In this video series, Managing the Risks of AI, Dr. Cindy Gordon, CEO and Founder of SalesChoice & member, CATA Innovation Leadership Council, and Cathy Cobey, a partner at EY, have come together to explore the rise of AI and the impacts it has on everyday business decisions.
This episode (4) offers insights into AI governance, accountability and the importance of education; we learn why the knowledge gap at the top is slowing down the development of AI.
Accelerated interest in artificial intelligence means that individuals and businesses will need to understand the ethics, risks and impacts of what’s being unleashed
Artificial intelligence’s (AI’s) impact on the big data landscape is unfolding in quantum leaps. International Data Corporation (IDC) says that worldwide revenues for big data and business analytics will grow from US$150.8 billion in 2017 to more than US$210 billion in 2020, at a compound annual growth rate of 11.9%.1
Large data sets and deep learning, a subset of AI, have recently emerged as the hottest tech trend with such tech giants as Google, Facebook, Amazon, IBM, Intel and Microsoft. Lined with deep pockets, they’re all actively investing in acquiring talent and developing AI hardware and software.
This accelerated interest in AI, in turn, will lead to a plethora of new risks, where the emergence of these new predictive models to make business decisions will increasingly come under the risk management accountability of the chief financial officer (CFO) or chief risk officer (CRO).
Cathy Cobey, Technology Risk Partner, EY Canada
Cathy Cobey is a partner with EY’s Canadian Technology Risk practice. Her primary focus is collaborating with clients on the risk and control implications of emerging IT areas, including digital, robotics, cyber, blockchain, cloud computing and artificial intelligence. A CPA by background, Cathy is able to combine her understanding of emerging business and global risks to ask better questions and achieve better working outcomes across multi-dimensional technology issues. Cathy is also a member of EY’s Climate Change and Sustainability Services practice, providing assistance to clients in creating and preserving value by embedding sustainability throughout their organizations.
Cathy is the Canadian leader of EY’s Advisory Women’s Network, which was launched to develop connections and strengthen relationships across the firm’s woman leadership team, provide a forum to share insights from its personal “Paths to Success” and further enhance leadership skills in women leaders.
Dr. Cindy Gordon, Founder and CEO, SalesChoice
Dr. Cindy Gordon is the founder and CEO of SalesChoice, a cognitive sciences AI-based sales analytics platform and data sciences company specializing in guided selling. SalesChoice is an award-winning company, and recently won the National Entrepreneurship Award from Start Up Canada, and the National Innovation Award from CATA and EY. She has held senior leadership roles at Accenture, Xerox and Citicorp. She also has been a partner in venture capital firm XDLI Intervest. Internationally, she is recognized for her innovation thought leadership with over 14 books in the market. She is currently working on her 15th book called THE AI SPLIT. Cindy is also a board director/advisor with Corent Technology, TouchTV, Kula and CoursePeer. She is also a recipient of the Governor General’s Award for Innovation.
Her community track record is extensive. Highlights include CATA (National Media Women in STEM and Innovation Leadership, Spokesperson), advisor to Enterprise Sales Forum (ESF Toronto) to attract and develop more women into sales careers, Invest CrowdFund (ICC) Canada (former national chair), former national chair at Women in Technology (CATA: CANWIT), founding member of the Toronto MapleLeaf Angels, former co-chair of iCanada (Smart Cities), former director of Nightwood Theatre, former director of St. Lawrence Theatre, and former president of Xerox Canada Women in Technology (WIT). Cindy is actively involved in helping to mentor women across Canada in the STEM sector, to close the diversity gaps of attracting, developing and sustaining women’s growth in the STEM technology sector(s).
The Canadian Advanced Technology Alliance (CATAAlliance), Canada’s One Voice for Innovation Advocacy Group, crowdsources ideas and guidance from thousands of opt in members in moderated social networks in Canada and key global markets. Supported by evidence-based research, CATAAlliance then mobilizes the community behind public policy recommendations designed to boost Canada’s innovation and competitiveness success.