Businesses ‘should join efforts to ensure responsible use of AI’: Bahrain

Businesses ‘should join efforts to ensure responsible use of AI’: Bahrain

Bahrain’s business need to join government endeavours in developing ethical guidelines and regulations for artificial intelligence (AI), experts have said.

Sharing their insights on the rise of AI, the technology advisory team of Grant Thornton Bahrain noted its emergence as a transformative force in reshaping industries, augmenting human capabilities, shaping industries, solving complex problems, and driving innovation.

The experts said as AI research and development continue to advance profound changes and transformative applications are yet to come.

Virtual assistants, healthcare diagnostics such as radiology and pathology image analysis, fraud detection in the financial industry, autonomous vehicles and supply chain optimisation are practical use cases leveraged for the benefit of society.

However, Nishith Saxena, technology advisory partner at Grant Thornton Bahrain referred to AI as a “double-edged sword, a technology that has the potential to bring about unprecedented benefits, at the same time, poses certain dangers.”

Many benefits of AI are already visible in the form of automation, data-based insights and decision making, as well as the personalisation of user experience.

Mr Saxena further stated that AI could serve as “a crucial ally in addressing environmental challenges, as it helps in predicting natural disasters, optimising energy consumption, and improving resource management,