Why Your Board Needs a Plan for AI Oversight

We can safely defer the discussion about whether artificial intelligence will eventually take over board functions. We cannot, however, defer the discussion about how boards will oversee AI -- a discussion that's relevant whether organizations are developing AI systems or buying AI-powered software. With the technology in increasingly widespread use, it's time for every board to develop a proactive approach for overseeing how AI operates within the context of an organization's overall mission and risk management. According to McKinsey's 2019 global AI survey, although AI adoption is increasing rapidly, overseeing and mitigating its risks remain unresolved and urgent tasks: Just 41% of respondents said that their organizations "comprehensively identify and prioritize" the risks associated with AI deployment. Get monthly email updates on how artificial intelligence and big data are affecting the development and execution of strategy in organizations.