The Role of AI Ethics in Cost and Complexity Reduction

Abstract

This chapter underscores the intrinsic connection between AI ethics and contemporary business dynamics, elucidating how ethical considerations can serve as facilitators for cost control and operational simplification. It offers a comprehensive exploration of how corporations can harness ethical principles to augment efficiency, transparency, and sustainability. This exploration delves into the impediments, strategic methodologies, and tangible benefits associated with the ethical deployment of AI. Commencing with a succinct overview of AI ethics, the chapter delineates key concepts, notably responsibility, justice, and transparency, thereby establishing a foundational understanding of their pivotal significance across diverse business scenarios. The intricate correlation between AI implementation and cost management is accentuated, with a focal point on how ethical AI practices contribute to cost savings and operational streamlining.