AI ethics and nature of trust in the age of information explosionStriking a Balance: What Tech Companies Must Do To Win Back Their Customers’ Trust

Panel discussion

Experts urge tech companies to balance the power of AI and other disruptive technologies with responsible and ethical growth.

As the digital age unfolds and the pace of change quickens, cynicism has been growing in the public sphere about the true benefits of technology and the practices and motives of technology companies. Fujitsu addressed this weighty issue in a recent installment of its Executive Discussion Evening series, titled, “Are We Running Out of Trust? Power and Responsibility in a Digital Age,” held in March 2019 at the Queen Elizabeth II Centre in London.

The event featured two guest speakers: William Tunstall-Pedoe, founder of UK voice-assistant company Evi, which provided much of the artificial intelligence technology for Amazon’s Alexa; and Margaret Heffernan, entrepreneur, CEO and author of the well-known book, Wilful Blindness: Why We Ignore the Obvious at Our Peril. The event also featured a presentation by David Gentle, Director of Foresight and Planning at Fujitsu, who served as host and moderator for the evening.

Duncan Tait, Fujitsu’s Director and CEO of EMEIA, kicked off the evening by noting that trust is such an important topic because it is interwoven into the fabric of society, government and business. He then discussed Fujitsu’s own efforts to build and maintain trust, especially among employees, and urged other companies to do the same: “It’s so important that we have brilliant people in our companies, and that we can inspire them to do things they have never done before. But this is only possible when you create a culture of trust within the organization.”

A Question of Trust in an Uncertain, Complex World - David Gentle

Overall view of the venue

Regarding the topic for this evening, really what we’re asking is: Do we have that balance right between power and responsibility? And how is technology influencing this? Perhaps a good place to start is the topic of trust. Clearly trust is a very important thing. All of our personal relationships are built around trust. Certainly in business, you can’t really get anywhere without trust. So why are we choosing this topic today? A core reason is simply the level of change that we’re seeing in the world today.

We passed a milestone last year with little fanfare. Over 50% of the world’s population is now online. So now being connected, being digital has become the norm. And being offline, being non-digital has become the exception. I think it’s noteworthy how immersive the online world is becoming, how deeply engaged we’re becoming with it. In the Western world, we’re spending a third of our waking time online.

And maybe even more significantly is this sort of commercial real estate that has opened up in the digital world. We’re seeing rapidly advancing digital companies. It’s nothing new to have organizations with hundreds of millions of customers. What really is new is the speed and the scale in which digital companies have been advancing. Coupled with the depth of knowledge they have around their customer base and their users, this is something really new.

It feels like we’re at an inflection point. It feels like we’re moving into act 2. Act 1 was all about exciting incidents and new things coming along. Act 2 is all about implications and complications.

So let’s look at some of the implications. We’ve got a piece of research coming out, in which 50 to 100 business leaders were surveyed. And 70% said they find it difficult to know if information is trustworthy. Further, 72% said they have concerns about their personal data being monetized. As trust expert Rachel Botsman said: “Trust is a confident relationship with the unknown.” If we accept that the world is becoming more uncertain, more complex, then what does that mean in terms of our level of confidence? And what, in turn, does that mean for our level of trust? And if we turn that around, how can we build confidence in this more complex world? And how can we get a better level of trust?

Huge Changes Altering Nature of Trust - William Tunstall-Pedoe

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Rebuilding Trust Requires Transparency, Public Participation - Margaret Heffernan

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Panel Discussion - How to Make AI Technology More Responsible

How can tech companies develop AI systems that deliver accurate and more unbiased results? And how should they address demands from an increasingly skeptical pubic for more ethical technology processes and business practices? Mr. Tunstall-Pedoe, Ms. Heffernan and Mr. Tait hashed out these and other issues as part of a concluding panel. They took questions from the audience, with Mr. Gentle serving as moderator for the discussion.

Panel discussion

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