With more and more businesses adopting artificial intelligence (“AI”) and other complex algorithms, lots of decisions that used to be made by humans are now being made (either completely or partly) by algorithms or models. Organizations are seeing huge efficiency gains from automating previously manual tasks, and for many automations, the quality of the outcome is significantly improved.
Lawmakers and regulators are starting to pay closer attention to the use of AI across sectors, especially where its application may impact individuals’ financial or other life opportunities. Clearly, employment is a key area, targeted for increased regulation. So what does your business need to know about the new rules regarding the use of AI in HR processes, and how can they prepare?