FEATURE : ARTIFICIAL INTELLIGENCE
Artificial Intelligence creates new opportunities but also raises new risks for businesses and society . The AI C-suite Toolkit aims to help executives take advantage of opportunities and understand the risks of AI by asking a series of key questions .
The World Economic Forum has published the AI C-suite Toolkit to support executives in their Artificial Intelligence implementation decision making .
The toolkit provides a holistic approach to AI , covering multiple dimensions businesses need to consider when making investments in AI . Emphasis is given on potential risks these technologies create and how to ensure the ethical and responsible use of them .
“ The key skill executives need to develop is the ability to understand the art of the possible with AI while identifying the main risks it creates ,” said Kay Firth- Butterfield , Head of AI and Machine Learning at the World Economic Forum .
Furthermore , Theos Evgeniou , Professor at INSEAD and Co-Founder of Tremau , said : “ Organizations need to adopt new data and AI risk management practices , processes and tools in order to both comply with upcoming regulations and to ensure customer trust .”
The new toolkit is the result of a collaboration among several AI experts and executives across companies and industries . It also builds on the previous World Economic Forum guide that ’ s targeted at boards of directors .
Simon Greenman , Partner at Best Practice AI and Member of the World Economic Forum ’ s Global AI
C-suite Toolkit helps executives navigate the Artificial Intelligence landscape
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