Award-winning author warns of economic, privacy risks for artificial intelligence and machine learning negligence

East Lansing, Michigan, USA and Evian-les-Bains, France—May 24,
2019—American economist Patrick L. Anderson appears before a
group of international forensic economists this weekend to sound the
alarm on damages caused by AI programming errors and omissions.
NAFE International meets in Evian-les-Bains, France on the one year
anniversary of GDPR's implementation, May 25.

Mr. Anderson will present new findings that demonstrate the potential
for substantial damages stemming from mismanagement and complicity in the misuse of data in the fast-growing AI and machine learning application sector.

The work, which describes four main categories of damages resulting from improper implementation of AI principles, suggests a clear lack of awareness of and preparation for potential harm. These failures in management pose both organizational risks and risks to citizens around the globe.

"In at least some cases," Anderson explains, "AI is misused, misapplied,
conducted without proper supervision, implemented using data for which proper permission was never obtained, presented in a way that conceals its actual performance, or a combination of these."

To mitigate these risks, Anderson proposes the development of a methodology to evaluate AI applications and data. His proposal includes steps for conducting "AI audits," with the goal of preventing damages from ignorance and misuse that dwarf those caused by the deliberate distribution of malware.

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About Patrick L. Anderson
Mr. Anderson founded Anderson Economic
Group in 1996 and serves as its principal and
CEO. In 2012, he also founded Supported
Intelligence, and now serves as SI's executive
chairperson. Mr. Anderson has published
over 100 works, several of which have won
national awards for outstanding writing in
economics, including Business strategy and
firm location decisions: testing traditional
and modern methods.

About Anderson Economic Group
Anderson Economic Group, LLC, is a U.S.-
based research and consulting firm that
specializes in economics, public policy,
commercial damages, market analysis, and
tax and regulatory policy.

About Supported Intelligence
Supported Intelligence, LLC was formed to
develop and implement the Rapid Recursive®
Toolbox. This suite of software tools mimics
the way people naturally approach decisionmaking
problems. It provides revolutionary
analytical power by leveraging myriad data
sources to evaluate multiple scenarios and
enhance predictive ability.

Anderson Economic Group
Patrick L. Anderson, CEO
1555 Watertower Place, #100
East Lansing, MI 48823

Tele: 517.333.6984
email: lwbooth@andersoneconomicgroup.com

This release was published on openPR.