C-Suites Hunt for Top AI Talent to Drive Oversight of New Tech

As more companies seek to integrate artificial intelligence technology into their operations, the hunt for executives with AI experience is becoming competitive. The responsibilities of the role, however, can vary greatly due to the various ways to add AI to businesses, from writing AI policies and plans to implementing tools and technology designed for business processes.

AI governance has become a hot topic in the board room as companies seek oversight to prevent misuse and mitigate the risk of bias and privacy breaches. However, Managing Director Frank Fenello noted companies using guidance designed for other risks like cybersecurity and fraud may find themselves lagging in the face of an actively changing technology environment. "You may have to keep remodeling or redesigning your processes, your controls, and governance because it’s changing that fast,” said Fenello.

Other challenges for companies adopting AI include identifying the right skill set in their executive based upon their business needs, identifying AI risks to their operations, and creating privacy policies to protect information collected and developed by the technology.

Read the full article published by Bloomberg Law.