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AI in EdTech and FinTech: Stakeholder Engagement and Better Governance and Policies for Data Privacy
Abstract
Artificial intelligence as a component of education technology and financial technology is burgeoning and its capacity for disruption is being demonstrated in some of the most dominant use cases in these sectors. As this emergence takes place, there is a need to ensure that appropriate governance and stakeholder engagement are in place to facilitate data privacy policies that minimise risk, bias, discrimination, and other unintended consequences that could occur from the use of these technologies. This chapter delves into the state of artificial intelligence in the EdTech and FinTech sectors, the current stakeholder, governance, and data privacy challenges and recommends how the interplay of stakeholder engagement, regulation, and governance at the regional, national, organisational and project levels can contribute to robust data privacy policies in these sectors.
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