Exploring the future of AI with Fatih Nayebi, Vice President, Data & AI, ALDO Group

Posted by World Summit AI on Apr 17, 2024 10:29:29 AM
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Ahead of World Summit AI Americas (24th-24th April 2024, Palais de congrès de Montréal, Montréal), we asked Fatih Nayebi, Vice President of Data & AI at ALDO Group, his thoughts on the future of AI.

If you could solve any global problem in the world with AI, what would it be and why?

I would focus on combating climate change. This is an urgent issue impacting every corner of the globe, threatening biodiversity, human health, and economic stability. AI can play a pivotal role here, especially through its ability to analyze vast datasets—more than any human team could manage. By using AI, we can better predict weather patterns, optimize energy consumption, and even develop new, more efficient materials for capturing carbon dioxide.

What do you think are the 3 most important things for businesses in relation to AI at the moment?
First, the integration of AI into business processes is vital. AI isn't just a tool for automating routine tasks;it's a transformative force that can redefine how we understand customer behavior, optimize logistics, and even drive product development. Businesses need to strategically embed AI in their core processes to truly reap its benefits.

Second, ethical AI and data governance cannot be overlooked. As businesses collect and utilize more data, the responsibility grows to use that data ethically and to ensure its security. This includes being transparent about AI-driven decisions, protecting customer privacy, and preventing biases in AI models. Establishing robust governance frameworks around data and AI operations is essential to build trust and comply with increasing regulatory standards.

Lastly, upskilling and talent development are critical. The technology is only as good as the people who implement and manage it. Businesses must invest in training their workforce, not only to operate AI tools but to think critically about how AI can be applied innovatively within their roles. Building an AI-savvy workforce is essential for businesses to stay competitive in a rapidly evolving digital landscape.

Fatih Nayebi
What do you think are the 3 most important things for humanity in relation to AI at the moment?
First, ethical AI development is paramount. As AI systems become more integrated into our daily lives, the need for these systems to operate fairly and transparently increases. We must develop AI technologies that people can trust and rely on, which means implementing rigorous standards for fairness, ensuring transparency in how decisions are made, and being accountable for the outcomes.

Second, we need to address the economic impacts of AI, particularly regarding job displacement. AI brings tremendous efficiency gains but also poses challenges to traditional jobs and industries. It’s essential to develop strategies and policies that support workers affected by AI-driven changes. This includes retraining programs, support for transition into new roles, and perhaps even revisiting ideas like universal basic income.

Lastly, it's crucial that the benefits of AI are shared globally. This technology should not widen existing inequalities but should be a tool for improving lives worldwide. We need initiatives that ensure AI technologies are accessible across different regions, supporting local innovations and addressing specific challenges like healthcare, agriculture, and education in less developed economies.
How do you think AI will make its biggest mark in the next 5, 10, 20 years?
In the next 5 years, AI will primarily enhance existing technologies, making them more efficient and accessible. We'll see significant improvements in AI applications for everyday activities such as personalized healthcare, real-time language translation, and smarter home automation. Businesses will increasingly rely on AI for data-driven decision-making, optimizing supply chains, and enhancing customer experiences.

Over the next 10 years, I expect AI to start revolutionizing industries by driving major innovations. For example, in healthcare, AI could lead to breakthroughs in personalized medicine and complex surgery, potentially extending life expectancy and quality. Autonomous vehicles could become mainstream, altering transportation, reducing traffic accidents, and reshaping urban planning. Furthermore, AI-driven automation could transform job markets, necessitating shifts in education and workforce development.

Looking 20 years ahead, AI's impact could extend to reshaping societal structures and interactions. I envision a world where AI interfaces serve as primary points of interaction for government, health, and even interpersonal communication. AI could play a critical role in managing resources more efficiently, tackling global challenges like climate change by optimizing energy use and aiding in large-scale environmental projects. It might also lead to new forms of governance, where decision-making is augmented by predictive models and real-time data analysis.
Which 2 people do you admire most in the world of AI in terms of their work?
In the world of AI, two individuals whose work I greatly admire are Geoffrey Hinton and Yoshua Bengio. Both have been pivotal in the advancements of deep learning and neural networks, fundamentally changing how we approach machine learning today.

Geoffrey Hinton, often referred to as the 'godfather of deep learning,' has been instrumental in the development of neural networks. His work on backpropagation in the 1980s laid the groundwork for the AI systems we see today in everything from voice recognition to medical diagnosis. His ability to push the boundaries of AI, coupled with his commitment to teaching and mentoring the next generation of AI researchers, is particularly inspiring.

Yoshua Bengio, similarly, has made profound contributions to the theoretical underpinnings of deep learning. His research has been crucial in understanding how deep networks function and in advocating for the ethical use of AI. As a professor and the head of the Montreal Institute for Learning Algorithms, Bengio has fostered an environment that champions open collaboration and innovation in AI research.

I admire them not just for their technical contributions but also for their dedication to ethical considerations and education in AI. Their work has not only propelled technological advancements but also encouraged a thoughtful approach to the impact of AI on society.
What are you most excited about taking part in the WSAI Series?
I'm incredibly excited about participating in the World Summit AI Series for several reasons. First, the opportunity to network with some of the brightest minds in artificial intelligence is invaluable. Engaging with other AI experts from various industries and academic backgrounds not only broadens my own understanding but also enriches the collective knowledge that we can all bring back to our respective fields.

Additionally, I am eager to learn about the latest developments and innovations in AI. This summit is a showcase for cutting-edge research and groundbreaking applications of AI across different sectors. Understanding these advancements allows me to bring new ideas and technologies into my work at ALDO Group, as well as into the classroom at McGill University.

Sharing my own experiences and insights is another aspect I look forward to at the summit. Contributing to the global conversation about AI and discussing practical challenges and solutions in implementing AI at scale in retail and education helps others and also provides me with feedback that is crucial for growth and improvement.

Lastly, I am particularly interested in the discussions around the ethical use of AI and how we can harness AI responsibly to tackle major global challenges such as climate change, healthcare, and education. The World Summit AI Series is a platform not just for technological exchange but also for shaping the future impact of AI on society.
Connect with Fatih on LinkedIn

Global AI events calendar

World Summit AI Americas
24-25 April 2024
Montréal, Canada
World AI Week 
7-11 October 2024
Amsterdam, Netherlands
World Summit AI
9-10 October 2024
Amsterdam, Netherlands
Intelligent Health
11-12 September 2024
Basel, Switzerland
World Summit AI MENA
10-11 December 2024
DECC, Doha, Qatar
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