Remove Contingency Plans Remove Development Remove Ethics
article thumbnail

8 Proven Strategies to Effectively Mitigate AI Risks in Leadership

Lead from Within

While AI can enhance decision-making, streamline operations, and drive innovation, it also brings challenges such as ethical concerns, job displacement, and data privacy issues. Establishing Ethical AI Frameworks to Mitigate Risks Developing and implementing ethical AI frameworks is crucial for mitigating risks.

Strategy 122
article thumbnail

The Big Picture of Business – Business Success Checklist

Strategy Driven

Plan for the future. When your business has contingency plans for future scenarios you will seldom be caught by surprise. Most successful businesses have planned responses to most scenarios because they took the time to think “What If”. Development of technical abilities, specialties and expertise.

article thumbnail

We Need to Approach AI Risks Like We Do Natural Disasters

Harvard Business Review

Contingency plans must go beyond a natural disaster playbook. Finally, policymakers should establish international trust and ethics guidelines to govern the development and implementation of ever more advanced AI products and systems. AI International Protocols.