Experts say Bahraini companies need to join the government’s efforts to develop ethical guidelines and regulations regarding artificial intelligence (AI).
Grant Thornton Bahrain’s technical advisory team shares insights on the rise of AI, highlighting its transformative power in reshaping industries, augmenting human capabilities, shaping industries, solving complex problems and driving innovation. He pointed out the appearance of
Experts said AI research and development continues to undergo major changes, and innovative applications are yet to emerge.
Virtual assistants, medical diagnostics such as radiology and pathology image analysis, fraud detection in the financial industry, self-driving cars, and supply chain optimization are practical use cases leveraged for the benefit of society.
But Nishit Saxena, technical advisory partner at Grant Thornton Bahrain, calls AI “a double-edged sword, a technology that has the potential to bring unprecedented benefits but also poses certain risks.” said.
The many benefits of AI are already visible in the form of automation, data-driven insights and decision-making, and user experience personalization.
Saxena added that AI is “an important ally in tackling environmental challenges as it helps predict natural disasters, optimize energy consumption, and improve resource management, all of which contribute to a more sustainable future.” He said it is possible.
Jatin Kalia, senior partner at Grant Thornton Bahrain, agrees with this view. However, all innovative technologies come with some level of risk, as seen in recent incidents such as deepfakes, misinformation, privacy violations, and other forms of cyberattacks. ”
He argued that finding the right balance is key to reaping the benefits of the technology, “minimizing potential harm while ensuring that AI remains a force for good.” It is important to establish ethical guidelines and regulations.”
Jasim Abdullal, Managing Partner of Grant Thornton Bahrain, reiterated the transformative potential of artificial intelligence (AI) in streamlining processes and strategic decision-making, and said, “Companies leveraging AI in Bahrain “The promise and impact of this technology is becoming increasingly clear as the number of applications increases.” – Whether positive or negative depends on our collective responsibility to regulate it and keep it out of the wrong hands. Together, we can overcome the duality of AI in a way that benefits society as a whole. ”
According to Bahrain.bh, the government has established a comprehensive strategy to harness the power of AI for the benefit of citizens, businesses and society as a whole.
The three key principles of this policy are: first, AI should be human-centered; it should help humans, not replace them; Second, it must be socially beneficial, improving people’s lives, especially in healthcare, education, transportation, etc., and finally, to avoid problems such as prejudice, discrimination, and security risks. must be used responsibly and with care.
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