As AI is implemented across a wide range of industries, the US government has realized the need to regulate it. Companies find it harder to operate in an unregulated environment and prefer to have a regulatory framework. As mentioned in “Why Are Technology Companies Quitting Facial Recognition?” AI companies want federal regulations. This is because … Read more
Deloitte’s recent study researched the question: “What have companies that have successfully incorporated AI done differently? This article offers a summary of its findings to help you decide whether you should invest time to read it. The companies that have garnered the most success in AI do well in the following categories: Strategy: Companies have … Read more
Why Do We Need to Discuss Artificial Intelligence? Board members have a number of critical issues to focus on such as; risk and reputation management, advising and encouraging the CEO, financial performance, and growth opportunities. Thus, their involvement is not expected in daily technical operations. When I encourage board members to put AI on their … Read more
Article Originally Written for Directors&Boards Agility and a Multistakeholder Approach are Essential for Success. Artificial intelligence (AI) is advancing faster than our ability to govern it. Because AI presents unique risks, “normal” governance no longer applies, and boards will need to incorporate a different governance framework for AI. Findings from the work of The Global … Read more
The European Union (EU) has established itself as the leader in regulating issues impacting EU companies and citizens. EU was the first to introduce the General Data Protection Regulation (GDPR) to address data privacy issues. It is now adopting a similar approach for AI regulation which will impact most, if not all businesses. Now the … Read more
The strategic importance of AI is growing at an accelerating pace. Many companies are reaping the rewards of AI now and will increase their investments as a result. Every board member and every senior executive must understand the key trends in AI that will impact their businesses. Top 5 AI Trends 1. Increasing investments 2. Rapid response … Read more
The Covid-19 pandemic has altered the traditional work models for both employers and employees resulting in a hybrid work environment. This has been achieved by more and better automation and AI-based initiatives. Employers have recognized the opportunity to automate many jobs to a large degree to allowing them to work with a part-time or hybrid … Read more
As AI is increasingly used by companies to improve their products or services, it is up to the leaders to manage and mitigate its associated risks. Although there are various risks associated with AI, some of the most critical ones are the reputational, regulatory, and legal risks companies are exposed to because of ethical decisions … Read more
With companies rapidly inculcating AI, it is natural to wonder whether the federal government will be able to formulate regulatory frameworks at the same pace. The Federal Trade Commission (FTC) has recently alerted companies of their legal framework to ensure truth, fairness and equity in developers and users of AI. The FTC has 3 laws … Read more
Elon Musk has famously said, “AI is far more dangerous than nukes.” His statement has some truth to it, and it has succeeded in raising our awareness of the dangers of AI. As leaders, part of our job is to ensure that what our companies do is safe. We don’t want to harm our business … Read more
