Meaning ● AI Ethics in Business, for Small and Medium-sized Businesses, centers on the responsible development, deployment, and use of artificial intelligence. This requires SMBs to address potential biases in AI algorithms to ensure fair outcomes for customers, employees, and stakeholders. ● Furthermore, SMBs must ensure data privacy and security when using AI, especially in automation initiatives, to comply with regulations and build trust. Consideration extends to the impact of AI-driven automation on the workforce, necessitating proactive strategies for retraining and upskilling, enabling employees to transition into new roles. SMB leadership needs to prioritize transparency in AI decision-making processes to maintain accountability and public confidence.
