expansion of artificial intelligence (AI) and Automation technologies
The rapid expansion of artificial intelligence (AI) and Automation technologies has led to the overdependence on automated systems. We already have a rich history of automation bias that we can reference on, showing how people trust automated systems over their own judgments. For instance, there are several cases of people following GPS, like the group of tourists in Australia who drove into the Pacific Ocean. Besides, using algorithms and automated decision-making (ADM) leaves no room for corporate to address issues such as ambiguity, uncertainty or volatility. These conditions are necessary when creating a stable dealing in a corporate. By placing too much trust in automated decision making, we risk reducing the rich spectrum of future possibilities to those that are computable. Should we base our decisions about the future on the recommendations of SATNAV (satellite navigation like in cars)? Or should we trust our own judgement and take a different course? Other than introducing robust governance of AI, what should corporates do to mitigate the risk of automation bias when overseeing algorithms and training data?
Since you launched Dream Maker Ventures in 2016, you have provided mentorship and funding to small-and-medium-sized businesses in various industries, including brokerage, real estate development, wealth management, property management, education, private equity, and insurance. This has led to numerous awards, including a Harry Jerome Business Award, an Enterprise Business Award by Planet Africa, an Arbor Award from the University of Toronto, a Business Leadership Award by Leadership and Governance Canada Inc. and more. While you continue to urge the Canadians of diversification, what do you see of the future of Canada business, from social innovations to the future of corporate? Also, since we will be venturing into the business world very soon, can you also tell us why you think it’s vital that we take our businesses global?