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Derek Wilson, President & CEO, CDO Advisors LLC
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Anne Legg, VP - Strategic Marketing, Credit Union Solutions, Fiserv
Ethical Leadership and Decision-making in the Age of AI and Big Data
After conquering Seattle, Amazon opened its second headquarters in Long Island. The opening of the HQ is accompanied by voices of comfort and discomfort in America, from the topics ranging to economic growth to condemnation and the cries of crony capitalism. What needs care and attention is the change that is affecting everyone. E-commerce giant’s second HQ should be welcomed with open arms.
On the bright side, online retailer presence offers business, higher education, and political leaders a tremendous opportunity to tackle the real challenges of the new economy as defined by innovation, entrepreneurship, and technological change. National Census observes that new generations need a unique skill set to adapt to the latest trends in the market. Amazon entry opens a window of opportunities for the youth of that region.
Amazon, one of the world’s largest retailers, is also adding AI tools to its business to maintain its competitive advantage in the industry; this underscores the importance of re-examining business ethics. This means the next generation has to be trained to understand ethical leadership empathy. Advancements in AI-enabled tools also opens a window for unintended and intended consequences for which the potential workforce needs to be educated. Hynes Institute for Entrepreneurship and Innovation is able to keenly handle this issue.
In 2017, Hynes Institute for Entrepreneurship and Innovation at Iona College created a curriculum that encompasses ethical leadership and decision-making. Hynes Institute believes entrepreneurship is a universal skill set students can apply to the IBMs, Googles, Facebooks, and Amazons of the world. Hynes Institute focuses on entrepreneurship, creative innovation, and design thinking. It provides innovation challenges for students to address everything from monetizing new creations to cleaning water through advanced water filtration systems. The institute applies an interdisciplinary approach by weaving philosophy, art, and math courses into the business curriculum so that students can think out of the box and are capable of creating a new table altogether.
Integrating these aspects into a company’s thinking could be one of the most important decisions since increasing data breaches have surfaced.