The European Forum for Risk and Insurance professionnals
Sebastian Wieczorek, Head of SAP Data Intelligence
Why is participating at a European risk management event important to you?
Innovation is the cornerstone of progress, but as Alfred Nobel’s invention of dynamite remind us, new discoveries always carry benefits and risks. As organizations are infusing machine learning into business processes and intelligent bots carry out autonomous tasks, it is fair to ask: what if the underlying AI algorithms do not work as expected or are misused?
What does “Aim for the Future” mean to you?
One danger with Artificial Intelligence is that people conclude too early that they understand how algorithms interconnect and evolve. AI probably won’t be the end of the world, but it will end the world as we know it. For example, in the business space, AI is already used to automate processes in various parts of businesses e.g. in Finance, Customer Service, Human Resources and many more.
SAP examines the ethical and social implications of technological progress and participates in public debates on this topic. The goal of SAP is to continue to develop software that relieves people and enables them to increase their intellectual abilities in a value-adding way.
It must be clear that creators, vendors, and users of AI technology share the burden of responsibility. This is not simple, but it is important that teams creating AI have an awareness and commitment to ensuring safe and compliant usage of AI. Furthermore, ethically minded vendors should ask their customers to use AI solutions only for the purpose they have licensed for and encourage employees, customers and partners to be mindful of the tremendous opportunities and risks brought about by AI.
You will be presenting «The Risks and Opportunities of Big Data and AI: how can you make the most out of these technologies?», what would you like the audience to remember after your session?
Every algorithm can be used in an ethical, but also in a non-ethical way based on its specific purpose. While I am convinced that AI can bring great benefit to our society, this also comes with great responsibility.Our goal for this debate is to sharpen the awareness of decision makers and engineers, that a solid understanding of AI is a mandatory prerequisite to assess the impact of using AI. We will bring together key national stakeholders in the field of European artificial intelligence to discuss these risks and opportunities.
climate adaptation investments.