What are the main risks associated with using AI in data analysis?
The main risks include data privacy concerns, algorithmic bias, and over-reliance on automated insights.
Can you explain how algorithmic bias occurs?
Algorithmic bias occurs when the data used to train AI models reflects existing prejudices, leading to skewed results.
What can be done to mitigate these risks?
To mitigate risks, organizations can implement strict data governance, conduct regular audits, and ensure diverse data sets.
Are there any regulations in place to address these issues?
Yes, various regulations like GDPR in Europe aim to protect data privacy and ensure ethical AI use.
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