond, a particular focus needs to be placed onto digital ethics and data privacy, according to industry analysts Gartner. The firm outlines the top ten coming industry and technology trends in a new report.

The new Gartner document is titled “Top 10 Strategic Technology Trends for 2019” and it takes a look into what might be in store for corporations for the next year. Three of the key trends are discussed below: ethics, privacy and connected and automated technologies.

Business ethics are needed to ensure brand loyalty

The report focuses on the new elements for businesses strategies for the coming year, with the overall message that businesses need to place individuals and society at the forefront. These types of business behaviors are seen as necessary to ensure that businesses retain a competitive edge, especially with Millennials and Generation Z. These demographics are as a whole more in tune with what businesses do in terms of corporate governance, and they will shy away from companies that do not appear to proport certain values or ethics.

For example, the most recent Deloitte Millennial Survey found that those of the Millennials and Generation Z generation place a strong emphasis upon ethical businesses and business leaders showing they care about society.

Data privacy

Many consumers have lost faith in corporations in terms of data privacy. Businesses that can show they place data privacy at the heart of their digital businesses ethics are more likely to keep customers. The signal is that customer attitudes to data privacy and protection are changing fast in both the business and consumer markets.

Consequently, and supported by a recent IBM poll, trust in a company handling data correctly is now a key consumer issue. To achieve a business culture that values data privacy requires appropriate leadership, in order to steer an ethical and transparent approach to data collection, management and use.

Connected and automated technologies

The report also has strong focus on emerging and connected technologies, such as blockchain, which provides a digital ledger that it clear and transparent; and connected services like cloud computing, which are predicated to push more responsibility for driving data back to the end users.

In addition, artificial intelligence remains of interest. AI offers a range of potential uses from assisting with product development to data extraction and analysis. However, the full capabilities of AI in terms of assisting with software development are unlikely to happen in 2019, according to the report.

What is more likely to continue, according to Gartner, is automation, especially in relation to the use of robots to replace the more mundane forms of human activity. This is, however, most likely to continue on a machine-for-person basis. The robotic concept of swarming — where desired collective behavior emerges from the interactions between the robots and interactions of robots with the environment — remains some way off.

While these technologies are useful, the report notes they have yet to achieve their full potential and organizations need to be careful when adopting them. This is because such “technologies and concepts are immature, poorly understood and unproven in mission-critical, at-scale business operations”. The adoption needs to have a firm goal placed central to any digital transformation process.

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Leadership

GE prepared to invest $300 million in new CEO

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GE has made a $300 million bet on its new CEO and the performance that the board hopes he will deliver. The new CEO is Larry Culp — and success for Culp could bring considerable share benefits.

General Electric Co. will remunerate its new chief executive with up to $21 million a year for four years. To add to this there are options for issuing the new chief with hundreds of millions of dollars, with these payments tied to GE’s stock performance, according to The Wall Street Journal. The big payoff will come if GE’s shares rise at least 50 percent and stay there on average over 30 trading days between now and 2022.

Culp and culpability

Culp’s appointment follows on from outgoing CEO John Flannery. Flannery was GE’s eleventh CEO and the company’s tenth Chairman, although he only spent around one year in the role. GE ditched Flannery, according to The Financial Times, based on progress being too slow and due to a lower-than-expected profits outlook. Flannery’s tenure was the shortest of any previous leader in the company’s 126-year history. During Flannery’s year, GE’s share price fell by more than 50 percent.

Promotion from without

H. Lawrence “Larry” Culp Jr. becomes the first outsider to run GE in the company’s history. Prior to his appointment, Culp worked at Danaher Corporation in Washington, D.C. Danaher’s products are concentrated in the fields of design, manufacturing, and marketing of industrial, healthcare and consumer products.

As to why Culp has been offered such a lucrative package, the Boston Globe has the basis of an answer: “Larry Culp is a nuts-and-bolts executive with little name recognition outside of the business world, noted for turning a little-known industrial conglomerate into a hugely profitable growth machine.”

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Events

Packed house for Elevate ScaleUp reveals insight gems

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Today’s ScaleUp track at the Elevate Tech Festival involved incredible speakers sharing their thoughts on what it takes to go from a great startup to a phenomenal scaleup. Sponsored by CIBC and Osler, the event ran the gauntlet of tough subjects that scaleups must come to grips with.

Hopper CEO Frederic Lalonde brought the issue of product/ market fit into clear focus. It can make or break a company. And it can land you on Good Morning America!

Jonna Griffiths of Knixwear chatted with Janet Bannister of Real Ventures about what it takes to bring innovation to your organization. From day one, it’s all about how you communicate throughout your organization.

Dan Debow of Helpful got blunt about how to best be a constructive member of the scaleup community.

To top it all off, Cloudflare founder Michelle Zatlyn boiled scaleup culture down to a very simple principle.

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