The Risks of Technology in Business

What are the risks of using technological innovations in business?There are risks associated with the crypto world, including custodial risk and economic exploits. There are also regulatory risks with competition from central banks issuing their own digital currencies, and risks associated with extrapolation from patterns detected in big data by AI systems. Applying algorithms blindly can lead to miscarriages of justice, exploitation, and discrimination. So how should society mitigate these risks, and where do we go from here?A lecture by Raghavendra Rau recorded on 5 June 2023 at Barnard's Inn Hall, London.The transcript and downloadable versions of the lecture are available from the Gresham College website: https://www.gresham.ac.uk/watch-now/tech-businessGresham College has offered free public lectures for over 400 years, thanks to the generosity of our supporters. There are currently over 2,500 lectures free to access. We believe that everyone should have the opportunity to learn from some of the greatest minds. To support Gresham's mission, please consider making a donation: https://gresham.ac.uk/support/Website:  https://gresham.ac.ukTwitter:  https://twitter.com/greshamcollegeFacebook: https://facebook.com/greshamcollegeInstagram: https://instagram.com/greshamcollegeSupport the show