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Avoiding Corporate Armageddon: The Need for a Comprehensive Ethical Framework for AI and Automation in Business

In: Responsible Business in a Changing World

Author

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  • Andrej Dameski

    (Università di Bologna
    Université du Luxembourg)

Abstract

The predicted developments with the widespread introduction of artificial intelligence and automation in society, alongside the role business(es) will play in this process, are likely to bring morally problematic developments in the near future. These developments, if not managed in a morally sound manner, may cause significant disruptions and societal crises that will negatively affect all market participants, including business(es), academia, government(s), policy-makers, and consumers. However, involved parties are unable to positively manage such developments if they lack the tools and methodologies to understand, predict, and manage them. Thus, there is a clear moral need for the establishment of a comprehensive ethical framework for artificial intelligence and automation in the business world, that can serve as a tool to achieve exactly this. The author argues for the existence of such need, and of the attributes such a framework should embody to be implemented by all relevant parties in a successful and sustainable manner.

Suggested Citation

  • Andrej Dameski, 2020. "Avoiding Corporate Armageddon: The Need for a Comprehensive Ethical Framework for AI and Automation in Business," CSR, Sustainability, Ethics & Governance, in: Belén Díaz Díaz & Nicholas Capaldi & Samuel O. Idowu & René Schmidpeter (ed.), Responsible Business in a Changing World, pages 353-367, Springer.
    • Handle: RePEc:spr:csrchp:978-3-030-36970-5_20
    DOI: 10.1007/978-3-030-36970-5_20
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