“Harnessing machine learning can be transformational, but for it to be successful, enterprises need leadership from the top.”
– Erik Brynjolfsson (Professor & Senior Fellow, Stanford Institute for Human-Centered AI)
As AI promises to change the way we do business and the way we work, it is essential that board members understand the fundamentals of AI to effectively oversee its deployment, manage its risks, and guide the responsible use of AI within their organizations.
The National Association of Corporate Directors (NACD) recommends that boards have access to an expert, either on the board or as an advisor, to gain essential insights into AI’s impact on the business. NACD further recommends that boards develop the following 6 key competencies to proficiently oversee AI:
- Foundational AI Competency
- AI Business Assessment
- AI Business Judgement
- AI Governance
- Ethical AI Practices
- Continuous Learning
Click here to learn more about these 6 key AI competencies and how to develop them for board members.
