3 ways to embed DEI into your company’s AI strategy

illuminem summarizes for you the essential news of the day. Read the full piece on Harvard Business Review or enjoy below:

🗞️ Driving the news: Here are the three crucial strategies for integrating Diversity, Equity, and Inclusion (DEI) into a company's AI strategy:
1. Embed DEI into the Design of Your AI System
2. Incorporate DEI into Upskilling and Training Programs
3. Use AI as an Opportunity to Boost DEI

🔭 The context: This approach was devised by Andy Baldwin and informed by his experience as EY's Global Managing Partner-Client Service and a member of the EY global DEI steering committee
• He points out that global efforts are being made to establish guidelines for responsible AI, emphasizing the need for businesses to adopt practices that support DEI while mitigating AI-related risks

🌍 Why it matters for the planet: Embedding DEI in AI is not just a business imperative but also a societal one
• As AI systems have the potential to influence large segments of the population, ensuring they are equitable and inclusive is crucial in creating a more just and fair society

⏭️ What's next: To harness the full potential of AI, businesses should adopt the three strategies laid out by Baldwin to ensure that their full workforce is engaged

💬 One quote: “A people-centered AI transformation will be the only kind of AI transformation to succeed,” (Andy Baldwin)

📈 One stat: According to the 2023 EY CEO Outlook Pulse Survey, nearly two-thirds (65%) of CEOs view AI technology as a force for good

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