What is your company’s digital ethics score?

Written by Sarah Burnett, Executive Vice President & Distinguished Analyst, Everest Group

I marvelled at the passion demonstrated by the London Extinction Rebellion activists while I attempted to make my way to the Digital Agenda Power & Responsibility Summit at the British Library on 9 October.

During the Summit itself — while listening to presentations delivered by eminent speakers including Matt Warman MP, Minister for Digital and Broadband, at DCMS; Sana Khareghani, Head of UK Government Office for AI; Russell Haworth, CEO, Nominet; Cheryl Stevens MBE, Deputy Director for Trust & Identity at DWP; Jacqueline de Rojas CBE, President, techUK; and Caroline Criado Perez OBE, award winning author of Invisible Woman and activist, and chaired by Rachel Neaman, strategy director — it struck me that consumer disillusionment with unethical applications of technology could lead to its own type of activism in the form of product and service boycotts.

Indeed, the term activism came up more than once during the Summit. And this isn’t such a far-fetched idea when you consider how much attention is being paid to issues like:

• Inappropriate use of people’s personal data
• Infringement of privacy via home virtual assistants and AI-based face & voice recognition
• Gender bias by big tech companies leading to staff walk outs
• Poor working conditions in on-line retail operators’ warehouses and delivery operations
• Clever multi-country tax avoidance schemes.

I found the conference to be something of a clarion call. The industry needs to clean up its digital ethics act or suffer even more damage to its brand and subsequently, face more regulation, and perhaps even experience consumer activism.

Potential benefits of digital ethics

Although it’s a given that organizations should conduct business ethically, fast technological advancements provide additional compelling reasons to re-examine this aspect of their businesses. Those that do re-align their ethics to the changing tech landscape can realize multiple business benefits:

• Brand enhancement: Beyond the green benefits of better resources and energy management, enhanced brand awareness as an ethical tech provider or user could increase customer loyalty
• Recruitment: This branding could lead to more people wanting to work for the company. This is particularly important given the steady decline in unemployment in recent years. For example, in the U.S., job vacancies are higher than the unemployment rate, and the figures are converging in other developed countries too
• Better corporate performance: Numerous studies have shown that diversity in boards results in a culture that delivers better outcomes. The same is true of diversity in product design, e.g., avoiding expenditure on products that are specifically targeted to Caucasian men and have to be redesigned to appeal to the wider population.

An example of corporate action

Corporations are starting to take action to better align their overall governance and ethics to the changing world demands. For example, Santander Bank recently took up paid ads in the New York Times to highlight its commitment to being a top employer by measures such as having more women in leadership, supporting the green economy, and more. Adding an ethical digital strategy would extend this kind of rebranding and is a must to restore trust in technology.

How to get started

Every company today must have an evolving ethical digital strategy in order to restore trust among their consumers. Lofty and hollow corporate social responsibility statements won’t work. To change consumer sentiment, you need to put solid, trust-instilling policies into practice.

As a starter, use the simple checklist that we have provided to self-score how your company currently ranks in numerous areas: 1 = lowest, and 5 = highest. Then, look at what you can do to raise your score.

Rapid advances in technology everyday take us further into the realm of unknown consequences and impacts of innovation. We want to innovate, but not at any cost. It is incumbent upon all of us, especially tech leaders, to set the direction of travel away from undesired outcomes.

Originally published at https://digitalagenda.io.