February 2024 | Femi Osasona1, Olukunle Oladipupo Amoo2, Akoh Atadoga3, Temitayo Oluwaseun Abrahams4, Oluwatoyin Ajoke Farayola5, & Benjamin Samson Ayinla6
This review explores the ethical implications of using Artificial Intelligence (AI) in decision-making processes across various industries. It delves into the challenges posed by algorithm opacity, lack of transparency, accountability, and bias in AI systems. The review highlights the need for meticulous examination of training data, algorithmic design, and ongoing monitoring to ensure fairness and mitigate discrimination. It also addresses the complex issue of accountability in AI-driven decisions, emphasizing the importance of establishing clear frameworks to share responsibility among individuals, organizations, and developers. Additionally, the review examines the broader societal impacts of AI, including job displacement, economic inequality, and the concentration of power. It underscores the need for ethical frameworks that evolve alongside technological advancements to foster a responsible and equitable integration of AI in decision-making processes. The review concludes by calling for ongoing dialogue, refined ethical frameworks, and a commitment to responsible AI practices to harness the transformative power of AI while upholding ethical values.This review explores the ethical implications of using Artificial Intelligence (AI) in decision-making processes across various industries. It delves into the challenges posed by algorithm opacity, lack of transparency, accountability, and bias in AI systems. The review highlights the need for meticulous examination of training data, algorithmic design, and ongoing monitoring to ensure fairness and mitigate discrimination. It also addresses the complex issue of accountability in AI-driven decisions, emphasizing the importance of establishing clear frameworks to share responsibility among individuals, organizations, and developers. Additionally, the review examines the broader societal impacts of AI, including job displacement, economic inequality, and the concentration of power. It underscores the need for ethical frameworks that evolve alongside technological advancements to foster a responsible and equitable integration of AI in decision-making processes. The review concludes by calling for ongoing dialogue, refined ethical frameworks, and a commitment to responsible AI practices to harness the transformative power of AI while upholding ethical values.