A toolkit for corporate officers to identify the benefits of artificial intelligence for their companies and how to operationalize it in a responsible way
As AI becomes an imperative for business models across industries, corporate leaders will be required to identify the benefits this complex technology can bring to their businesses as well the concerns about the need to design, develop and deploy it responsibly. Striking the right balance will lead to sustainable businesses in the Fourth Industrial Revolution, but failing to operationalize it responsibly can damage brand value and risk customer backlash.
Corporate executives are responsible for stewarding their companies through the current period of unprecedented technological change and its attendant societal impacts. A practical set of tools can empower them to ask the right questions, understand the positive and negative aspects of using AI or machine learning in their businesses, and oversee the responsible operationalization of AI in their corporations.
Building on the AI Toolkit for Boards of Directors – Launched 17 January 2020, the Forum is co-creating an AI Toolkit for c-suite executives, providing a practical set of tools that can help corporate executives understand AI’s impact on their roles, ask the right questions, understand the key trade-offs, and make informed decisions on AI projects and implementations.
This toolkit is designed to be aligned with c-suite executives’ responsibilities and interests. It will address topics that are specific to the conventional c-suite positions (e.g. CEOs, COOs, CFOs etc.), but also emerging ones (e.g. Chief Data Officer, Chief Digital Officer, Chief Technology Officer etc.). The toolkit will also support companies in deciding whether and how to adopt particular approaches and in understanding the power of the technology to advance their business.
The Toolkit is co-designed with AI experts and executive officers from diverse companies and industries to ensure it meets the needs of this user community, with input from relevant stakeholders to ensure the inclusion of diverse perspectives.
For more information, contact Arunima Sarkar, Project Lead, at Arunima.Sarkar@weforum.org