The dynamic world of Artificial Intelligence and its implications for various sectors was the topic of discussion as AI Ireland Founder Mark Kelly joined Accenture’s Paul Walsh and Dogpatch Labs Niamh Sterling at an insightful AI Tribes in Dublin last month.
The conversation delved into regulatory approaches to AI in different regions, comparing the EU’s stringent regulations with the US’s more innovative stance, and the UK’s sector-specific approach. Mark highlighted the EU’s focus on privacy by design and human-centric AI.
“So there’s certain parameters that are being put in place,” he said. “From the EU perspective, they’ve got a real approach for privacy by design, human centric approach with AI and they want to be very specific where people are using that to provide kind of guardrails to that”
The discussion then shifted to technological advancements in AI, with a focus on the democratisation of AI tools and the need for differentiation in a competitive landscape. Paul emphasized the importance of data and domain expertise, while Mark highlighted the potential of leveraging proprietary data for competitive advantage.
Both Paul and Mark also emphasised the transformative potential of AI across various industries, citing examples from customer service to healthcare. Mark shared insights into how everyday AI tools are enhancing productivity.
“From a business perspective, being a solopreneur, working in an SME or a large enterprise, there’s never a better time to be productive,” he said. “The tools that you can take off the shelf that you can purchase now will genuinely save you 5 to 10 hours per week productivity with no issue whatsoever.”
As the discussion wrapped up, both speakers expressed optimism about Ireland’s future in AI, highlighting the country’s strong foundation, innovative initiatives like Accenture’s Gen AI Studio, and the potential for startups to thrive in the AI ecosystem.
In conclusion, they provided valuable insights into the regulatory, technological and societal implications of AI, highlighting the opportunities and challenges ahead as we navigate the evolving AI landscape.
“If you ask the general public is, they don’t trust AI,” Mark highlighted. “So if you start with lack of trust, you can’t really build a strong business model on that. So when you start from there and you build it up, that becomes better.
“What I think we need to be cognizant of though, is having some type of balance. With the AI EU Act, they’ve really looked for that balance. Now, they can say: listen, look at the introductions of AI, come to our sandbox, try it out. We’ll give you feedback. Let’s put it into practice.”
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