Balancing Innovation and Integrity: The Ethical Implications of AI in Business Decision-Making
Year: 2024
Type: article
Abstract: : The rapid adoption of artificial intelligence in business is transforming decision-making processes, offering data-driven insights that enhance operational efficiency and strategic effectiveness. However, this integration introduces critical ethical concerns, particularly in the realms of bias, accountability, and transparency. This paper examines these ethical challenges, analyzing how algorithmic bias, opacity in decision-making, and responsibility gaps can undermine fairness and trust in AI-driven systems. Through case studies and a review of current literature, the study underscores the need for comprehensive ethical frameworks, including the establishment of AI ethics boards and regular ethical audits, to ensure responsible AI implementation. Despite advancements in AI ethics discourse, research gaps remain, particularly in regulatory standards across industries. This paper concludes by advocating for a collaborative approach among businesses, researchers, and policymakers to develop robust governance models that balance innovation with integrity. Such frameworks are essential to fostering trust in AI technologies and promoting socially responsible business practices.
Author: Holtermann, Alexander
Language: English
Subfield: Safety Research
Field: Social Sciences
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W6892975415