AI that can boost credibility is the topic at Davos

Transparency, ethics and responsibility are factors as important as technological innovation, say representatives of the World Economic Forum

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World Economic Forum takes place in Davos – Photo: Schutterstock

Companies that integrate Artificial Intelligence (AI) responsibly gain more than competitive advantages, as they also reinforce their credibility with their audiences. This is the conclusion of an article published by World Economic Forum to guide the discussions of its annual meeting. The text, signed by Maria Basso and Cathy Li, respectively, head of AI Applications and Impact and head of AI, Data and Metaverse at the Forum, highlights that transparency, ethics and responsibility are now factors as important as technological innovation.

The challenges that come with implementing AI—from cultural hesitations to operational costs—show the importance of a thoughtful approach to this area. Organizations that prioritize data security, inclusion, and workforce reskilling do more than mitigate risk: they also project an image that their leaders are committed to social progress.

The authors cite some recommendations to be observed in the era of Artificial Intelligence, which is advancing as one of the most transformative forces of the 21st century, promising to revolutionize industries, automate tasks and offer hyper-personalized solutions:

Collaborative ecosystems

Companies that foster partnerships between governments, universities, civil society and the private sector are at the forefront of responsible innovation. These collaborative ecosystems enable knowledge sharing and the creation of ethical solutions, which are essential for building trust.

Trust and self-governance

Transparency is the foundation of successful AI adoption. Companies that embrace principles of fairness, bias mitigation, and privacy protection create a safe environment for customers, employees, and investors.

Talents and cybersecurity

Reskilling the workforce and implementing robust cybersecurity measures are considered essential. Skilled employees not only contribute to innovation, they also act as brand ambassadors.

Tangible impacts

Organizations that lead transformation through AI—both generative (creating new content) and agentic (acting autonomously, in the form of robots and virtual assistants)—have the opportunity to shape the future in ethical and inclusive ways. In areas such as healthcare, sustainability, and global connectivity, AI is having tangible impacts, from early disease detection to optimizing energy consumption and promoting linguistic inclusion.

Still, the authors understand that advances will only be sustainable if accompanied by bold leadership. Companies that incorporate ethical practices and invest in transformative solutions do more than drive innovation: they solidify their position as agents of positive change.

More than just a technological strategy, AI is an opportunity to build a corporate culture based on ethics, transparency and innovation. Organizations that take the lead in this transformation demonstrate that it is possible to combine economic growth with positive social impacts, shaping an inclusive and sustainable future for all.

The authors warn that the evolution of AI requires a strategic and balanced approach that amplifies the benefits while mitigating the risks. And they conclude with a defense of the AI Transformation of Industries initiative, part of the AI Governance Alliance Forum, which offers “a trusted and neutral platform to guide this journey”.

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