Dean and Meade H Willis Distinguished Professor of Taxation, Kenan-Flagler Business School
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Are emerging technologies changing business or just business processes?
As the traditional retail apocalypse continues, corporate leaders are struggling with the question of how their industry could be fundamentally transformed by emerging technologies. In most sectors outside retail, change has been largely incremental, but many see the financial services sector as a likely industry for major disruption. This section looks at finance as a case study for understanding the forces driving incremental and radical changes in markets and strategy.
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A looming question for product developers is – how to minimize accidents based on AI? The concerns are rapidly becoming real for makers of autonomous vehicles, providers of information services, and financial institutions as the public becomes more concerned about how computers make decisions using artificial intelligence and understand different kinds of errors that might happen in practice. Problems range from forced judgments to deliberate manipulation.
Assistant Professor of Marketing, UNC Kenan-Flagler Business School
12:00 PM-1:30 PM
Session II: Luncheon
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1:30 PM-2:30 PM
Session III: Breakout
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Can social bias be removed from AI?
AI systems learn to make decisions based on training data, which can include biased human decisions or reflect historical or social inequities, even if sensitive variables such as gender, race, or sexual orientation are removed. Bias in AI could erode trust between humans and machines that learn. How does a company determine when a system is fair enough to be released? In which situations is fully automated decision making permissible, if at all?
Principal Data Scientist, Artificial Intelligence and Machine Learning, SAS
What is all the noise about quantum computing?
Quantum computers operate by exploiting laws of physics that allow otherwise-impossible computations to be performed. Unfortunately, performing quantum computations creates quantum decoherence, or noise as its commonly called. There is a certain threshold for noise – called fault tolerance – where quantum computers will theoretically be reliable enough to be considered useful. Noise, or decoherence, is a huge problem for quantum computers but current research trends indicate it is far from an insurmountable one. How far off are lasting breakthroughs in quantum technology, and might they reshape business operations when fully realized?
Global Leader for Quantum Finance & Optimization & Research Staff Member, IBM Research
Can IoT overcome its security risks?
The Internet of Things is connecting more devices every day. The benefits that make every day tasks easier for the individual and increase productivity on a large scale can overshadow the risk as the increase in connected devices gives hackers and cyber criminals more entry points. What are the pivotal new developments within IoT that will change public perception and gain consumer confidence? Can a carefully planned and executed IoT-based system integration ensure the security risks do not outweigh the business benefits?
Manager Americans Artificial Intelligence, SAS Global Technology Practice, SAS Institute SAS
2:45 PM-3:45 PM
Session IV: Breakout
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Will blockchain technologies produce massive efficiency gains?
Blockchain is an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way. Under such a new paradigm, individuals, organizations, machines, and algorithms would freely transact and interact with one another with little friction, threatening to undermine the roles of lawyers, brokers, and bankers, among others. If there is to be a blockchain revolution, what barriers—technological, governance, organizational, and even societal—will have to fall?
Finance and payments are an ever-changing space. The growth in interest in digital currencies has expanded into many banks. Will cryptocurrencies become legitimate in the eyes of governments and regulators? Can the payment market develop the necessary global reach? Who will lead the way – incumbent financial institutions or disruptive start ups?
People around the world are confused and concerned about what companies do with the data they collect from their interactions with consumers. Treating our data as our personal information property has understandable appeal. Is data a commodity or is it just information? Can we strengthen privacy by treating personal information as property to be licensed or sold? How are commercial markets responding to the implementation of the General Data Protection Regulation (GDPR) in Europe and the California Consumer Privacy Act (CCPA)?
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Can companies protect their workforce from disruptive technology?
What will the workforce of the future look like, and how can we accelerate the transformation of institutions, organizations, and human skills to keep up with the quickening pace of digital innovation? Will advanced technologies onshore U.S. manufacturing?
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Richard "Dick" Levin Distinguished Professor of Finance, Area Chair of Finance and Associate Dean for the PhD Program, UNC Kenan-Flagler Business School
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5:15 PM-6:30 PM
Reception
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Kenan Institute of Private Enterprise
Established in 1985 by Frank Hawkins Kenan, the Kenan Institute of Private Enterprise is a nonpartisan business policy think tank affiliated with the UNC Kenan-Flagler Business School. The nonprofit institute and its affiliated centers convene leaders from business, academia and government to better understand how the private sector can work for the public good. The institute leverages best-in-class research to develop market-based solutions to today’s most complex economic challenges. In doing so, the institute aims to support businesses and policies that better the lives of people in North Carolina, across the country and around the world.
A Frank Hawkins Kenan Institute of Private Enterprise Event