Three key steps for CFOs in the AI era
CFOs in the AI era: design data-models and workflows that maximize value, redefine productivity, and establish transparent AI governance....
by Alexander Fleischmann Published April 17, 2025 in Brain Circuits • 2 min read
GenAI inherits bias and fairness issues in the real world that are reflected and embedded in its data and design. Left unchallenged, these issues can seriously undermine the reliability and benefits of GenAI output. Worse, they have the potential to widen real-world problems of representation, access, inclusion, and opportunity.
A notable example was Amazon’s AI recruiting tool. The AI tool was trained on resumes submitted over a 10-year period at a time when the tech industry was predominantly male. Because the algorithm was trained on resumes that resembled past successful candidates, it perpetuated gender bias in hiring by “preferring” male candidates. (Amazon scrapped the tool in 2018).
Bias in GenAI systems can also damage the bottom line by impacting:
Addressing diversity bias in GenAI hinges on people, processes, and technology:
Working towards responsible AI calls for a sense of shared accountability. This is essential to building and shaping GenAI in a way that earns trust, respects values, and benefits us all.
Equity, Inclusion and Diversity Research Affiliate
Alexander received his PhD in organization studies from WU Vienna University of Economics and Business researching diversity in alternative organizations. His research focuses on inclusion and how it is measured, inclusive language and images, ableism and LGBTQ+ at work as well as possibilities to organize solidarity. His work has appeared in, amongst others, Organization; Work, Employment and Society; Journal of Management and Organization and Gender in Management: An International Journal.
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