In this video:
Fireside Chat with Ramesh Narayanaswamy, Chief Technology Officer, Aditya Birla Capital
Topic: Shaping the Future of Finance: Convergence of Technology, Ethics & Innovation
Key Highlights:
[1] Governments across the world, including at state levels, are forming committees and policies to address the convergence of technology, ethics, and innovation, but care must be taken not to stifle innovation.
[2] Technology, especially advancements like AI, plays a crucial role in driving innovation, allowing businesses to scale and solve complex edge cases that were previously difficult to address.
[3] The rise of AI introduces new challenges, especially regarding the explainability of how AI solves problems, which is essential for human acceptance of AI-based solutions.
[4] Innovations like apps that can measure blood pressure using a camera show the rapid advancements in technology, but also raise questions about the accuracy and reliability of such measurements.
[5] While AI offers significant opportunities, the integration of human judgment (human in the loop) remains essential to ensure that AI solutions are applied effectively, particularly in complex areas like financial services.