Welfare Impact Assessment

Description: The ‘Welfare Impact Assessment’ refers to the systematic process of analyzing and measuring the effects that artificial intelligence (AI) technologies have on the well-being of individuals and communities. This approach seeks to identify both the benefits and risks associated with the implementation of AI-based solutions, considering ethical, social, and psychological aspects. The assessment focuses on how these technologies can influence quality of life, social equity, and access to resources, as well as the mental and emotional health of individuals. By addressing these issues, the aim is to promote responsible and sustainable development of AI, ensuring that its integration into society is not only efficient but also fair and beneficial for all. The welfare impact assessment thus becomes a crucial tool for developers, policymakers, and organizations, enabling them to make informed decisions that prioritize human well-being in an ever-evolving technological landscape.

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