CII releases guidebook on adoption, governance of AI for board leaders

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CII releases guidebook on adoption, governance of AI for board leaders - Business Standard

Quick Summary:

AI requires careful governance to fully harness its potential while mitigating the risks and challenges it presents, CII said in a release, adding that the guidebook aims to serve as an effective tool for the board of directors to navigate the intricate landscape of AI governance and drive better business outcomes.

Industry body CII has released a 'guidebook on effective adoption and governance of AI for board leaders', amid the rising use of Artificial Intelligence in businesses and the essential role of board engagement in supporting effective and meaningful AI governance.

It encompasses basic concepts related to AI, its use in various business functions, criticality of AI governance and its framework, risks and challenges and its governance and liabilities of directors associated with deployment of AI in businesses.