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AI is not limited to any one industry; it is so diverse that it has an array of applications in various areas. Let's take another peek into Mark's life and discover AI's role in one of his ideal and amusing weekends. Mark is visiting his sister and her family in Montreal. He has decided to spend the whole weekend with them and his journey starts with an early morning flight. Once he is ready and having his breakfast, like a creature of habit he picks up his phone.

Are your AI Algorithms locked down and safe? In my prior Forbes blogs, the business imperative for Board Directors and CEOs to advance their governance practices to lead forward with AI was framed. This blog shares the insights from a recent interview with Cathy Cobey, the EY global trusted AI leader, where we explore: how practicing responsible AI is stacking up, the impact of data bias and key board director questions to ensure CEO's are managing the new risks that AI presents. One of the key insights Cathy shared is that from all of her global client interactions to date, she has yet to find any organization, large or small, which has a robust inventory management process to easily identify or inventorize their AI models. This also mirrors my global research that Board Directors and CEO's don't know where their AI algorithms are.

Are your AI Algorithms locked down and safe? In my prior Forbes blogs, the business imperative for Board Directors and CEOs to advance their governance practices to lead forward with AI was framed. This blog shared the insights from a recent interview with Cathy Cobey, the EY global trusted AI leader, where we explore: how practicing responsible AI is stacking up, the impact of data bias and key board director questions to ensure CEO's are managing the new risks that AI presents. One of the key insights Cathy shared is that from all of her global client interactions to date, she has yet to find any organization, large or small, which has a robust inventory management process to easily identify or source their AI models. This also mirrors my global research that Board Directors and CEO's don't know where their AI algorithms are.

This article was co-written by Chris Davis and Brandon Metzger. From detailed homework review to back office automation, progress in artificial intelligence will continue to explode in the year ahead. In 2018, Metis Strategy interviewed nearly 40 CIOs, CDOs and CTOs of companies with over $1 billion in revenue as part of our Technovation podcast and column. When asked to identify the emerging technologies that are of growing interest or are making their way onto their 2019 roadmap, 75 percent of the technology leaders highlighted artificial intelligence, while 40 percent said blockchain and 13 percent cited the Internet of Things. AI, an umbrella term for technologies that enable machines to accomplish tasks that previously required human intelligence, could rapidly upend the competitive landscape across industries.

One person unsurprised by the unfolding data scandals surrounding Cambridge Analytica and Facebook is Cathy O'Neil. In 2016 Cathy published her book Weapons of Math Destruction: How Big Data Increases Inequality and Threatens Democracy. In the book O'Neil reveals how a silent bureaucracy governed by algorithms and big data is emerging across every corner of society. This new bureaucracy is increasingly deciding who gets a job, who gets credit (and at what rate), who goes to prison and what information people read. Some of these systems may be making accurate decisions. However, Cathy argues that accuracy and efficiency alone are not sufficient metrics for success. Fairness, equity and other social considerations need to be built into the algorithms.