What strategies have you employed to strengthen the board's understanding of the top risks impacting data and analytics objectives?

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Chief Technology Officer in Software3 months ago

In our organization, the topic of data analytics and AI is now a staple in board discussions. We dedicate a significant portion of our board meetings to these subjects. The approach we take involves apprising the top management and the board of the measures taken regarding the risks associated with data and AI. This briefing is usually conducted by senior management, particularly the CIO.

We aim to provide a systematic view rather than a high-level overview. This ensures that the information presented includes actionable items and clearly outlines the support needed from the board.

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Head of Global Data & AI Center of Excellence in Consumer Goods3 months ago

One of our initial strategies was to collaborate closely with the legal and HR departments. With legal, we conducted several sessions to understand the potential implications of using data for AI initiatives. This collaboration helped us map out about ten topics that we needed to discuss within the business context.

Following this, we partnered with HR to develop a training series focused on these topics. We invited stakeholders involved in developing use cases for AI to participate in these sessions. This approach not only educated them about the general applications and risks but also involved detailed discussions with the legal department about potential risks specific to each use case.

These strategies have been pivotal in ensuring that our board is well-informed and equipped to understand and manage the top risks impacting our data and analytics objectives.