Summary
In this chapter, we examined a variety of AI use cases concerning the retail, supply chain, BFSI, and healthcare sectors. We saw the regulations and standards that retailers must follow to comply with privacy laws, and we understood, as advocates of Responsible AI, both the positive and negative consequences of dynamic pricing and how fair pricing can be achieved. Next, we delved into understanding CFs and their indispensable applications in the retail, supply chain, BFSI, and healthcare industries. Via examples, we learned how CFs help us in evaluating marketing campaigns, calculating conversion rates in the retail industry, understanding the impacts of delays, and mitigating them in supply chain pipelines. We also worked on a practical use case to dig into a loan application process and generate diverse CFs to see how they would impact the approval/rejection of a loan application.
We also understood the necessity of audits and Responsible AI regulations to regulate deepfakes...