Responsible AI: Shaping the future of technology with ethics at the core

Artificial intelligence is transforming our world, with a projected USD 15.7 trillion boosts to the global GDP by 2030. While its advancements in healthcare, manufacturing and retail are undeniable, a recent survey by Amazon revealed that 77 per cent of respondents, including business leaders, acknowledge the potential pitfalls of AI, highlighting the need for responsible development. It's about embedding ethical principles and governance frameworks throughout the AI lifecycle, from development and deployment to use. Reproducibility: Ensure consistent and reliable AI model output through XAI principles applied throughout the development process. Responsible AI development becomes even more critical for these young companies to ensure they harness the potential of technology for good and build trust with stakeholders.