The Benefits of Ethical and Responsible AI for Nordic Businesses

The vision of the AI & Data program is to establish the Nordic region as world leading in digitalisation, ethical AI, and responsible use of data. This report is part of a larger project, Nordic Ethical AI & Data Ecosystem Building, under the AI & Data program at Nordic Innovation. The goal of the project is to explore how Nordic datasets and capabilities in ethical AI and responsible use of data can contribute to the development of new innovative solutions in Nordic businesses.  The report aims to answer the following questions: What are the benefits of adopting an ethical and responsible approach to AI? What does the regulatory landscape currently look like for AI?  What is the status of ethical and responsible AI in the Nordics today?  What is needed from businesses and decision makers to accelerate adoption of ethical and responsible AI in the Nordics?