The Rise of Artificial Intelligence: Effects on the Financial Ecosystem

Prepare: Prior to beginning work on this assignment, please review the attachment titled “Sample Paper” for additional guidance on the expectations of this assignment.

Topic of your essay needs to be about the following global societal problem:

• Rise of Artificial Intelligence: Effects on the Financial Ecosystem
  “At its foundation, artificial intelligence improves the ability to harness massive amounts of data created by day-to-day commercial operations. It assists in recognizing trends, forecasting outcomes, setting rules, optimizing systems, and enhancing communication. Because financial institutions are tech-dependent and data-entrenched, AI skills have deeply impacted the industry’s ecosystem. The numerous applications of AI in key areas of finance provide significant value over traditional approaches, but what about concerns regarding over-reliance? A data-driven machine can be prone to corruptibility and too complex to regulate in an industry that demands transparency. How can AI’s influence in the financial ecosystem remain beneficial while safeguarding against these threats?”

Reflect: Based on the topic, you will need to use critical thinking skills to thoroughly understand how this topic can be a global societal problem and determine some logical solutions to the problem.

Write: This is an argumentative essay and will present research relating the critical thinker to the modern, globalized world. In this assignment, you need to address the items below in separate sections with new headings for each.

In your paper,

• Identify the global societal problem within the introductory paragraph.
  • Conclude with a thesis statement that states your proposed solutions to the problem.
• Describe background information on how that problem developed or came into existence.
  • Show why this is a societal problem.
  • Provide perspectives from multiple disciplines or populations so that you fully represent what different parts of society have to say about this issue.
• Construct an argument supporting your proposed solutions, considering multiple disciplines or populations so that your solution shows that multiple parts of society will benefit from this solution.
  • Provide evidence from multiple scholarly sources as evidence that your proposed solution is viable.
• Interpret statistical data from at least three peer-reviewed scholarly sources within your argument.
  • Discuss the validity, reliability, and any biases.
  • Identify the strengths and weaknesses of these sources, pointing out limitations of current research and attempting to indicate areas for future research. (You may even use visual representations such as graphs or charts to explain statistics from sources.)
• Evaluate the ethical outcomes that result from your solution.
  • Provide at least one positive ethical outcome as well as at least one negative ethical outcome that could result from your solution.
  • Explain at least two ethical issues related to each of those outcomes. (It is important to consider all of society.)
• Develop a conclusion for the last paragraphs of the essay, starting with rephrasing your thesis statement and then presenting the major points of the topic and how they support your argument. 

ESSAY REQUIREMENTS:

• Must be 900 to 1050 words in length (approximately between seven and nine pages; not including title and references pages) and formatted according to APA style.
• Must include a separate title page with the following:
  • Title of paper
  • Student’s name
  • Course name and number
  • Instructor’s name
  • Date submitted
• Must utilize academic voice.
• Must include an introduction and conclusion paragraph. Your introduction paragraph needs to end with a clear thesis statement that indicates the purpose of your paper.
• Must use at least eight scholarly sources.
  • Source Document Requirements:
    • Multimedia sources (such as videos) may be used, but no more than two such sources may be used. If multimedia sources are used, they must be authored and distributed by credible sources, such as universities, law schools, medical schools, or professors.
    • Government sources may be used, but no more than two such sources may be used. Examples include whitehouse.gov, state.gov, usa.gov, cdc.gov, and so forth. These websites can be used to make a stronger point about your proposed solution within the argument.
    • Where documents are used for source materials, those must be peer-reviewed, scholarly journal articles, and academically published books. Popular media sources (e.g., newspapers, magazines, television and radio shows, etc.) must not be used. Materials from advocacy groups (e.g., Greenpeace, Human Rights Campaign, National Organization for Women, etc.) must not be used.
    • Sites such as ProCon.org and Wikipedia must not be used.
    • Religious texts must not be used.
  • Must document in APA style any information used from sources.
  • Must have no more than 15% quoted material in the body of your essay based on the Turnitin report. References list will be excluded from the Turnitin originality score.
  • Must include a separate references page that is formatted according to APA style.

Good Critical Thinking Tips:

• Your paper should include academic sources that explain multiple sides of the issue.
• Your interpretations of the evidence should be objective and state the conclusions and theses presented in the evidence clearly and fairly.
• Your paper should place the various forms of evidence in relation to one another and demonstrate why one form or perspective is stronger than the other positions that one could take on the issue.
• Your paper should point out the limitations of current evidence and attempt to indicate areas for future research.