30 Nov 2023

KPMG - AI Insights

On Wednesday 6 December 2023, techUK and partners will bring together world leading academics, philosophers, lawyers, technology experts, policy makers and other key stakeholders at techUK’s seventh Digital Ethics Summit.

At this crucial moment in the AI conversation where ethical issues raised by AI have become the global news story discussed in parliaments, offices, schools and homes, this year’s Summit has never been more important. During our Digital Ethics Summit 2023 we will evaluate where we are right now, analyse how we shape what comes next, and agree how we can seize this moment to build the right policy, governance and regulatory frameworks and ensure the responsible use of these technologies.

As a Silver Sponsor at this event, KPMG has shared two insights on AI:

Click here to read the article about the risks and governance approach of generative AI

AI for Business - From automating tasks, to reducing costs and increasing revenue - find out how KPMG can help you

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According to KPMG’s latest CEO Outlook almost a quarter (22%) of UK CEOs said the top benefit of implementing the use of generative AI in their organisation was increased profitability, followed by new product and market growth opportunities (19%) and increased innovation (17%). Despite a willingness to push forward with their investments, global CEOs cited ethical challenges as their number one concern in terms of the implementation of generative AI.

KPMG takes a responsible approach to assessing the ethics, governance and security in place around clients’ AI and machine learning technologies. The set of frameworks, controls, processes and tools can help KPMG’s clients harness the power of AI —designing, building and deploying AI systems in a safe, trustworthy and ethical manner —so companies can accelerate value for consumers, organisations and society. Our responsible AI approach ensures:

  • Fairness: Models are equitable and focused on mitigating societal bias.
  • Explainability: AI can be understood, documented and open for review.
  • Accountability: Mechanisms are in place to drive responsibility across the AI lifecycle.
  • Data integrity: Data quality, governance and enrichment steps embed trust.
  • Reliability: AI systems perform at the desired level of precision and consistency.
  • Security: Safeguard against unauthorized access, corruption or attacks.
  • Privacy: Compliance with data privacy regulations and consumer data usage.
  • Safety: AI doesn’t negatively impact humans, property or the environment.

Our people-centred approach to AI focuses on minimizing bias in AI and ensuring that people are considered in the use of AI.

KPMG LLP, a UK limited liability partnership, operates from 20 offices across the UK with approximately 17,000 partners and staff. The UK firm recorded a revenue of £2.72 billion in the year ended 30 September 2022. KPMG is a global organisation of independent professional services firms providing Audit, Tax and Advisory services. KPMG is the brand under which the member firms of KPMG International Limited (“KPMG International”) operate and provide professional services. “KPMG” is used to refer to individual member firms within the KPMG organisation or to one or more member firms collectively.

KPMG firms operate in 145 countries and territories with more than 236,000 partners and employees working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. Each KPMG member firm is responsible for its own obligations and liabilities. KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients. For more detail about our structure, please visit http://kpmg.com/governance

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How do we ensure the responsible and safe use of powerful new technologies?

Join techUK for our 7th annual Digital Ethics Summit on 6 December. Given the ongoing concerns about the impact of emerging tech, the Digital Ethics Summit will explore AI regulation, preparing people for the future of work, the potential impact of misinformation and deepfakes on elections, and the ethical implications of tech on the climate emergency.

Book your free ticket