What strategies are companies using to identify and manage AI-related threats or opportunities in the short-term, medium-term, and long-term?

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IT Manager in Construction2 years ago

One of the most critical aspects in managing the opportunities and threats associated with Artificial Intelligence is the establishment of a dedicated governance team and a group that is continuously updated on developments in the AI field. 

This approach can be integrated into the strategies as follows:
Short-Term: Immediately establishing a specialized AI governance team. This team would be responsible for overseeing AI projects from an ethical, legal, and efficiency standpoint, ensuring that short-term AI initiatives align with broader company goals and regulations.
You should be focused on the AI use cases identification, the Cybersecurity Enhancement and Ethical AI Frameworks arrangement.

Medium-Term: The governance team would play a key role in the medium-term strategy, focusing on monitoring ongoing AI projects for compliance, effectiveness, and alignment with evolving ethical standards. They would also be tasked with keeping the company abreast of new AI technologies and market trends.

For the medium term, an AI Literacy and Culture: Cultivating a company culture that understands and embraces AI, through education and awareness programs for employees at all levels.

Long-Term: In the long-term, this team would be instrumental in shaping the company's strategic direction regarding AI. They would be responsible for long-term scenario planning, anticipating future AI developments and their potential impact on the industry, and ensuring the company is prepared for various future scenarios.
I see here the Sustainable AI Development: Focusing on sustainable AI development practices, considering the long-term environmental and societal impacts of AI technologies but also
a scalability part for Scenario planning for AI evolution: Engaging in extensive scenario planning to anticipate how AI might evolve and potentially disrupt the industry in the future, preparing for various scenarios with adaptive business models.

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