MIS Quarterly Executive’s Post

🎉 Featured in the Harvard Business Review! Proud to see the AI governance platform developed by HPE's Legal department getting the industry recognition it deserves. Feel free to reach out if you'd like to learn more about how we're leveraging automation and AI to advance the way we live and work. === "Beyond enhancing the awareness of the local context, continuous engagement can also help global leadership strike a delicate balance of deferring to local teams in some cases but overruling them in others. HPE approached this problem by building automated processes. When starting a new initiative or bidding process that involves AI, their compliance software automatically schedules a meeting between team personnel and members of the local AI governance group. The local team provides context for the conversation, while the global team provides more high-level expertise on HPE’s principles and AI governance framework. Over time, this has built up a “case law” within HPE of how to approach different AI ethics issues." https://lnkd.in/gKdjFyjN

It's time to move beyond loss aversion to include value creation to justify AI investments... There has been a lot of focus recently on AI ethics and governance, which makes sense as GenAI use cases in insurance are starting to move beyond experimentation into production. Given this, the Notre Dame-IBM Tech Ethics Lab published a great article on this important topic. When it comes to AI ethics and governance, many companies are taking a loss aversion “reactive” approach to justify AI investments that emphasize: ✦ Regulatory compliance  ✦ Client trust ✦ Brand reputation protection With AI investment expected to approach $200 billion globally by 2025, with GenAI adding as much as $4.4 trillion annually to the global economy, a shift is occurring from just loss aversion to a balance inclusion with value creation working together to offset investment budgets. The value generation approach involves strengthening intangibles and capabilities for potential competitive differentiation, longer-horizon innovation, and “proactive” justifications that emphasize: ✦ New market opportunities ✦ Building organizational capabilities ✦ Customer satisfaction improvements ✦ Employee productivity improvements ✦ Demonstrate trustworthiness and maturity Rooting an AI implementation strategy in loss aversion and value generation can help insurers recognize that using AI presents a critical opportunity for economic growth. A balanced approach helps to maximize the potential returns on investments while simultaneously benefiting stakeholders, the ecosystem in which they operate, and society as a whole. Heather Domin, PhD Francesca Rossi Brian C. Goehring Marianna B. Ganapini Nick Berente Marialena Bevilacqua #ibm #ibmconsulting #ai #ethicalai #aigovernance https://lnkd.in/erxhkiVe

As #AI, including #genAI becomes more capable, 20th Century sci-fi literature is eerily relevant. Asimov's 3 laws of robots and Clark's "[AI] will start to think and eventually completely outthink their makers," are here. It's time to deeply consider the business ethics and better understand the implications of #ESG (Environmental, Social, and Governance) principles in the service of commerce and brand development.

Heard the Buzz About AI Taking Over Offices? Let’s Talk Ethics! We’ve all seen the headlines – AI is transforming workplaces! But with this exciting wave of automation and efficiency comes a crucial question → Are we prioritizing fairness and ethics as we integrate AI into our daily work? Here at Provision AI, we’re all about harnessing the power of AI responsibly. We actively follow discussions and research on AI ethics to ensure our solutions promote fair and unbiased outcomes.But responsible AI isn’t just about our company. It’s about all of us working together! → How can we guarantee AI is used ethically and fairly across different industries? → What steps can companies take to prevent bias in their own AI-powered solutions? Let’s start a conversation! Share your thoughts and ideas on AI ethics and its impact on the future of work in the comments section. ------------- #AI #ProvisionAI #NoCode #startup #AIAutomation #AIAgents #ArtificialIntelligence #startupfactory

Dive Into Our AI Ethics Guidelines Our AI Ethics Guidelines are designed to ensure that technology serves humanity responsibly and ethically. As we advance in AI innovation, these guidelines are our commitment to transparency, fairness, and accountability. They guide us in developing AI solutions that respect privacy, avoid bias, and prioritize human dignity. Join us in navigating the future of AI with integrity—explore our AI Ethics Guidelines and be part of a movement that puts people first. Enroll today https://lnkd.in/dncAD_Ju and be a champion of ethical AI. #transformation #leadership #T4L #organisationalgrowth

AI risks such as compliance, bias, and transparency are increasingly under scrutiny, with only 21% of executives reporting high maturity in governance practices. A recent report by the IBM Institute for Business Value emphasises that while generative AI offers obvious benefits, it also brings new governance challenges. IBM suggests that key governance priorities include accountability, transparency, and explainability. Notably, with diverse, multidisciplinary governance teams and a commitment to responsible AI frameworks, organisations can harness AI's potential more responsibly. (Link to the full report in the comments section.) I believe boards have a pivotal role in driving AI accountability. They can significantly advance AI governance by: - Endorse ethical AI principles, ensuring that AI policies align with the organisation's core values - Appointing senior leaders responsible for AI governance and mandating AI ethics councils - Boards can advocate for transparency by requiring detailed reporting on AI model decisions, data sources, and system biases - Integrating AI governance with sustainability goals, particularly in low-carbon initiatives

The paper advocates for a comprehensive approach to AI ethics and governance ROI. It encompasses both avoiding costs like regulatory fines and enhancing long-term intangible benefits such as innovation and competitive edge. It stresses that organizations must integrate AI into their strategic frameworks, balancing tactical and strategic uses.

Our IBM AI governance was analyzed by Gartner. This article summarizes the findings: "With great power comes great responsibility". https://lnkd.in/gCfCJyRT

How can ethical AI lead to better business outcomes? Publicis Sapient's latest article explores the parallels between AI ethics and ESG, and why responsible AI is the way forward. #AI #ESG #Sustainability

How can ethical AI lead to better business outcomes? Publicis Sapient's latest article explores the parallels between AI ethics and ESG, and why responsible AI is the way forward. #AI #ESG #Sustainability