Policy Making & National AI Strategies
Top five AI challenges for companies in 2019
Given the exponential growth of technology it is understandable that nations are vying with each other to develop their own national AI strategy. How can AI advance a nation's competitive advantage? Delving into the six different forms of capital bionic companies* use to build competitive advantage and applying them to nations, will help answer this question.
* Everson and Sviokla, 2018
National AI policies have significant ground to cover. Besides working to increase domestic competitiveness and help businesses succeed with AI using the six forms of capital identified above, these policies also aim to address certain key concerns that accompany the technology.
At PwC, we group the risks associated with AI into six types:
The National-Level risks are more more important, far-reaching, and impact the socio-economic environment in which AI systems operate. These are issues that need to be tackled at the national, supranational, or societal level, across the globe.
The Business-Level risks are related to how AI systems are scoped, designed, built, tested, monitored, and refined. Mitigating these risks may require changes to the way organisations build and govern AI systems.
Some countries have started exploring a series of trade-offs that AI presents in an attempt to address them in their policy documents, acknowledging that all of society - businesses, individual consumers, and academics alike - plays a role in how these issues are managed.
Given the considerable opportunities and risks associated with AI, national strategies should leverage the opportunities while mitigating the risks.
At PwC, we have developed an automated natural language processing tool called, National AI Strategies (NAIS) Radar, that analyses all documents on national AI Strategies and performs topic modeling and summarises the key policy recommendations being made by different countries.
Key topic areas addressed by different national AI strategies, along with details on specific documents and policy areas.
As more countries release national AI strategies, businesses should follow these developments closely - and get involved in helping their governments shape policies that will impact the ways that AI and related technologies transform the business landscape. Companies should consider joining policy working groups and jointly advancing AI skills and education, as well as pursuing other efforts that help clarify how to balance their business interests with the greater good.
Given the massive opportunities and potential risks associated with AI, companies, global bodies, nonprofit groups, citizens, and policymakers must come together to devise the right strategies that consider the various trade-offs in ways that make sense in their country. Not having a coherent, comprehensive national strategy could put future generations at a competitive disadvantage.
Taking steps toward responsible AI
Global Artificial Intelligence Leader, Principal, PwC United States
Tel: +1 (617) 633 8354
Economic Development, Digital transformation and Innovation Lead, PwC Luxembourg
Tel: +352 49 48 48 2199