Why AI Governance is the Secret to Future-Proofing Your Business?
By Kathy Nguyen
Why AI Governance is the Secret to Future-Proofing Your Business?
The Aragon Research’s webinar, “AI Is Here: Increase Value & Reduce Risk with AI Governance“, hosted by Betsy Burton (VP of Research) and Jim Lundy (CEO), provided valuable insights and practical tools to shape the future of AI in your organization and industry.
AI has immense potential to create value. It can streamline operations, optimize decision-making, and even spark disruptive innovations that reshape entire industries. However, with great power comes great responsibility. If left unchecked, AI can also lead to unintended consequences, ethical dilemmas, and even potential harm.
That’s where AI governance comes in.
Key Takeaways from the Webinar:
- The Crucial Role of Governance: Betsy emphasized that AI governance isn’t just about managing risks; it’s also about maximizing the value that AI can bring to your organization.
- Challenges and Solutions: The webinar addressed the complexities that organizations face in adopting AI, including technology selection, customer interactions, copyright concerns, and regulatory compliance. Robust governance was highlighted as the key to overcoming these challenges.
- Digital Labor & The Future of Work: Betsy introduced the concept of “digital labor” and its implications for the workforce. She underscored the importance of proactive change management to prepare for this new reality.
- Prioritize Security and Trust: Jim stressed the criticality of trust and security in AI implementations, advocating for solutions that prioritize data protection.
- Aragon’s AI Governance Checklist: Your Action Plan:
- The webinar’s highlight was the AI Governance Checklist, a practical, step-by-step framework for establishing effective AI governance.
- Key elements of the checklist include:
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- Defining clear roles and responsibilities for humans and AI, utilizing tools like the RACI chart.
- Making strategic AI investments that align with business outcomes and undergo proper review.
- Implementing performance management through metrics tied to business objectives.
- Proactive risk management, including scenario planning and ethical considerations.
- Adapting your business model to leverage AI’s transformative power.
Bottom Line: Governance as a Strategic Imperative
The webinar made it clear: AI governance isn’t optional for forward-thinking organizations. It’s the strategic key to unlocking AI’s potential while navigating its inherent complexities.
By embracing the insights shared by Betsy and Jim, enterprise leaders can create a roadmap for responsible and successful AI adoption. Remember, AI isn’t just a technological advancement; it’s a catalyst for change. With effective governance, your organization can harness its power to drive innovation, growth, and long-term success.
Join our Experts for Aragon’s September Transform Tour!
Whether you’re a seasoned AI practitioner, a business leader looking to stay ahead of the curve, or simply curious about the future of technology, this Aragon Research virtual event is your chance to gain early access to critical insights that will shape 2025 and beyond.
This isn’t just another trends forecast. Join our expert analysts and women-in-tech panel for:
- Women-In-Tech Guest Panel: Communication in the Age of AI
- Predictions for 2025: The AI Big Bang: From AI Technologies to AI Business Strategies
- AI Assistants: On Your Phone or in the Cloud
Check out our Upcoming Webinar
Use Cases in Computer Vision that Will Drive Growth
Computer vision and large vision models are poised to revolutionize industries and create new applications – all due to the simple idea of recognizing and acting on information in images and videos faster than people can. In this webinar, Adam Pease and Jim Lundy identify why Computer Vision and LVMs represent the next big evolution in AI.
Our lead analysts will discuss:
- What are the trends driving computer vision and large vision models?
- What are the use cases where Computer Vision and LVMs will have the largest impact?
- How can enterprises gain a competitive advantage by putting Computer vision and LVMs to work?
Join us on September 30th for this insightful analyst webinar and Q&A and discover how computer vision is shaping the future of business and driving growth across multiple sectors.
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