Of interest to those involved in governance.
Introduction
Artificial Intelligence (AI) is now a part of daily life and is embedded in many devices and applications currently in use in many organisations.
There are considerable opportunities to leverage AI in many different applications such as forecasting, image analysis, voice recognition and machine learning and to automate tasks such as drafting copy or hiring staff. However, the technology comes with the possibilities of misuse, unintentional bias, data privacy and ethical concerns. The rapid pace of the evolution of these technologies means that current regulatory frameworks are not equipped to address the issues and risks the use of these technologies raise.
Ethical behavior is important for all organisations. It is good governance for boards and senior management to demonstrate a commitment to the lawful, ethical and responsible use of AI and AI applications in their organisation and the behaviour of their people in the deployment of AI. It is also good governance to ensure that the use of generative AI is incorporated into an organisation’s risk management framework.
This document includes:
- Introduction
- Types of AI
- Generative AI
- Limitations and risks
- Generative AI in context
- Role of directors
- Skills and resources
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