AI analytics are under increasing scrutiny as the right to privacy is a subject of significant regulation. Sources say that companies using AI and personal data must tread carefully with GDPR rules, and long term, companies should anticipate the government and people affected to push for audits and explanations of AI decisions.
Business use of cognitive and artificial intelligence is expected to grow over the next few years. According to Statista, the global AI software market is forecast to rise rapidly, reaching around 126 billion U.S. dollars by 2025.
Companies that start to embrace Artificial Intelligence to help with all kinds of tasks are facing a complex set of regulations that determine what personal data they can use and collect. That being said, many AI systems don’t collect personal data. Those businesses using AI to predict when their own factory machinery needs maintenance, have little to fear from privacy regulations.
The EU’s General Data Protection Regulation (GDPR) instructs companies wanting to use personal data to get explicit consent before collecting and using personal information. This includes names, home addresses, email addresses, bank details, social networking posts, and computer IP addresses.
Opinions in the automation community are mixed, with industry experts arguing that the GDPR has held back Artificial Intelligence advances in medicine. Looking to the future, GDPR may not be the last of the regulations affecting AI. Therefore, companies using AI should expect more government scrutiny.
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