AI Governance for Boards, Executives and Management

As with any emerging technology, AI presents opportunities for competitive advantage and innovation while also presenting significant potential for risks. Boards and corporate managers need to assess the impact of AI on corporate strategy and risk, and specifically consider:

• How AI is currently used, for example, to support innovation and R&D, enhance customer experiences, manage the supply chain, reduce risk, or otherwise improve efficiency and reduce costs.
• How AI may change the industry and the business.
• Strategic opportunities AI presents that have not yet been captured.
• Associated operational, financial, compliance, and reputational risks.