Luxembourg is forging a world Artificial Intelligence - KPMG Luxembourg
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How Luxembourg is forging a world of Artificial Intelligence

Bringing sci-fi to life

Bringing sci-fi to life

As we speak, AI is transforming our workplaces and society as a whole

Billions are affected by this development due to the endless range of applications: in healthcare, universities are working with tech companies on AI-enabled tools to diagnose and treat mental illness; in the public sector, AI applications support teachers in grading student papers; in supply chain management, AI is used to optimize warehouse efficiency; in retail banking, AI accelerates and improves credit decisions; in marketing, AI can automate the set-up and monitoring of social media campaigns. And that’s just the tip of the iceberg…

However, the idea of a bright, AI-enabled future is overshadowed by a set of stumbling blocks ultimately affecting society as a whole. Areas of concern include the transformation of workforces, the mitigation of cyber risks, and the development of ethical guidelines and boundaries for sustainable AI adoption. These stumbling blocks currently put burdens on innovators already facing the challenges inherent in entrepreneurship and original thinking — and they cannot often be overcome merely at company or individual levels.

Now is the time for us to develop real answers to unresolved questions about our future workforce, the security of our data, and an ethical AI agenda, which would concretely pave the way for sustainable AI adoption. — Sven Mühlenbrock, KPMG Luxembourg

From a global perspective, Luxembourg and its visionaries are in the ideal position to play a substantial and pioneering role in tackling these challenges and bring the bright, technological vision of AI to life. The long-standing dominance of its tertiary sector, the heft of its human capital development, and its workforce’s cultural variety and openness, are just a few of the factors enabling Luxembourg to think — and act — outside the box.

Now is the time for us to develop real answers to unresolved questions about our future workforce, the security of our data, and an ethical AI agenda, which would concretely pave the way for sustainable AI adoption. This time, the need for leadership in the field of AI and ethics could spell a competitive advantage for Luxembourg, and the EU as a whole.

This article is an extract of a white paper which has been published in full in the January 2019 edition of IT One Magazine (www.itone.lu).

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