Intro to Business Analytics
Liability refers to the legal and financial obligations that an individual or organization is responsible for, which may arise from past transactions or events. In the context of responsible AI and analytics, liabilities can emerge from the use of algorithms that cause harm, data breaches, or unethical decision-making processes. Understanding liability is crucial as it helps define accountability and the potential consequences of deploying AI systems that may lead to negative impacts on users or society at large.
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