Ethics for AI in Business

36 Pages Posted: 8 Jul 2021

See all articles by Felipe Thomaz

Felipe Thomaz

University of Oxford - Said Business School

Natalia Efremova

University of Oxford - Said Business School

Francesca Mazzi

University of Oxford - Said Business School

Gregory Clark

University of Oxford - Said Business School

Ewan Macdonald

University of Oxford - Wildlife Conservation Research Unit

Rhonda Hadi

University of Oxford - Said Business School; University of Oxford - Said Business School; University of Oxford - Said Business School

J. Jason Bell

University of Oxford - Said Business School

Andrew T. Stephen

University of Oxford - Said Business School

Date Written: June 22, 2021

Abstract

Digital transformation and the fourth industrial revolution are increasingly impacting all aspect of everyday life, including business management. The use of AI comes with substantial advantages in the short, medium and long term, but also creates substantial new risks that must be appropriately addressed. These risks can hinder innovation and progress if they constitute an obstacle for the adoption of AI technologies. An ethical adoption of AI can encourage progress and innovation and therefore benefit both business and society at large. In this work we aim to provide a clear and understandable managerial framework for stakeholders to adopt AI safely within their activities, an ethical risk identification and mitigation set of strategies, and emphasise the leadership role that firms can have in this process.

Keywords: Artificial Intelligence, Ethics, Framework, Business, Management

Suggested Citation

Thomaz, Felipe and Efremova, Natalia and Mazzi, Francesca and Clark, Gregory and Macdonald, Ewan and Hadi, Rhonda and Bell, Joseph and Stephen, Andrew T., Ethics for AI in Business (June 22, 2021). Available at SSRN: https://ssrn.com/abstract=3871867 or http://dx.doi.org/10.2139/ssrn.3871867

Felipe Thomaz (Contact Author)

University of Oxford - Said Business School ( email )

Park End Street
Oxford, OX1 1HP
Great Britain
07850514010 (Phone)
OX2 7QG (Fax)

Natalia Efremova

University of Oxford - Said Business School ( email )

Park End Street
Oxford, OX1 1HP
Great Britain

Francesca Mazzi

University of Oxford - Said Business School ( email )

Park End Street
Oxford, OX1 1HP
Great Britain

Gregory Clark

University of Oxford - Said Business School ( email )

Park End Street
Oxford, OX1 1HP
Great Britain

Ewan Macdonald

University of Oxford - Wildlife Conservation Research Unit ( email )

Oxford, OX13 5QL
United Kingdom

Rhonda Hadi

University of Oxford - Said Business School ( email )

Park End Street
Oxford, OX1 1HP
Great Britain

University of Oxford - Said Business School ( email )

Park End Street
Oxford, OX1 1HP
Great Britain

University of Oxford - Said Business School ( email )

Park End Street
Oxford, OX1 1HP
Great Britain

Joseph Bell

University of Oxford - Said Business School ( email )

Park End Street
Oxford, OX1 1HP
Great Britain

Andrew T. Stephen

University of Oxford - Said Business School ( email )

Park End Street
Oxford, OX1 1HP
Great Britain

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