PwC and Vector Institute Discuss Responsible AI Guardrails

Amid rising artificial intelligence adoption in business, a fireside chat hosted by the Vector Institute for Artificial Intelligence and PwC Canada addressed the critical need for Responsible AI governance. Held on July 15, 2021, the discussion featured Annie Veillet, Partner at PwC Canada, and Ron Bodkin, VP of AI Engineering at Vector Institute. They defined Responsible AI as essential guardrails ensuring systems act ethically, fairly, and as intended. The experts highlighted that only 12% of companies have fully embedded AI risk management. Key dimensions of Responsible AI discussed include ethics and regulatory compliance, robust end-to-end governance, bias and fairness mitigation, interpretability and explainability of model decisions, and system robustness and security. The session aimed to help organizations navigate unique AI risks and challenges in the absence of widely accepted standards, emphasizing the importance of technical safeguards and human oversight to prevent discriminatory outcomes and maintain trust in AI technologies.